Dogecoin Is Struggling to Recover Crypto Flash Crash
Dogecoin (DOGE) is rising by 2.0% to $0.2017 on Monday, attempting to recover after a devastating plunge on Friday, when it collapsed by 66% to $0.0830. The crash was triggered by U.S. President Donald Trump’s announcement of 100% tariffs on Chinese imports starting November 1, which sent shockwaves through global markets and pushed Bitcoin down by 15.8%. Although Trump later attempted to downplay the impact of his decision, the resulting $40 billion one-day wipeout in the crypto market left deep scars. Dogecoin is now struggling to hold above the $0.2000 level, and failure to stabilise here could open the door to another decline below this threshold.
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