Dogecoin jumps 10% as cofounder asks whether crypto is back

Dogecoin rose 10% to $0.0771, extending the previous day's move from a low of $0.069, after briefly reaching $0.078 early Thursday before easing. The rebound lifted Bitcoin and most other crypto assets, including Ethereum and Solana, above the S&P 500, which gained 0.21% over the period shown in a screenshot shared by Dogecoin cofounder Billy Markus, known as Shibetoshi Nakamoto on X. Markus asked whether crypto was back and whether the 2026 nightmare was over, reflecting uncertainty after months of selling that began last October following a major flash crash that liquidated a record $19 billion in the market. Markets were also assessing the Federal Open Market Committee minutes from July, released Wednesday. Most officials supported leaving rates unchanged at that meeting, while several favored a hike. The minutes appeared to offer limited support to bullish traders and may have contributed to the S&P 500's modest gain as cryptocurrencies outperformed. Whether the market has truly returned to a sustained rally will depend on performance in the coming weeks and months.

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