The crypto market took a hit Friday morning Eastern Time, with all major digital assets except for Dogecoin (DOGE) down significantly. Ethereum (ETF), XRP, and Solana (SOL) have all seen significant losses in the past day.

At the time of writing, the original meme coin was trading for $0.08, a 4% increase over the past 24-hour period. And over the week, the asset, which was once Elon Musk’s favorite cryptocurrency, has gained more than 10% in value, according to CoinGecko.

In the past day, $2.7 billion worth of DOGE has changed hands. The only times the meme coin’s volume has been higher in 2023 were around the time that Musk changed the Twitter logo to a Shiba Inu in April and a Dogecoin developer teased at a new development in February.

As of 9.30am ET, it the best-performing top digital currency, CoinGecko data shows.

Elsewhere, though, major assets were hit

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Author: Mathew Di Salvo

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