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Dogecoin Price Tries to Recover

Dogecoin (DOGE), the cryptocurrency that powers the dog meme-inspired payments-focused blockchain Dogecoin, attempted to stage a recovery on Monday, at one point rallying to its highest level in five days above in the $0.086 area. However, the cryptocurrency has since given back earlier gains to trade closer to $0.081, where it now trades down around 1.0% on the session.

Total cryptocurrency market capitalization was last down around 2.3% on Monday, according to CoinMarketCap. Prices are facing selling pressure at the start of the week thanks to a reports of a fresh round of regulatory enforcement action by the US Securities and Exchange Commission over the weekend.

Dogecoin Dogecoin $0.38
-9.64%
Dogecoin DOGE
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