Elon Musk's Department of Government Efficiency (DOGE) claims it's slashing $1 billion daily by cutting unnecessary hires, DEI programs, and foreign payments—aiming for $3 billion in savings.

Bitcoin is once again gaining traction, and a discernible increase in trading volume indicates that market volatility is returning. The price is resilient above important support levels, currently trading at about $102,700.

The index, comprising 13 assets, aims to provide a standardized benchmark for U.S.-focused crypto investment strategies.

Cryptocurrency markets are trading slightly up as the Federal Reserve continue to hold interest rates steady. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $103,822 +2.6% Ethereum (CRYPTO: ETH) $3,119 +0.6% Solana (CRYPTO: SOL) $233.27 +2.1% XRP (CRYPTO: XRP) $3.00 +0.2% Dogecoin (CRYPTO: DOGE) $0.3288 +2.3% Shiba Inu (CRYPTO: SHIB) $0.00001853 +1.6% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 21.4% and daily active addresses falling by 7.8%.

The much-anticipated major rally for Dogecoin, potentially toward its present all-time high continues to face significant setbacks due to unfavorable market conditions. Given recent price developments, a crypto expert forecasts that the meme coin could see a back-to-back bull run soon.

Dogecoin price entered a mild 1.8% rebound to hit $0.32 on Wednesday, January 29. Derivatives markets trends suggest bull traders placing more aggressive bets, to avert a breakdown below $0.30 gain more ground in the week ahead.

Bitcoin's volatility is likely to pick up following Fed Chair Jerome Powell's comments, but the potential direction of the price move remains elusive to most traders.

Dogecoin (DOGE) has been in a short-term downtrend for the past two weeks, shedding over 29% of its value since hitting a local high on January 18. The meme coin has faced consistent selling pressure, mirroring broader market uncertainty.

Bitwise aims to launch a dogecoin ETF, tracking DOGE's price directly. Will the SEC approve it? The industry anticipates more crypto ETFs in 2025. Bitwise Files for Dogecoin ETF Amid Growing Crypto ETF Trend Bitwise Investment Advisers LLC has formally submitted a registration statement to the U.S.

The Dogecoin price crashed to as low as $0.31 this week and is still at risk of losing the psychological $0.3 level. This price decline is due to several factors, including developments on the macro side.

Dogecoin has managed to sustain a relatively positive position towards the end of January despite the intense volatility throughout the month. With January almost over and the Dogecoin price closing the month on a positive note, the next outlook is what lies ahead for the meme coin and whether Dogecoin investors can see a similar price trend in February.

Can DOGE mimic its impressive performance from the beginning of 2021?

January was a highly volatile month, with many top meme coins facing heavy selling pressure amid broader market bearishness. However, a select few defied the trend and saw significant gains.

Sellers' pressure remains relevant, according to CoinMarketCap.

Dogecoin and Solana ETFs are attracting significant attention. Yesterday, Bitwise officially filed with the US Securities and Exchange Commission (SEC) for a spot Dogecoin exchange-traded fund.

Cryptocurrencies have soared since early November as investors anticipate that a newly elected Trump administration will be more friendly toward digital assets. Although it's still early, key personnel nominations and an executive order calling for regulatory action are promising signs.

According to reports, Bitwise has filed an S-1 with the SEC to launch a Dogecoin ETF, aiming to offer direct exposure to DOGE.

Dogwifhat (CRYPTO: WIF) is bouncing back from a prolonged downtrend, prompting traders to speculate whether the popular meme coin has finally found its bottom. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogwifhat (CRYPTO: WIF) $1.35 $1.3 billion +18% -6.4% Dogecoin (CRYPTO: DOGE) $0.3288 $48.6 billion -1.6% -10% Shiba Inu (CRYPTO: SHIB) $0.00001844 $10.9 billion -2.9% -10% Trader Notes: Pseudonymous trader TheFlowHorse sees WIF as a strong play for a potential bounce, while prominent analyst Kevin highlighted to his followers that WIF hit “peak fear” under one dollar.

Jupiter, Ethena, and FXGuys are the three best altcoins under $1 that are set to outperform Dogecoin and many other major altcoins in 2025!

As Dogecoin and AVAX failed to gain momentum, experts speculate IntelMarkets could surpass these well-established coins with its massive 45,000% growth potential.

The Ozak AI token presale has attracted numerous buyers who recognize the value of this new financial tool.

