Bitcoin and several major altcoins continue to show weakness, but a few data points do favor bulls in the short-term. Bitcoin (BTC) has been trading between $25,333 and $26,156 since Sep. 1. Typically, a volatility squeeze is followed by an expansion in volatility but it is difficult to predict the direction of the breakout with…
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After six consecutive days of trading in the red, dogecoin rose higher on Tuesday, after bouncing at a key price floor. The meme coin was a notable gainer in today’s session, despite market sentiment mostly tracking lower. Polygon was also in the green, extending recent gains in the process. Dogecoin (DOGE) Dogecoin ended a six-day…
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Bitcoin price is range-bound but several major altcoins such as XRP are showing signs of a potential breakdown. The United States’ equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls…
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The upcoming biography of Elon Musk, set to be published on September 12, is shedding light on some previously unknown facets of the billionaire’s involvement in the crypto and especially Dogecoin world. According to a report by the Wall Street Journal, the biography discloses that Musk has been discreetly funding the development of Dogecoin. The…
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A biography of billionaire investor Elon Musk reveals details about his involvement in the Dogecoin project and an idea to launch a social media platform based on blockchain. The book, which should be available later this month, also mentions a failed attempt by former crypto mogul Sam Bankman-Fried to help Musk’s acquisition of Twitter. Elon…
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Bitcoin and most altcoins gave back the entirety of their gains shortly after the SEC decided to delay issuing a decision on all of the recently filed spot Bitcoin ETF applications. Bitcoin’s volatility has increased over the past few days. The price soared on Aug. 29 after Grayscale scored a victory over the United States Securities…
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Dogecoin stayed close to a two-week high on Thursday, as markets rebounded from a slight sell-off during yesterday’s session. Traders moved to secure profits over the last 24 hours, following strong gains on Tuesday. Solana neared a drop below $20. Dogecoin (DOGE) Dogecoin (DOGE) remained close to a multi-week high during today’s session, as bulls…
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Bitcoin and altcoins are struggling to hold the gains accrued earlier this week, a potential sign that the price breakout was just a response to Grayscale’s victory over the SEC. Bitcoin led the cryptocurrency markets higher on Aug. 29 following Grayscale’s victory in the lawsuit against the United States Securities and Exchange Commission. However, the rally…
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Dogecoin is showing positive signs above the $0.0642 level against the US Dollar. DOGE could continue to rise if it stays above the $0.0606 support. DOGE started a decent increase above the $0.0642 resistance against the US dollar. The price is trading above the $0.065 level and the 100 simple moving average (4 hours). There…
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Bitcoin and altcoins lose more ground after comments from the Federal Reserve suggest that the regime of interest rate hikes could continue into 2024. Federal Reserve Chair Jerome Powell spoke today and in his Jackson Hole speech he cautioned that inflation remains too high and that the central bank remains open to raising rates further if needed.…
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