![]() However, the current trend towards the south can be considered as an increase in the volatility rate. However, the volatility has been on a rise in recent times and hence DOGE price tends to swing regardless of the direction. The DOGE price was pretty stagnant for a pretty long time as the volatility rate was notably low. Hence DOGE price also maintained its upper cap of around $0.08. As the bears are restricting the BTC price below $24,000, the altcoins tend to act accordingly. Since the beginning of 2022, the crypto space appears to be under bearish influence with short-term bounces every now and then. Read more: Tesla Sells 75% of Bitcoin Holdings Bear Market Trend Dogecoin price also was impacted negatively while the clarification by Mr Musk of not liquidating any DOGE, could not save the price plunge. With the new FUD in the space, the Bitcoin price tumbled down, dragging the entire crypto space by nearly 10%. Tesla’s Q2 balance sheet just made huge headlines as the organization that held more than 40,000 BTC, liquidated 75% of its holdings then. Why is Dogecoin Price Falling Today? Tesla’s Massive Bitcoin Sell-off
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