Bitcoin Drops Below $28K on Profit Taking; DOGE, TRX Lead Altcoin Slump
BTC traded just over $27,600 in Asian afternoon hours on Tuesday, while Ether dropped 3.5% amid a dismal first day of ETH futures ETF trading in the U.S.
Keep up with what's happening in the crypto world in real-time.
BTC traded just over $27,600 in Asian afternoon hours on Tuesday, while Ether dropped 3.5% amid a dismal first day of ETH futures ETF trading in the U.S.
Baby Doge (CRYPTO: BABYDOGE), a cryptocurrency inspired by meme cryptocurrency Dogecoin, experienced a surge of 5% within the last 24 hours. This increase in value outperformed other Doge-based meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
In a surprising turn of events, Dogecoin (DOGE), the cryptocurrency that started as a meme, is making waves in the digital currency world as the broader market breaks free from its recent bearish trend. As of the latest update, Dogecoin has surged by more than $0.06368, marking an impressive 5% increase in just the past 24 hours.
Major cryptocurrencies faced a downfall as the U.S. 10-year yield surged to its highest level in over 16 years. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.
Recently, BTC's price encountered resistance at $28.5K, taking a dip towards the pivotal $28K mark. Similarly, the meme coin sector is experiencing challenges. Top meme coins, Dogecoin and Shiba Inu are currently experiencing slight declines near their resistance points as sellers find opportunities from price spikes.
Bitcoin and select altcoins are looking strong at the start of October, but will the flashpan bullish momentum last?
Dogecoin (DOGE), the first meme coin in the digital currency ecosystem, is currently itching upward as the broader market sailed past its bearish trend. At the time of writing, Dogecoin is currently up by more than $0.06368 and up by more than 5% in the past 24 hours.
The new week has started with ongoing bulls' dominance, according to the CoinMarketCap ranking.
The cryptocurrency industry starts the month of October in green as the market witnesses a jump in its value for the second consecutive day. With the top cryptos now stabilized and gaining value daily, the market is expected to trade the month on a bullish note.
Honda, the Tokyo-based car giant, is ‘opening its engines' to cryptocurrencies. Thanks to a partnership with FCF Pay, it is now possible to buy Honda products in a variety of cryptos, including Ripple (XRP) and Dogecoin (DOGE).
The prevailing market conditions did not appear to be in favour of the bulls until the DOGE price triggered a favourable rebound at $0.0605. The price has failed in its every attempt to rise beyond $0.07, hence making the resistance at $0.08 one of the crucial ones to achieve.
In a tweet on X (formerly Twitter), Elon Musk, the CEO of Tesla, once again sent Dogecoin (CRYPTO: DOGE) and other meme-related cryptocurrencies booming. What Happened: Musk took a jab at the media by tweeting an image followed by the caption, “Dogs rock.
Major cryptocurrencies experienced a substantial increase in value on Sunday evening, as over $100 million was unexpectedly liquidated due to a surprise surge in the price of Bitcoin.
Crypto.com users are allowed to trade XRP, DOGE, and SOL against PYUSD.
Cryptocurrency price analysis brought by Coinidol.com. The price of Dogecoin (DOGE) has crossed the 21-day line SMA as the altcoin resumed its uptrend.
In the ever-evolving world of cryptocurrencies, Dogecoin (DOGE) is making headlines once again. This beloved memecoin, which started as a joke, has proven its staying power by hovering around the $0.06 support level.
In the world of cryptocurrencies, one name stands out as both an enigma and a cultural phenomenon – Dogecoin. With its iconic Shiba Inu dog logo and a history rooted in humor, Dogecoin has taken the crypto world by storm.
Despite the extended bear market, Dogecoin (DOGE) has been able to keep its position among the 10-largest cryptocurrencies by market capitalization, with a total speculative value of $8.75 billion and an inflating circulating supply of 141.22 billion DOGE. However, the Dogecoin price forecast is still challenging for the end of 2023.
Popular crypto YouTuber Jake Gagain recently voiced his opinions on when the bull market would start and how several meme coins are poised to dominate the market when that happens. Specifically, he seemed most bullish on Shiba Inu (SHIB), asserting that SHIB would topple the biggest meme coin by market cap, Dogecoin (DOGE).
Bitcoin (CRYPTO: BTC) was consolidating during Friday's 24-hour trading session after the Personal Consumption Expenditure (PCE) Price Index report showed core PCE for August cooled to its lowest point since September 2021. Ethereum and Dogecoin were trading slightly stronger than Bitcoin, rising above Thursday's high-of-day, while Bitcoin formed an inside bar pattern.
Bulls are trying to hold the gained initiative, according to CoinSats.
Crypto bulls are attempting a comeback. Here are the altcoins that traders are keeping an eye on.
Throughout 2022, Dogecoin (CRYPTO: DOGE) has experienced a gradual decline, interrupted only by a few sporadic spikes primarily triggered by tweets from renowned entrepreneur Elon Musk , a vocal supporter of the popular meme-based cryptocurrency. What Happened: Yet, amid its ups and downs, Dogecoin hit a significant milestone in May 2015 when its price briefly plummeted to $0.0000869, the lowest level since its creation.
In a recent turn of events, the cryptocurrency market is once again capturing the attention of investors and enthusiasts alike. Dogecoin, the renowned “meme coin,” is at the forefront of this resurgence, driven by renewed optimism across the market.
