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Dogecoin has dropped nearly 11% in the past 24 hours to $0.17, its lowest price since early November, and is down 30% over the last month.

Spanish bank BBVA said on Monday it received approval from the country's securities regulator to offer bitcoin and ether trading services in Spain. The bank is set to launch a service that will allow its clients to securely purchase, sell, and handle bitcoin and ether transactions via its app.

President Trump acknowledged that some of his policies will cause pain in the short term.

The crypto industry is more optimistic about the future of the digital assets as President Trump makes good on his plans to make the U.S. the bitcoin capital of the world.

Macro concerns, mainly tariff-related, overshadow Trump's crypto announcements, one observer noted.

The price of Dogecoin is down over 30% so far this year.

The blockchain analytics firm currently lists over 950 addresses linked to high-profile crypto figures.