Dogecoin falls 5% as Bitcoin hovers near $78,000 and hits golden cross
Market snapshot
Dogecoin fell more than 5% on Thursday, leading losses among major cryptocurrencies. Bitcoin was just above $78,000, down about 1% over 24 hours. BNB dropped about 4% and XRP about 3%. Solana, Ether and Hyperliquid HYPE each fell between 1% and 3%, while Tron was the only gainer, up less than 1%.
Key numbers
- Bitcoin: $78,478.53 (down ~1%)
- Dogecoin: >5% decline
- BNB: ~4% decline
- XRP: 3% decline
- Solana: around $102
- Ether: just under $2,475
- Brent crude: near $102 per barrel
- 10‑year Treasury yield: about 4.85%
Bitcoin's golden cross
Bitcoin’s 50‑day moving average crossed above its 200‑day moving average on Tuesday, a pattern known as a “golden cross”. Analysts noted that similar crossovers in October 2024 and May 2025 did not lead to strong moves, but this one follows a prolonged bull market. They compared it to a 2019 crossover that preceded a 90% rally in under two months.
Oil and Treasury influence
Brent crude climbed to almost $102 per barrel as Iran signaled a possible escalation of conflict. Higher oil prices pushed the 10‑year Treasury yield to about 4.85%, the highest level since late 2023. The yield rise contributed to lower global stock indices and added pressure on risk assets, including cryptocurrencies.
What is confirmed
- Dogecoin fell more than 5% and led losses among major cryptocurrencies.
- Bitcoin traded just above $78,000, down about 1% over 24 hours.
- Bitcoin’s 50‑day average moved above its 200‑day average on Tuesday.
- Brent crude reached near $102 per barrel.
- 10‑year Treasury yield was near 4.85%.
What is still unclear
- Analysts’ view that the golden cross could trigger a rally is speculative; past crossovers have produced mixed results.
- The exact impact of the upcoming U.S. CPI report on crypto prices remains uncertain.
Why it matters
The sharp drop in Dogecoin shows the volatility of meme‑type coins. Bitcoin’s golden cross is a technical signal that some traders watch for possible upside, though it is not a guarantee. Rising oil prices and higher Treasury yields can depress risk assets, including crypto, and may influence investor sentiment ahead of key economic data.
What happens next
Markets will watch Friday’s U.S. consumer‑price index (CPI) report. A higher‑than‑expected inflation reading could increase expectations of a Federal Reserve rate hike, which could affect cryptocurrency prices.
