DOGE Spot Flows Soar 116%, But Can Crypto Market Rebound?

Dogecoin's spot flows rose by 116% in the last 24 hours, according to Coinglass data.

This increase in spot inflows may suggest coins being moved to spot exchanges for selling purposes, while outflows might indicate withdrawals indicative of buying.

July saw a loss of 1.42% for Dogecoin, which fell to a low of $0.068 at the end of July and closed with a loss of 3.38%, marking its second red month since April.

The crypto market remains uncertain, with hawkish comments from the Federal Reserve committee dulling hopes for recovery. As investors balance expectations on interest rate decisions, markets may be entering 'a new volatility regime', sustaining pressure on risk assets until economic clarity is achieved.