What's Going On With Dogecoin?

Dogecoin DOGE/USD is trading higher by some 2.3% to the $0.08-level Wednesday evening, despite a lack of coin-specific news for the session.

Perhaps contributing to modest crypto gains Wednesday and among top headlines this week, Michael Saylor, co-founder of MicroStrategy Inc., highlighted Bitcoin’s potential as an institutional asset and store of value in a recent video.

He emphasized that 2024 marks the emergence of Bitcoin as an institutional-grade asset class, likening it to milestones such as the introduction of gold ETFs and the creation of the S&P index ETF.

Crypto In The News

During a recent House Financial Services Committee hearing, U.S. Treasury Secretary Janet Yellen emphasized the importance of enacting legislation tailored to the cryptocurrency market to manage potential risks not addressed by existing financial regulations.

Yellen highlighted the necessity of regulatory measures for stablecoins and the crypto spot market, particularly those assets not classified as securities. She urged Congress to pass legislation to regulate stablecoins and non-security crypto assets traded on the spot market…Read More

See Also: ‘Dogecoin Is Currently Sick’: DOGE Dev Flags Network Congestion Issues As Inscriptions Flood System