Why Bitcoin, Ethereum, and Dogecoin Are Falling Today?đ€€đ€ The world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), traded nearly 3% lower. In comparison, the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH), and the meme token Dogecoin (CRYPTO: DOGE) both fell 5.8%.
Dogecoin (DOGE) adds another zero đŹđ„± The market has recently seen Dogecoin dropping below the important $0.10 level, which raised concerns among its holders about whether it will be able to recover. The decline in DOGE's value was accompanied by low trading volumes, suggesting that investors now lack buying interest, which makes a bounce back seem unlikely. Besides, a potential death cross between the 200-day and 50-day EMAs may signal an even more severe correction ahead. The inability to hold above the $0.10 price mark and the lack of support from the larger market environment are worrying signs for those favoring the dog-themed coin. In general, Dogecoin's technical indicators point to continued bearish momentum, unless there is a renewed surge in interest or an endorsement from renowned crypto influencers.
Crypto Analyst Says This Is 'The Moment' for Bitcoin What Does It Mean?
Bitcoin has been underperforming lately, falling short of the high expectations set by many in the market. The past few weeks have been especially tough, with Bitcoin's price dropping 8.2% in the last seven days and 5.4% over the past 20 days. These declines have left many short-term holders facing losses.
1. India: 100 million owners 2. USA: 46 million owners 3. Pakistan: 27 million owners 4. Nigeria: 25 million owners 5. Brazil: 22 million owners 6. Vietnam: 21 million owners 7. Turkey: 20 million owners 8. Russia: 17 million owners 9. Mexico: 16 million owners 10. Germany: 14 million owners
Bitcoin Usually Suffers in September But 'Uptober' Is Right Around the Cornerđ Bitcoin's price has been historically weak this month, mirroring Wall Street's "September Effect." But brighter days are on the horizon.
3 Crypto to Sell Now to Prevent Bear Market Losses With a spike in crypto market volatility, here are 3 top crypto to sell as investors rush to protect their portfolio from further downside.
Nonfarm payroll data on Friday could positively or negatively influence the crypto asset prices. AVAX, GALA, and ATOM are cryptos to sell as prices signal the potential for double-digit percentage losses. Indicators show money is flowing out of ATOM, and the price may drop lower.
In a single day, $1.05 trillion was wiped out of the US stock market. This decline represents one of the largest of any single day in recent times and also reflects a mix of unsatisfactory economic data and huge struggles among major companies.
September's Bitcoin crash? Not so fast surprising ETF inflows, shrinking sell-offs and bullish regulations could flip script.
September is considered one of the worst months for the cryptocurrency market and Bitcoin in particular. The average profitability of BTC is -6.18% and the median is -4.43%. Historical trends are rarely reliable for cryptocurrencies, but considering the fact that Bitcoin is a $1.2 trillion asset with over 11 years of trading on the exchange, its price history is something to rely on.
Dogecoin (DOGE) Could Hit $1.72 By End of The Year. Dogecoin, the meme coin cryptocurrency that began as a joke, has steadily proven that itâs no laughing matter. Following its meteoric rise in 2021, Dogecoin has attracted serious attention from investors and enthusiasts alike.
While DOGEâs price remains highly volatile, market analysts predict that Dogecoin could reach $1.72 by the end of the year. This projection is fueled by its strong community support, increasing payment adoption, and the high price correlation with Bitcoin, which currently stands at 0.95.
Moreover, the concentration of large holders at 62% underscores the confidence among major investors. Although Dogecoinâs short-term outlook is bearish, with a current price of $0.1054 and a 14-day RSI indicating neutral market conditions, its long-term potential remains robust.
Shiba Inu (SHIB), a popular meme coin, has seen an impressive 77% growth this past year. Positive trends in the market are fueling excitement among investors about potential significant gains. Despite occasional dips in the broader market, SHIB is performing notably well compared to its peers. This upward trajectory indicates a potentially profitable period ahead for those investing in SHIB.
Shiba Inu price has soared alongside a broader uptick in meme coins like PEPE, WIF, BONK, FLOKI, and BRETT. Despite the marketâs recent dips, this revival in interest for meme coins is apparent. Measures like the Shibburn and advances in Shibarium suggest Shiba Inu may see further price increases soon.
Shiba Inu is set to introduce its own DAO, designed to grant SHIB holders increased influence over the projectâs trajectory. The DAO aims to keep the project true to its foundational principles.
Bitcoin rally helps create more than 84,000 new crypto billionaires in a year. The population of crypto millionaires in the world soared 95% over the past year, as bitcoin ETFs and other crypto assets climbed, according to a new report. There are now 172,300 individuals worldwide holding more than $1 million in crypto assets, according to a report from New World Wealth and Henley & Partners. The number of pure bitcoin millionaires more than doubled, to 85,400. The surge reflects the rapid growth of bitcoin ETFs, which now have more than $50 billion in assets since their launch in January.
The population of crypto millionaires in the world soared 95% over the past year as bitcoin exchange-traded funds and other crypto assets climbed, according to a new report.
There are now 172,300 individuals worldwide holding more than $1 million in crypto assets, up from 88,200 last year, according to a report from New World Wealth and Henley & Partners. The number of pure bitcoin millionaires more than doubled, to 85,400.
Shiba Inu is getting closer to the 26-day Exponential Moving Average (EMA), which presents a serious obstacle. At this critical technical level, SHIB is going to face a massive 500 trillion SHIB battle, according to data from IntoTheBlock.
This might be a pivotal time for the cryptocurrency since a break through this resistance could open the door to a bullish reversal, but a failure to do so could result in a significant price decline.