cointelegraph.com
Dogecoin (DOGE), the meme-based altcoin which has become a favorite talking point of Elon Musk, has doubled in 24 hours to hit all-time highs of $0.29.
A ban on transactions by Turkey's central bank was tipped to have fuelled the loss of upside momentum, this being done due to possible "irrepairable" side-effects to the country's established fiat payment network.
"It is considered that their use in payments may cause non-recoverable losses for the parties to the transactions due to the above-listed factors and they include elements that may undermine the confidence in methods and instruments used currently in payments," Reuters quoted a statement as saying.
Also showing signs of a cooldown was Ether (ETH), which returned closer to $2,400 after seeing its own all-time highs above $2,500 the day before.