The meme coin is flying this week.

Dogecoin ( DOGE 2.44% ) is moving higher this week, up 13.4% as of 6:03 p.m. ET on Thursday, as measured from last Friday at 4 p.m. The move comes as the S&P 500 and the Nasdaq-100 gained 1.1% and 1.6%, respectively.

As Bitcoin goes, so too does most of the crypto market -- Dogecoin included. While this doesn't always hold, it's usually a fair bet that if it's a big week for the original crypto, it'll be a positive week for the meme coin as well .

That's what is happening here. Bitcoin is up nearly 10% this week as investors react to the U.S. government shutdown. The coin is often touted as "digital gold," making it attractive in times of uncertainty.

Dogecoin is a risky asset

Despite the fact that Dogecoin often gets a bump when Bitco

See Full Page