Dogecoin Briefly Falls Below $0.08 After U.S. Inflation Rises to 3.7%

Dogecoin (DOGE) briefly fell below $0.08 on Oct. 15, reaching $0.0789 at 11:34:20 a.m. ET (15:34:20 UTC), before trading near $0.0805 at 1:04 p.m. ET (17:04 UTC). These were intraday price snapshots, not a reported closing price.

The U.S. Consumer Price Index (CPI) rose 3.7% over the 12 months through September, compared with 3.4% through August. On a seasonally adjusted basis, prices increased 0.6% in September after rising 0.4% in August. The September figures were released Oct. 14 at 8:30 a.m. ET (12:30 UTC).

Bitwise had set Oct. 14 as the expected final trading day for its BWOW exchange-traded fund (ETF). The fund’s DOGE was scheduled to be converted to cash. A distribution to remaining shareholders was set for Oct. 22, based on the fund’s net asset value on Oct. 21.