Why is Dogecoin price down today?

Dogecoin price retracts as the wider crypto market corrects and traders choose to book profit.

Dogecoin (DOGE) price is down today as the wider crypto market undergoes a sharp correction.

DOGE price has dropped over 5.5% over the last 24 hours to an intraday low of $0.1712 on April 3, underperforming the crypto market, which fell by around 0.17% in the same period. The memecoin’s price followed a correction in Bitcoin (BTC) that has witnessed nearly a 7.7% retreat in the last two days.

Let’s take a closer look at the most likely reasons behind Dogecoin’s latest pullback.

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