Markets· ★★· bearish· October 12, 04:27

Dogecoin at $0.0868 as $57.2M leaves exchanges, underperforming the market

—DOGE at $0.0868, daily range $0.0849–$0.0875
—Net exchange outflow of $57.2 million over seven days, 0.42% of market cap
—DOGE fell 7.84% on the week versus 1.79% for BTC and 6.01% for ETH
—Turnover-to-market-cap ratio of 2.9%, above Bitcoin's 0.9%

Why it matters: The exchange outflow failed to lift the price: DOGE's underperformance versus BTC and ETH signals weak demand, and Bitwise's ETF wind-down on October 14 removes another source of support.

#DOGE #BTC #ETH

Source: CryptoTicker