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Why Dogecoin Is Plummeting Today
The latest inflation report arrived, with data that could spell trouble for Dogecoin investors. Dogecoin (DOGE -8.72%) is getting hit with bearish pressures Thursday. The meme coin's token price was down 8.4% over the previous 24 hours of trading as of 4 p.m. ET. Over the same period, Bitcoin was down 3.8%, and Ethereum was down 4%. Dogecoin's valuation is slipping today after the Bureau of Labor Statistics published its Producer Price Index (PPI) report for July. The report showed PPI inflation came in at 3.7% last month -- up 0.9% from June's level. July's PPI inflation came in far higher than the broadly ... (full story)
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