Dogecoin traded more than Microsoft and Amazon combined yesterday

With the crypto market on a tear following its advocate Donald Trump’s election win, bitcoin prices hit a record high on Monday, topping an unprecedented $88,000. But among the myriad of digital tokens riding the crypto wave, few are doing it quite like dogecoin, which hit a 2024 high yesterday and crossed the $0.41 mark early this morning for the first time since May 2021 — having nearly doubled over the past week, according to Coindesk.

But it's not just the price action surrounding the meme coin — an asset much loved by Elon Musk — that’s remarkable. Yesterday, nearly $18 billion worth of dogecoin was traded, per CoinGecko, more than the amount that changed hands in the stock of tech giants Microsoft ($10 billion), Apple ($9.4 billion), and Amazon ($7.3 billion).

See the full article here.