Dogecoin Open Interest Hits $1.26B as Bulls Eye $0.093

Dogecoin is trading around $0.0848 right now, backed by a big jump in open interest to $1.26 billion. Market watchers are keeping a close eye on this activity because it suggests traders are taking big positions. If the positive momentum keeps up, bulls might easily push the price toward the $0.093 target.

Across the wider market, sentiment is getting a nice boost from growing regulatory optimism. Total crypto market capitalization climbed 1.32 percent to reach $2.65 trillion. Bitcoin is holding steady near $78,905, Ethereum is trading around $2,532, and XRP is sitting at $1.44 as the broader sector enjoys green candles.

Traders are now holding their breath for tomorrow's upcoming vote on the CLARITY Act. This upcoming decision could bring major regulatory shifts for the entire industry. Keep your eyes on the charts to see how Dogecoin reacts once the market digests the news.