Overview
- Dogecoin dropped about 8.4% in 24 hours to roughly $0.18, trailing Bitcoin and Ethereum after the latest Fed meeting.
- The Federal Reserve delivered a quarter-point cut, and Chair Jerome Powell said a December cut is not a foregone conclusion due to inflation concerns.
- President Trump’s meeting with China’s Xi Jinping in South Korea added uncertainty after Trump said he had not discussed lifting Nvidia processor export limits.
- DOGE now sits near a $28 billion market cap after falling about 20% over the past month and roughly 30% year to date.
- Sentiment indicators are bearish with the Fear & Greed Index at 34, while some models project a roughly 13% rebound to about $0.21 by November 29.