Dogecoin liquidations briefly surpassed Bitcoin, indicating high demand for DOGE and the altcoin market. Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. Various trends and metrics, such…
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Bitcoin price continues to come under pressure from sellers while Ether and BNB are attempting to buck the trend. As Bitcoin price crashed below $50,000, mainstream media highlighted that the selling across the market could have been triggered by reports that the Biden administration proposed increasing the capital gains tax to 39.6% from the current…
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A weakening Bitcoin presence could give altcoins the moonshot they have waited for for three years. Bitcoin (BTC) revisited recent lows near $52,000 on Thursday as sustained weakness continued for the largest cryptocurrency. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders await altcoin “magic” Cointelegraph Markets Pro and TradingView revealed a lackluster day for BTC traders…
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On-chain indicators are simply too bullish to permit a deeper price plunge, analysts argue, with Bitcoin set to remain a trillion-dollar asset. Bitcoin (BTC) is seeing a tsunami of new user adoption as a backdrop to prices likely bottoming at around $52,000, say analysts. In a series of tweets on Tuesday, statistician Willy Woo led calls for…
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Since Slim Jim began furiously promoting Dogecoin on Twitter in February, the number of followers on its account has quintupled. United States-based meat snack Slim Jim is the latest food brand to jump into the crypto space by promoting the meme-centric cryptocurrency Dogecoin. In a tweet today, Slim Jim announced it was launching its own…
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Dogecoin’s price has rallied more than 500% in the last 10 days, resulting in a $50 billion market cap that eclipses ING, Barclays and Credit Agricole. The last 10 days have been nothing short of impressive for Dogecoin (DOGE), which rallied by more than 500% to a new all-time high at $0.45. Even after a…
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Milky Way’s Twitter account also joined in on promoting the meme-based cryptocurrency. Snickers, the chocolate bar sold around the world for more than 90 years, is getting into the crypto space by promoting the meme-based cryptocurrency Dogecoin. In a tweet today, Snickers posted an image of the Dogecoin (DOGE) Shiba Inu dog atop the message…
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After the initial oversold bounce, traders are struggling to sustain the momentum of the relief rally in Bitcoin and most altcoins, a signal that selling could intensify at higher levels. During strong uptrends, the best practice is to buy on significant dips as profits are produced when the price quickly rebounds from oversold conditions. This…
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“Dogecoin Day 4/20” and a SpaceX rocket launch are two events fuelling DOGE/USD as year-to-date gains pass 7,500%. Bitcoin (BTC) may be flagging, but one cryptocurrency could not be less fazed by the market downturn, hitting new all-time highs. Dogecoin (DOGE), the altcoin based on a Shiba Inu meme, passed $0.40 for the first time…
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The subreddits for Dogecoin and CryptoCurrency added a combined 232,697 subscribers last week, far outpacing the growth of all other communities. With much of the market fixated on Bitcoin’s (BTC) sudden price correction over the weekend, retail interest in digital assets appears to be on the rise, according to the latest statistics from Reddit. The…
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