The original memecoin of the crypto industry has recently experienced a strong bear presence in the markets. According to crypto market tracker Coingecko, Dogecoin (DOGE) is flashing red at all time frames, with the biggest loss observed at the bi-weekly time frame which shows a nearly 6% decline. 

The drop has been caused by recent market movements, all of which has an effect on DOGE’s price. This week saw Bitcoin and Ethereum face losses, with BTC rejected at $25k and ETH $1.7k, respectively. 

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