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“# Price analysis 6/23: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” Bitcoin (BTC) dropped below $30,000 on June 22, which may be a final sign of capitulation. Data from Skew suggests that if Bitcoin’s price does not recover sharply in the next few days, the decline in the current quarter could…
“# Crypto market cap recovers $76B, altcoins rally after Bitcoin hits $34K ” Cryptocurrency traders received a reprieve from bearish market conditions on June 23 as Bitcoin’s (BTC) brief recovery to $34,880 triggered a rally in altcoins and hope that a wider market recovery will occur if the path laid out by the Wyckoff distribution model…
“# ‘Say something, Elon Musk!’ Dogecoin sheds $70B in market cap since SNL ” Dogecoin (DOGE), Elon Musk’s pet favorite cryptocurrency, has shed tens of billions of dollars in value since he publicly plugged it on mainstream TV. As sources noted this week, the meme-based altcoin’s market cap is now $69 billion down versus where it…
“# Price analysis 6/21: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” In a bearish environment, traders latch on to every bit of negative news and make that a an excuse to sell. Bitcoin (BTC) dropped over $1,000 within a few minutes as news hit the stands that the third-largest Chinese bank,…
“# DOGE dumps as Dogecoin-sponsored NASCAR driver crashes ” A Dogecoin-donned race car hit a wall in spectacular fashion over the weekend as DOGE fared much the same in the markets. Saturday’s National Association for Stock Car Auto Racing (NASCAR) Xfinity Series Race in Nashville ended in disaster for the Dogecoin sponsored car, with the…
“# Minneapolis Fed President Neel Kashkari calls DOGE a ponzi ” Federal Reserve Bank of Minneaopolis President Neel Kashkari took a jab at Dogecoin (DOGE) last week by referring to the meme coin as a ponzi, upping his rhetoric against cryptocurrencies. Kashkari’s comments were in response to a LinkedIn poll by Paul Grewal, the chief…
“# Texas crypto users will soon be able to buy and sell tokens at major supermarket chain ” Shoppers wanting to cash out their crypto holdings to buy groceries may soon be able to do so at many H-E-B supermarkets in Texas. According to a Friday report from the Houston Chronicle, crypto ATM firm Coin…
“# Price analysis 6/18: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH ” The U.S. Federal Reserve updated their inflation expectations for this year from 2.4% in March to 3.4% in their latest meeting that concluded on June 16. To tame inflation, the Fed plans to undertake two rate hikes before the end…
“# Even Elon Musk can’t save Dogecoin from crashing another 60%, analyst asserts ” If one looks at Dogecoin (DOGE) charts from the point of view of a financial chartist, he/she will notice an alarming presence of a classic bearish structure. For instance, pseudonymous analyst Tyler Durden highlighted what appears to be a “Head and…
“# Has the Doge had its day? Dogecoin interest cools ” Dogecoin (DOGE) hogged the spotlight on a tightly crowded stage throughout most of 2021, as Bitcoin (BTC) and the wider cryptocurrency market climbed to new all-time highs. Fueled by the social media flirtation of an eccentric billionaire, and the coordinated efforts of strategic Reddit…