Dogecoin (DOGE) Price: Memecoin Drops 8% Following Fed Meeting

TLDR

• Dogecoin’s price dropped 8.4% in 24 hours following Federal Reserve commentary, underperforming Bitcoin and Ethereum
• Fed Chair Jerome Powell stated a December rate cut is not guaranteed after implementing a quarter-point cut, citing inflation concerns
• Trump’s meeting with Chinese President Xi Jinping in South Korea raised concerns about trade deals after Trump said he hadn’t discussed lifting Nvidia processor export restrictions
• Dogecoin has fallen 20% in the past month and roughly 30% in 2025, with current market cap near $28 billion
• Technical indicators show bearish sentiment with a Fear & Greed Index reading of 34, though some price models predict a 13% increase to $0.21 by November 29, 2025

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Dogecoin traded at $0.18 on Thursday after dropping 8.4% over the previous 24 hours. The decline came after the Federal Reserve’s latest meeting and comments from Fed Chair Jerome Powell.

Dogecoin (DOGE) Price

The Fed announced a quarter-point interest rate cut on Wednesday. Most investors expected this move. However, Powell’s comments during the press conference changed market sentiment.

Rate cuts typically help cryptocurrencies gain value. Lower interest rates make alternative assets more attractive to investors. But Powell’s caution about future cuts removed that potential support.

Bitcoin fell 3.7% during the same period. Ethereum declined 5.4%. Dogecoin’s larger drop showed the memecoin faced additional pressure beyond general market weakness.

President Trump’s meeting with Chinese President Xi Jinping in South Korea added to market uncertainty. Trump stated he had not discussed lifting restrictions on Nvidia’s Blackwell processor exports to China.

This comment raised concerns about trade negotiations. If tariffs remain higher than expected, inflation could stay elevated. That would make future Fed rate cuts less likely.

Trade Tensions Impact Crypto Markets

The connection between trade policy and crypto prices centers on inflation. Higher tariffs can increase prices across the economy. The Fed responds to inflation by keeping interest rates higher or cutting them more slowly.

For Dogecoin and other cryptocurrencies, this creates a less favorable trading environment. Investors typically move away from speculative assets when monetary policy tightens.

Dogecoin currently holds a market cap near $28 billion. This makes it one of the largest cryptocurrencies by market value. The token has fallen about 20% in the past month.

Over the course of 2025, Dogecoin has dropped roughly 30%. These declines have created anxiety among traders and long-term holders.

Price Predictions Show Mixed Signals

Technical indicators currently show bearish sentiment for Dogecoin. The Fear & Greed Index registers 34, indicating fear in the market.

Despite this, some price prediction models forecast a 13% increase to $0.21 by November 29, 2025. This creates conflicting signals for traders trying to assess the next move.

Dogecoin started as a joke cryptocurrency. Its creators never intended to build a major payments system. This origin continues to influence how the token trades.

On-chain activity for DOGE remains lower than many competing cryptocurrencies. Payment volume also lags behind other tokens. These factors contribute to large price swings in both directions.

Meme tokens have lost favor in 2025 according to market reports. When overall crypto sentiment turns cautious, coins with weaker fundamentals face steeper declines.

The Dogecoin Foundation has announced plans to build a more formal ecosystem. Various partnerships and proposals have been discussed. Whether these efforts will change market valuation remains uncertain.

Community interest and media attention continue to drive Dogecoin’s price movements. Large social media moments can lift prices quickly. Those same forces can reverse direction with equal speed.

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