On Feb. 3, 2026, the cryptocurrency market showed a brief recovery before a fresh correction the following day. Bitcoin dipped near $73,000 then reclaimed about $76,000, while Dogecoin rose 1.7% in 24 hours according to CoinGecko’s DOGE data, after comments by Elon Musk about putting a Dogecoin on the moon.
Dogecoin remains weaker on broader time frames, down about 13% over the last week and 13.4% across 14 days. The memecoin is down roughly 28.4% over the past month and over 62% since February 2025.
Elon Musk has repeatedly named Dogecoin as his preferred cryptocurrency, and his remarks often spark price moves. (Ed. note: No date has been provided for any moon plan.)
Market-wide weakness is limiting sustained gains for smaller tokens and major coins alike. Macroeconomic concerns, geopolitical tensions, trade frictions, and falling investor sentiment have driven significant liquidations across crypto markets.
Given the broader bearish backdrop, analysts expect the recent DOGE uptick may be short lived and the memecoin could lag other crypto assets during any extended recovery.