In 2021, the crypto world started to regard Solana and Dogecoin as far more renowned assets than they previously did.

The odds of a spot Dogecoin exchange-traded fund (ETF) being approved this year have spiked to 56% on popular betting site Polymarket.

Bitwise has officially filed an S-1 registration for a spot Dogecoin ETF with the SEC, joining Rex Shares and Osprey Funds in pursuing regulatory approval for cryptocurrency exchange-traded funds.

DOGE's price has lost key support levels this week, weakening the bullish case.

Bitwise Asset Management has filed an application for a Dogecoin ETF with the SEC, potentially expanding regulated cryptocurrency investment options amid rising institutional interest in digital assets and $4 billion in crypto fund inflows during early 2025.

Dogecoin faces multiple market catalysts including a new ETF filing by Bitwise and connections to federal cost-cutting programs, while trading at $0.3316 amid analyst predictions of potential price appreciation.

Dogecoin price may be setting up for a significant rally, possibly reaching $3.0, as demand surges following Bitwise's filing for a spot Dogecoin ETF.

Dogecoin price remains much-eyed by traders as broader market developments are fueling substantial optimism toward the meme token. For context, Elon Musk's DOGE advisory panel achieved a monumental financial feat, targeting the $36 trillion U.S. national debt crisis.

Bitwise, a crypto asset management company, recently filed an application with the Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) based on Dogecoin (DOGE). This initiative marks an important step for Bitwise, which had already registered a Dogecoin trust in Delaware earlier this month.

The request to the SEC of the USA joins those of Rex Shares and Osprey.

The company has already filed for approval for XRP and Solana ETFs. Earlier, another company sought SEC approval for a DOGE ETF.

Investors looking for explosive returns in the crypto space have long been drawn to Dogecoin (DOGE) and Shiba Inu (SHIB). But as these two well-known memecoins deal with consolidation and changing momentum, DTX Exchange (DTX) is silently taking the front stage.

Bitwise Asset Management officially submitted a filing to the US Securities and Exchange Commission (SEC) on Tuesday for a Dogecoin exchange-traded fund (ETF).

Dogecoin is a highly community and social media-driven coin, a single tweet from Elon Musk can double its price, Trump's meme craze has already boosted the meme coin sector.

If Bitwise spot Doge ETF is approved, the fund would expose investors to the price of the eight-largest crypto by market cap. The post Bitwise Officially Files Spot Dogecoin ETF with US SEC appeared first on Cryptonews.

Bitwise, a crypto asset manager, has filed with the US Securities and Exchange Commission (SEC) to list an exchange-traded fund (ETF) for Dogecoin.

Bets favoring approval of a Dogecoin (CRYPTO: DOGE) exchange-traded fund in 2025 surged on Polymarket after cryptocurrency fund manager Bitwise Asset Management formally applied with the SEC. What Happened: The odds on the Polygon (CRYPTO: POL)-based prediction platform increased from 43% to 56% in the last 24 hours before falling back to 53% as of this writing.

Dogecoin has once again rebounded at support around $0.31 in the past 24 hours. This rebound comes after a 10-day decline that saw it erase most of its gains in the first half of the month.

Crypto asset manager Bitwise has submitted documents to launch an exchange-traded fund (ETF) tied to the price of dogecoin (DOGE).

Bitwise officially filed the S-1 form for its spot Dogecoin (DOGE) exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) on Jan. 28. Additionally, Cboe re-filed the 19b-4 forms to trade Solana (SOL) ETFs from VanEck, Canary, Bitwise, and 21shares.

Despite the recent Dogecoin pullback, crypto analyst Javon Marks has provided a bullish outlook for the foremost meme coin. According to m, DOGE's price is gearing up for a move that could send it above $2.

The project's co-founder couldn't confirm marker-moving rumors Movement Labs was in talks with Elon Musk's DOGE.

A Dogecoin ETF could soon trade in the U.S. as Bitwise filed an application on Tuesday, following its registration of a trust last week.

The ETF Store president Nate Geraci believes that memecoins would take “questionable investments packaged into exchange-traded funds (ETFs)” to an entirely new level.

Dogecoin is one of the 10 largest cryptocurrencies by market cap, currently sitting around $47 billion.

Bitwise registered a Dogecoin trust in Delaware earlier this month, but its latest filing makes its bid to launch a Dogecoin ETF official with the SEC.

The asset manager is among a number of issuers seeking ETFs for the memecoin.