Dogecoin spikes 11% while Bitcoin and XRP bounce back from the plunge

What went down on Monday will fly high again on Tuesday, including Dogecoin, Bitcoin and XRP.

After falling Monday on fears that interest rates will remain high into 2025, Dogecoin is up nearly 11% so far Tuesday, regaining all its lost ground while rising at the same time.

At its current price of $0.357, DOGE is at a near seven-day high, almost equal to its price this time last Tuesday. But after huge gains in December, Dogecoin remains down 12% over the past 30 days.

XRP is another major coin that completed a similar arc over the past day, not only rebounding but flying even higher on Tuesday. At the time of writing, It’s up almost 9% today.

The Ripple-linked stock could rise again amid growing optimism over potential met with newly elected President Donald Trump.

Bitcoin itself has also fully recovered since Monday morning’s plunge and is currently trading at $96,475, up almost 5% on the day. Ethereum, meanwhile, is up 6%, while Solana showed a jump of more than 5% on the day.

According to data from CoinGlass, more than $300 million worth of futures bets have been liquidated in the past 24 hours – and in a reversal from Monday, most of these liquidated positions were shorts ($221 million).