Dogecoin Price Jumps 15% as Bitcoin Surges Above $73K and Crypto Market Rebounds

Dogecoin price recorded a sharp rally on Thursday as the broader cryptocurrency market rebounded following Bitcoin’s climb above the $73,000 level. The recovery across major digital assets reignited investor interest in meme coins, pushing Dogecoin to the top of the gainers list. Over the past 24 hours, DOGE surged nearly 15%, supported by strong buying pressure and renewed optimism in the crypto market.

Ethereum also followed the upward trend, gaining around 8% during the same period as the wider digital asset market recovered from several days of uncertainty. The overall cryptocurrency market capitalization rose by approximately 6% in the last 24 hours, reaching about $2.49 trillion, signaling improved sentiment among investors.

Dogecoin outperformed many of the largest cryptocurrencies during the latest rally, including Bitcoin and Ethereum. Market data shows that Dogecoin’s 24-hour trading volume surged to about $2.39 billion, representing a 78% increase in trading activity. This spike highlights strong investor demand as traders reposition amid improving market conditions.

The rebound also extended across the meme coin sector. Popular tokens such as Shiba Inu (SHIB), PEPE, BONK, and PUMP posted gains alongside Dogecoin. As a result, the total meme coin market capitalization climbed to approximately $35.2 billion, reflecting a renewed appetite for high-risk crypto assets.

Macroeconomic developments and easing geopolitical concerns also contributed to the improving market outlook. Reports suggesting potential diplomatic discussions involving Iran helped ease tensions in global markets, boosting risk sentiment across financial assets including cryptocurrencies.

Institutional activity continues to play a significant role in shaping crypto market sentiment. Interest in exchange-traded funds remains strong, particularly for Bitcoin products. Data shows that spot Bitcoin ETFs recorded net inflows of around $225 million on March 3, with BlackRock’s IBIT ETF leading the inflows with roughly $322 million.

At the time of writing, DOGE price traded around $0.102 after breaking above the key $0.10 support level on the four-hour chart. Technical indicators suggest strengthening bullish momentum. The Relative Strength Index (RSI) climbed near 70, indicating strong demand but approaching overbought territory, while the Chaikin Money Flow remains positive, signaling steady capital inflows.

Analysts now identify the next resistance level around $0.12. A sustained breakout above this level could push Dogecoin toward the $0.13 target in the near term. If bullish momentum continues and Bitcoin maintains its strength above $73,000, DOGE could potentially move toward the $0.15 level. However, failure to hold above $0.10 may trigger a short-term pullback toward the $0.095 support zone.