Dogecoin spot flows surged 116% in 24 hours, according to Coinglass data, with inflows of $30.83 million and outflows of $30.27 million. Dogecoin posted a monthly loss of 28.25% in July, falling to a low of $0.068 on July 31. Hawkish comments from the Federal Reserve committee dampened crypto recovery hopes. On August 1, Dogecoin showed mild recovery signs, up 0.47% to $0.069. Bitfinex analysts expect a choppy August, with Dogecoin historically ending every August in the red except August 2021 (+34.29%).
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