What’s Driving Dogecoin’s Strong Rise Today? Get Instant 10

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What’s Driving Dogecoin’s Strong Rise Today?
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Dogecoin (DOGE) Fails Bullish Expectations as Whales Sell

Dogecoin (DOGE) Fails Bullish Expectations as Whales Sell Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ Dogecoin’s price is bound to witness a drawdown as the meme coin fails the bullish triangle pattern. DOGE whales have sold nearly $50 million worth of holdings in the span of a little over a week. The participation continues to decline, with the active address ratio falling to less than 1% at the time of writing. Dogecoin’s (DOGE) price is dropping despite the rest of the meme coins experiencing growth these past few days. The meme coin is facing selling from its whales and very low investor participation, which might be a bane for DOGE. Dogecoin’s price has already failed a potential bullish outcome and could now continue slipping down that path. This is because the whale addresses are opting to sell their holdings to secure whatever profit they have and minimize their losses. The addresses holding between 10 million and 100 million DOGE have sold off over 300 million in the past week. This supply worth nearly $50 million has brought their total holdings down to 17.36 billion DOGE. But in addition to the whales selling, the retail investors also see little incentive in the asset. This is visible in their participation, or more accurately, in the lack thereof. #DOGE #Dogecoin #Bitcoin #Memecoin $DOGE

Bitcoin (BTC) Price Hits $70000, Here’s Why

Bitcoin (BTC) Price Hits $70000, Here’s Why Claim Instant $200 USD Worth of 200,000 DUNKI MUNKI Memecoins Free On WWW.DUNKIMUNKI.XYZ Bitcoin price hits $70,000 as the US job market cools and futures sentiment turns bullish, boosting optimism in the cryptocurrency market. HIGHLIGHTS Bitcoin price reaches $70,000 amid US labor market slowdown. JOLTS report shows job openings at a three-year low of 8.06 million. Positive Bitcoin futures sentiment indicates a bullish market outlook. The latest Job Openings and Labor Turnover Survey (JOLTS) report from the Bureau of Labor Statistics revealed a decline in job openings for the second consecutive month. With 8.06 million positions available in April, this figure represents a three-year low and falls below economist expectations of 8.36 million. Additionally, the ratio of available U.S jobs to unemployed workers dropped to 1.2, marking its lowest point since June 2021. While these figures suggest a potential slowdown in hiring, other labor market indicators remained relatively stable. The quits rate, reflecting voluntary job separations, held steady at 2.2% for the sixth month. Layoffs reached their lowest level since December 2022, dropping to 1.52 million in April. Analysts believe this ongoing stability in layoffs indicates continued positive net job growth, even with a slower hiring pace. The Federal Reserve (Fed) closely monitors these labor market developments as they gauge inflation. A moderation in demand, potentially signaled by the cooling job market, could pave the way for the Fed to consider interest rate cuts in the future. However, the central bank is likely waiting for further confirmation of slowing price hikes before taking such action. #BTC #Bitcoin #Bitcoin #Ethereum #BNBCrossing660 $BTC $ETH

Bitcoin Skyrockets to $71,000 Amid Market Uncertainties and Selling Pressures

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