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Dogecoin fell to $0.093 today, influenced by a weaker-than-expected September jobs report, leading the market to believe that a Federal Reserve interest rate hike in October is highly unlikely.
Dogecoin fell to $0.093 today, influenced by a weaker-than-expected September jobs report. The market now sees a very low probability of a Federal Reserve rate hike in October, but investors are still digesting expectations for a December hike. The Federal Reserve's next interest rate decision will be announced on October 28. Additionally, Timothy Stebbing, a director at the Dogecoin Foundation, stated that Dogecoin's infrastructure is rapidly expanding with the launch of new projects such as the DogeOS public testnet and Metallicus's DogecoinVM.
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