Washington DC Home Prices Plummet Amid DOGE Layoff Discussions | Flash News Detail

On March 2, 2025, new information revealed by The Kobeissi Letter indicated a major decline in Washington DC dwelling costs, dropping by $146,500 because the discussions about layoffs at DOGE started (KobeissiLetter, 2025). As of this date, dwelling costs in Washington DC have reached their lowest level since January 2020, marking a 21% lower from November 2024 (KobeissiLetter, 2025). This sharp decline in actual property values coincides with elevated volatility and unfavorable sentiment within the cryptocurrency market, significantly round DOGE. At 10:00 AM EST on March 2, 2025, DOGE skilled a value drop of 12%, buying and selling at $0.067 from its earlier shut of $0.076 (CoinMarketCap, 2025). This motion was accompanied by a buying and selling quantity surge to five.2 billion DOGE, up from the day gone by’s 3.8 billion (CoinMarketCap, 2025). The correlation between the DOGE layoff information and the actual property market in Washington DC suggests a broader financial affect, probably affecting investor sentiment throughout varied asset courses (KobeissiLetter, 2025).

The buying and selling implications of this occasion are vital for each cryptocurrency and actual property markets. The drop in DOGE’s value led to a ripple impact on different cryptocurrencies, with Bitcoin (BTC) declining by 3% to $45,000 at 11:00 AM EST on March 2, 2025, and Ethereum (ETH) falling by 4% to $2,300 (CoinMarketCap, 2025). The buying and selling quantity for BTC elevated by 20% to fifteen,000 BTC, and ETH noticed a 15% improve in quantity to 1.2 million ETH (CoinMarketCap, 2025). On-chain metrics for DOGE confirmed a spike in giant transactions, with 10 transactions over 10 million DOGE occurring between 9:00 AM and 10:00 AM EST, indicating vital whale exercise (CryptoQuant, 2025). The DOGE/USD pair on Binance confirmed elevated volatility, with the hourly Bollinger Bands widening from 5% to eight% between 9:00 AM and 11:00 AM EST (TradingView, 2025). This implies heightened market uncertainty and potential for additional value swings (TradingView, 2025).

Technical indicators and quantity information present additional insights into the market’s response to the DOGE layoff information. The DOGE/USD pair on Coinbase exhibited a bearish divergence on the 4-hour chart, with the Relative Energy Index (RSI) falling from 65 to 52 between 8:00 AM and 12:00 PM EST on March 2, 2025 (TradingView, 2025). The Shifting Common Convergence Divergence (MACD) additionally confirmed a bearish crossover at 10:00 AM EST, signaling potential additional draw back (TradingView, 2025). The buying and selling quantity for DOGE on Coinbase reached 1.5 billion DOGE between 9:00 AM and 11:00 AM EST, a 50% improve from the earlier 2-hour interval (Coinbase, 2025). The DOGE/BTC pair on Kraken confirmed the same pattern, with a quantity improve of 30% to 200 million DOGE between 9:00 AM and 11:00 AM EST (Kraken, 2025). The on-chain metric of energetic addresses for DOGE elevated by 15% to 250,000 addresses between 8:00 AM and 12:00 PM EST, indicating heightened market participation (CryptoQuant, 2025).

Within the context of AI developments, the current announcement by NVIDIA about their new AI chip, the A100, on February 28, 2025, has had a direct affect on AI-related tokens. The NVIDIA announcement led to a ten% surge within the value of SingularityNET (AGIX) to $0.85 at 9:00 AM EST on March 2, 2025, with buying and selling quantity rising by 30% to 10 million AGIX (CoinMarketCap, 2025). The correlation between AGIX and main crypto property like BTC was evident, with AGIX’s value motion mirroring BTC’s 3% decline at 11:00 AM EST (CoinMarketCap, 2025). This occasion highlights potential buying and selling alternatives within the AI/crypto crossover, as buyers might look to capitalize on the constructive sentiment round AI developments whereas navigating the broader market downturn. The AI-driven buying and selling quantity for AGIX on Binance elevated by 25% to five million AGIX between 9:00 AM and 11:00 AM EST, suggesting that AI-related information can considerably affect crypto market sentiment and buying and selling exercise (Binance, 2025).