Dogecoin Falls Below $0.081 as Large-Holder Balances Rise

Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE) prices fell on Thursday amid renewed inflation concerns. XRP is at $1.30, ADA at $0.2297, and DOGE below $0.0800. Technical indicators suggest further downside risk for all three cryptocurrencies.

Dogecoin fell 3.3% in 15 hours due to a broader crypto selloff triggered by a hotter-than-expected US CPI report. The drop was exacerbated by derivatives liquidations and lack of DOGE-specific positive news. Dogecoin's price is currently around $0.0814, with flat ETF flows and negative relative-value commentary.

Bitcoin fell to $80,000, and Ether dropped 5.48% as cryptocurrencies declined amid higher-than-expected US inflation and AI spending concerns. Other major cryptos like Solana and XRP also fell. The US CPI rose 3.7%, fueling fears of further Fed rate hikes. South Korean stocks, including Samsung Electronics and SK Hynix, also declined sharply.

Chinese authorities seek to forfeit $5B in crypto, including 61,896 BTC, linked to an investment fraud case involving Chen Zhimin and Tianjin Lantian Gerui Electronic Technology. The case involves over 102,000 victims and 40.38B yuan in losses. The seized assets also include other cryptocurrencies, cash, and jewellery. The final destination of the crypto and compensation details remain uncertain.

Chinese authorities seek to confiscate $5B in BTC and other cryptocurrencies linked to a $6B fraud case involving Tianjin Lantian Gerui Electronic Technology. The court accepted the application, and British courts are involved in determining asset ownership.

Bitcoin, Ethereum, XRP, and Dogecoin each fell over 2% in 24 hours, with Bitcoin near $81,500. Hotter-than-expected CPI data fueled expectations of further Fed rate hikes. Coinglass reported $331.89 million in liquidations, while SoSoValue noted $175.6 million in Bitcoin ETF inflows and $24.84 million in Ethereum ETF inflows. Analysts discussed potential price movements and support levels for Bitcoin.