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CryptoMediumUpdated•Originally published 7 October 2026•Updated 8 October 2026•
1 min read

Dogecoin Drops 7% as Broad Crypto Sell-off Hits Digital Assets

Key Facts

1Dogecoin price fell by approximately 7% as major cryptocurrencies including Bitcoin and Ethereum retreated.
2Digital assets are facing pressure from surging oil prices, rising Treasury yields, and a stronger US dollar.

Dogecoin price fell by approximately 7% as major cryptocurrencies including Bitcoin and Ethereum retreated. According to coinpaper.com, the decline occurred amid a broad market sell-off that saw Bitcoin briefly drop below $84,000 while Ethereum lost around 4%.

Digital assets are facing pressure from macroeconomic headwinds, including the 10-year Treasury yield moving above 5.3% and a stronger US Dollar Index above 102. Additionally, Brent crude climbing above $100 per barrel has reduced appetite for risk assets, pushing Dogecoin toward technical support levels near $0.088 and $0.09, zones that were previously tested during September 2026.

Latest Updates · 1

  1. Notable·

    Update: Market data showed Dogecoin open interest fell by 13.34% over a 24-hour period on October 8, 2026. This decline in positioning was accompanied by negative funding rates in the futures market, signaling a shift in trader sentiment toward the short side as price pressure persists.

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