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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 (BTC) volatility has increased over the past few days. The price soared on Aug. 29 after Grayscale scored a victory over the United States Securities and Exchange Commission (SEC). However, the euphoria was short-lived as the price gave back all the recent gains on the news that the SEC delayed the decision on all seven spot Bitcoin exchange-traded fund applications.  News related to Bitcoin ETFs has been the major trigger for the markets in the past few days. Bloomberg ETF analysts remain upbeat over the possibility of the ETFs being approved by the regulator in 2023. In an Aug. 30 post of X (formerly Twitter), Bloomberg senior ETF analyst Eric Balchunas bumped up the approval possibility of a spot Bitcoin ETF from 65% to 75%. Daily cryptocurrency market performance. Source: Coin360 In the near ...

Dogecoin (DOGE) took a backseat recently when the memecoin spotlight was usurped by Pepe Coin (PEPE) upon its launch in April. However, PEPE has since undergone corrections, as the token’s price and liquidity seem to be spiraling downwards. DOGE, the original memecoin, now has a chance to be the top memecoin in the block once again. Dogecoin ’s (DOGE) performance, however, has been lackluster in the last couple of weeks. Although the asset has gained 1.3% in the last 24 hours, it is still down 6.9% in the 14-day charts. Additionally, since January 1, DOGE has rallied only 3.7%. On the other hand, DOGE’s biggest rival Shiba Inu (SHIB) has rallied 9.14% in the same time frame. DOGE is currently showing a bearish trend in the daily chart. Prices seem to be consolidating around the $0.07 level as of now. DOGE currently faces resistance at $0.08285, with support at $0.06604. If Dogecoin has to flip its current trend, it would need to close somewhere around $0.090. However going by the ...

- Advertisement - Elon Musk sparks another DOGE rally, but Bitcoin maximalists are not pleased. - Advertisement - Dogecoin (DOGE) has surged to the spotlight again thanks to another one of Elon Musk’s Twitter antics. In an unexpected stunt, the Twitter chief briefly swapped Twitter’s blue bird mascot with the famous Shiba Inu logo of the DOGE cryptocurrency. It led the memecoin to surge as high as 35% in a few hours. However, not all were enthused by the billionaire’s actions. Head of programs at Bitcoin Magazine Alex McShane, reacting to the stunt, took a shot at Musk, slamming DOGE as an unregistered security and a shitcoin. Pumping centralized unregistered securities again @elonmusk ? Bitcoin > shitcoin. pic.twitter.com/gumDFYzjx8 — McShane (@mcshane_writes) April 3, 2023 McShane’s comments elicited a lot of flak from the DOGE community, including from the memecoin’s co-creator. Billy Markus Responds  As highlighted above, Dogecoin co-cre...

Bitcoin has risen above $25,000 and if bulls flip this level into support during the next pullback, it will signal the start of a new up-move to $32,000. After a recovery on March 16, the United States equities markets are again down on March 17. Investors remain concerned about the vulnerability of the banks in the U.S. and Europe. A silver lining for cryptocurrency investors is that Bitcoin (BTC) has remained decoupled with the equities markets and has risen to its highest level since Jan. 12. Galaxy Digital founder and CEO Michael Novogratz said in an interview with CNBC that the US and the globe will face a credit crunch as banks lend less to rebuild capital. He said investors should be long on Bitcoin and crypto because these are the times for which it was created. Daily cryptocurrency market performance. Source: Coin360 Quantitative tightening seems to be giving way to a period of quantitative easing. The banks have already borrowed $150 billion from the Federal Reserve, which i...

Dogecoin is hovering around $0.07 and is away from the goal that its investors want to see it reach i.e $1. The meme coin touched an all-time high of $0.73 in May 2021 and is now slipping further away from $1. DOGE’s hype fizzled out in 2022, due to the cryptocurrency market crash and even Tesla CEO Elon Musk’s tweets and statements about the coin are doing nothing to help it scale up in the indices. However, DOGE investors are firm in their belief that it could hit $1 someday in the future. In this article, we will highlight if Dogecoin can cross $1 by 2030 or not. Also Read: Dogecoin: The Rise From Meme to Millions Will Dogecoin Reach $1 By 2030? Source: Analytics Insight Dogecoin will have a hard time sustainably scaling up in the indices and reaching the $1 mark. The asset has no use cases in the real world with a few businesses accepting it as payments for transactions. A group of cryptocurrency experts from the Finder’s panel recently updated their price predic...

February has been a positive month for most cryptocurrency assets. Even though some action was witnessed mid-month, Bitcoin failed the $25k re-test and has stagnated around $23k–$24k since then. As a result, most top assets have also been consolidating of late. The tale is completely different for HEX . On the daily, it noted an appreciation of around 10%, and as a result, it was one of the top gainers on Monday. In fact, the price of HEX has increased by more than 155% since the beginning of this month. For comparison, let’s check out how Dogecoin has fared so far in February. As illustrated below, the largest meme coin has shed 16% in the same timeframe. In fact, after noting an approximate 1% decline on the day, it was trading in the red at $0.081 at press time. HEX ’s landscape was characterized by strength on Monday, with its price hovering above all crucial EMAs. In addition, buying momentum was seen picking up, and the RSI was on the verge of crossing abov...

The US dollar’s rise has put brakes on Bitcoin’s price recovery, but lower levels are likely to attract buyers for BTC and altcoins such as DOGE. The United States dollar index (DXY) has started a strong recovery and its rise is putting pressure on Bitcoin (BTC) and the S&P 500 (SPX) index. The market participants will be keenly watching for any insights on future rate hikes when the Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Washington on Feb. 7. Meanwhile, Bitcoin’s 43% rebound in January has improved sentiment among small investors. Crypto analytics firm Santiment said that the number of Bitcoin addresses holding 0.1 Bitcoin or less soared by 620,000 to hit 39.8 million, the highest level since Nov. 19. Daily cryptocurrency market performance. Source: Coin360 With the sentiment turning positive, traders usually buy the dips as they anticipate the uptrend to continue. However, some analysts believe that the dip buyers will get trapped and Bitcoin m...