Dogecoin surged 4.87% over the past 24 hours, reaching $0.0902 and outpacing Bitcoin and the broader cryptocurrency market. The rapid move followed a wave of liquidations in the Dogecoin derivatives market, driving renewed momentum for the popular meme coin. Market data from CoinMarketCap indicated that Dogecoin saw a sharper gain than both Bitcoin, which added 0.38%, and the overall crypto market, which posted a 0.87% rise during the same period. The standout performance was linked to a sudden squeeze in DOGE derivatives, as investors with short positions were forced to close out following the price jump.