Dogecoin Jumps to Highest Price in Months: Here's What's Going On

In brief

• Dogecoin spiked to an intraday high of $0.1059 after X announced trading partnerships with Gemini, Kraken, Coinbase, Moomoo, and Interactive Brokers.
• The pop faded fast—DOGE closed the day down 0.62%, with derivatives open interest jumping roughly 10% in an hour as leverage did the heavy lifting.
• The Dogecoin rally has momentum, but the death cross on its chart still hasn't flipped.

Bitcoin's latest push higher is dragging the rest of the crypto market along with it, and few coins are feeling the love more than Dogecoin.

The original meme coin punched through the psychological $0.10 level this week, hitting its highest price since June and riding a mix of platform news, sector-wide meme coin enthusiasm, and no shortage of leveraged bets.

The broader market mood has turned risk-on, with traders rotating profits out of Bitcoin and into smaller, higher-beta names—Dogecoin included.

In terms of potential catalysts for the renewed interest in Dogecoin, yesterday X announced new trading arrangements with Gemini, Kraken, Coinbase, Moomoo, and Interactive Brokers, letting users trade straight from the timeline via cashtags on the app. Elon Musk has spent years cheerleading Dogecoin, and his companies have flirted with using it as a payment rail.