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Bitcoin’s reluctance to give up ground has attracted strong buying in select altcoins. Bitcoin (BTC) price climbed by 15% last week and 10.45% the week before. The S&P 500 Index dropped 2.53% last week and 2.39% the week before. This shows that Bitcoin has decoupled from the S&P 500 Index in the short term and may chart its own course. However, the path higher may not be easy. The Federal Open Market Committee’s meeting on Nov. 1 may cause some volatility, but it will li be short-lived as no surprises are expected. CME’s FedWatch Tool projects a 98% probability that rates will remain unchanged. Daily cryptocurrency market performance. Source: Coin360 A large part of the gains in Bitcoin have been fuelled by expectations that the United States Securities and Exchange Commission will approve a spot Bitcoin exchange-traded fund in the near future. Any adverse news in this regard may prove to be a major setback for the bulls. When traders start chasing prices higher, it increases ...

Dogecoin (DOGE) officially went live in 2013 and became an instant sensation within the crypto and internet meme communities. Early investors have made millions with DOGE despite the token’s lackluster performance in the last two years. In December 2013, DOGE was trading for around $0.00058. However, it was not until February 2021 that DOGE witnessed its first price spike, reaching $0.072. By May of that year, DOGE’s price would skyrocket, hitting an all-time of $0.731. The price spike in 2021 represents a growth of about 126020.69% since its launch. Also Read: Shiba Inu vs. Dogecoin : Which Memecoin Will Reach $1 First? If you had put $100 into Dogecoin (DOGE) every week since December 2013, you would have invested $51,400 till now. However, the portfolio’s value would have grown to a whopping $5.58 million, a growth of 10,757.33%. Source: CryptoDCA However, if you had decided to sell when DOGE hit its all-time high in 2021, you’d have made an eye-...

Dogecoin has garnered significant attention and inspired the emergence of numerous other animal-themed coins in the crypto market. While early adopters and investors enjoyed considerable profits, the current situation for DOGE appears to be less favorable. Also read: Dogecoin Eyes $0.1 Milestone, What’s Hindering the Surge? Amidst the plunging prices, the Dogecoin community also has something else to worry about. A key DOGE developer, Mishaboar, has recently asked the DOGE community to stay cautious of the growing DOGE impersonators. Be extremely careful, # Dogecoin . Many tokens carrying the "Doge" name are being launched on several (new and old) chains in these days. These tokens have nothing in common with # Dogecoin and are created (sometimes with sizeable starting liquidity) by teams of scammers. 1/2 — Mishaboar (@mishaboar) August 2, 2023 Dogecoin dev asks users to stay cautious In a recent major alert to the Dogecoin community by Mishaboar, conce...

Bitcoin’s price consolidation is giving altcoin traders confidence that DOGE, MKR, OP and XDC could break out. Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher. Bitcoin’s consolidation has pulled its market dominance to 48% from over 50% on June 30. This shows that market participants have been gradually shifting their focus to select altcoins, which are starting to move up. Crypto market data daily view. Source: Coin360 However, an altcoin recovery is likely to remain in place only till Bitcoin shows strength. If Bitcoin turns down sharply, the possibility of a sell-off in altcoins remains high. While select altcoins provide trading opportunities, cryptocurrency traders should be careful and keep a close watch on Bitcoin’s price action. What are the important support and resistance levels ...

Bitcoin's failure to rebound off strong support levels increases the risk of a deeper correction that could also negatively impact altcoins. After failing to sustain above the resistance of its narrow range, Bitcoin (BTC) fell near a key support on July 18. The consolidation of the past few days seems to be an accumulation phase, according to Glassnode’s Bitcoin Accumulation Trend Score. A similar score was seen during the accumulation phases between November to December and again from March to April. According to CoinShares data, institutional investors continue to plow funds into digital asset investment products, which rose to $742 million in the past four weeks. Bitcoin continues to attract the lion’s share of the funds, with last week alone accounting for $140 million in inflows. Daily cryptocurrency market performance. Source: Coin360 Morgan Creek Capital chief investment officer and founder Mark Yusko said in an interview with Cointelegraph that Bitcoin’s fair value is $55,...

Dogecoin price hits a four-month high after rallying 30% in a day with Elon Musk and Twitter playing a central role in the DOGE craze once again. Dogecoin (DOGE) pared a portion of its massive daily gains on April 4 as investors speculated on the meaning behind Elon Musk's latest cryptic stunt. Elon Musk pumps Dogecoin by over 30% In what appears to be a late April Fool's joke, Musk-owned Twitter changed its official blue bird logo to mimic Dogecoin's symbol — a Shiba Inu dog featured in viral memes. Later, Musk tweeted a meme recognizing the change. pic.twitter.com/wmN5WxUhfQ — Elon Musk (@elonmusk) April 3, 2023 Over the years, Musk has historically influenced the Dogecoin market with his cryptic tweets. The billionaire investor calls himself "Dogefather" and has earlier discussed the prospects of adding a DOGE payment option for Twitter subscription services.  His other ventures, Tesla and SpaceX, already accept DOGE for its merchandise products. Dogecoin ro...

Did Elon Musk wake all the dormant Dogecoin wallets up? Earlier today, an ancient DOGE address that has been inactive for 9.1 years made big moves. The address entailed 2,043,137 DOGE worth $186,364. While this may not be a huge number, it caught the community’s attention for an array of reasons. One Twitter user pointed out that the address bagged gains worth $1.5 million following an investment of just $800. This move was linked to Elon Musk, as this whale address was activated after the Tesla CEO announced a payment system for Twitter. 💤 A dormant address containing 2,043,137 #DOGE (186,364 USD) has just been activated after 9.1 years!https://t.co/u8CyCqh1W5 — Whale Alert (@whale_alert) February 5, 2023 The rest of the Dogecoin community was busy speculating about the identity of the whale. A majority of them were inclined towards Musk. How high can Dogecoin go this month? This whale movement has made no difference to the price of Dogecoin . Howe...

January 2021 marked one of the most exciting times for a beloved crypto. Bitcoin toppled its 2017 high of $20,000 but it was not the topic of discussion. Dogecoin’s monthly return of 688% took the industry by surprise; suddenly, it was the only asset the general community cared about. Over the next few weeks, DOGE managed to build momentum reaching an all-time high of $0.74 cents. The bullish market helped, Elon Musk was the next big ‘crypto influencer’ and the ‘memecoin’ had everyone’s attention. Now, 730 days later, the industry is at the opposite end of the spectrum, and well Dogecoin is possibly one destructive cycle away from falling under $0.01. Unbelievable? Let us explain. There is no escaping the Dogecoin ‘Void’ We will break down this Analysis into two parts. Firstly, let us understand the price action for Dogecoin from a technical and trend perspective. At press time, Dogecoin rallied by roughly 10% in 2023. Pretty solid ...

After Tesla CEO Elon Musk revealed he had invested in the meme coin , Dogecoin enjoyed a meteoric rise in popularity in 2021. Last year, DOGE was the talk of the town and brought in millions of new investors to the cryptocurrency markets. In May 2021, the price of the meme coin soared to $0.73, leaving early investors sitting on sizable profits. Several investors who bought the coin when it was trading for less than one cent became millionaires overnight. However, after reaching its ATH, Dogecoin ’s price fell precipitously, never to rise again, even 19 months later. As per the data from CoinMarketCap, DOGE has spiked in value by 1.65% in the last 24 hours. DOGE is trading at $0.07839 at press time. Source: CoinMarketCap DOGE price analysis for December 18 CoinMarketCap data reveals that DOGE is trading at a $0.07755 support level on the hourly chart. DOGE has set the resistance at $0.07949. If DOGE is likely to continue on this trajectory, it is probably going to to...