1:24 PM · 3 March 2023

Dogecoin plunges as concerns over Silvergate weigh on sentiment

Mounting worries about the fallout of crypto-focused US bank Silvergate Capital sent shockwaves through crypto markets. Bitcoin lost over 6.0% and briefly dropped below $22,000  as long liquidations hit highest level since August. Smaller projects followed in BTC footsteps and also recorded sharp declines. Dogecoin price plunged 9.0% and dropped below major support at $0.07725 which is marked with previous price reactions, 200 SMA (red line) and 78.6% Fibonacci retracement of the last upward wave. Currently buyers attempt to erase some losses, nevertheless as long as price sits below the aforementioned level, sell-off may deepen towards October 2022 lows at $0.0550. Additionally the Supply Distribution chart shows that the number of large investors, which own from 1 million to 10 million DOGE decreased significantly, which supports the bearish scenario.

Number of Doge large investors so called 'whales' has fallen sharply in recent days. Source: Santiment

DOGECOIN, D1 interval. Source: xStation5

30 September 2026, 6:42 PM

📊Daily Summary: PCE inflation slowdown brings relief to Wall Street, but oil continues gains despite return of supply

25 September 2026, 3:29 PM

Crypto News 📉 Bitcoin pulls back after reaching its highest levels since January. What’s next?

21 September 2026, 3:31 PM

SEC eases regulations: Does Bitcoin and Strategy benefit the most?

16 September 2026, 3:03 PM

Are Bitcoin ETFs selling again? Cryptocurrencies brace for the Fed

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits