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Why Dogecoin Surged Today

TheMotleyFool

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Why Dogecoin Surged Today: https://g.foolcdn.com/editorial/images/828899/gettyimages-174691675-copy.jpg

Dogecoin (CRYPTO: DOGE) has been moving higher in Tuesday's trading. The cryptocurrency was up 6.1% over the previous 24 hours as of 9 p.m. ET.

After big sell-offs yesterday, Dogecoin has been surging today in response to some new macroeconomic data. With today's big rebound, the meme coin has cut its valuation slide over the last week of trading to 6.8%.

Image source: Getty Images.

Source Fool.com

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