Dogecoin jumps 44% in one day as traders rotate Shiba Inu profits into DOGE
The DOGE price rally appeared after Shiba Inu briefly flipped Dogecoin to become the ninth-largest cryptocurrency by market cap. Go to Source Powered by WPeMatico
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The DOGE price rally appeared after Shiba Inu briefly flipped Dogecoin to become the ninth-largest cryptocurrency by market cap. Go to Source Powered by WPeMatico
In comparison, Dogecoin’s October gains so far came out to be a little over 8%. Go to Source Powered by WPeMatico
During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in stablecoins but the top five collectively represent 94.40% of that total. While the largest stablecoin in terms of market cap increased by 2% over the … Read more
The U.S. dollar index reached its lowest levels in three weeks on Tuesday, triggering the Rising Wedge pattern. Go to Source Powered by WPeMatico
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and the country’s 10-year Treasury yields slid in value this past week. An ounce of fine gold exchanged hands this weekend for $1,760 per unit, up … Read more
Rising jobless claims in the U.S. sparked selloffs in the dollar market. On the other hand, Bitcoin held onto its intraday gains. Go to Source Powered by WPeMatico
U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased. … Read more
Safe-haven rivals move inversely to one another in a quarter mired by mixed inflation reports, Elon Musk FUD, and a suddenly hawkish Federal Reserve. Go to Source Powered by WPeMatico
The U.S. dollar index recorded its best daily performance in almost nine months just as the BTC/USD exchange rate fell following Elon Musk’s cryptic tweet. Go to Source Powered by WPeMatico
Long-term Bitcoin holders remain unfazed by the recent sell-off, but there is still one alarming sign. Go to Source Powered by WPeMatico