Doge

Dogecoin Madness and EOS Skyrockets 30%: The Daily Market Watch

Bitcoin tried its hand at tapping $24,500 but took a sudden turn that pushed it south by almost $1,000. More 24-hour scale volatility came from Dogecoin. EOS, on the other hand, has skyrocketed by nearly 30% in the same timeframe. DOGE Volatile, EOS Soars The altcoins traded calmly yesterday, but several went on a volatile…

Bitcoin tried its hand at tapping $24,500 but took a sudden turn that pushed it south by almost $1,000.

More 24-hour scale volatility came from Dogecoin. EOS, on the other hand, has skyrocketed by nearly 30% in the same timeframe.

DOGE Volatile, EOS Soars

The altcoins traded calmly yesterday, but several went on a volatile roller-coaster. Dogecoin is a prime example. The OG memecoin jumped from under $0.8 to a multi-week high at $0.92 in a matter of hours (on Binance). Then, it retraced just as sharply and now stands below $0.85.

EOS is the best performer from the mid-cap alts. The asset has skyrocketed by nearly 30% in a day. As a result, it soared above $1.6, which became a 3-month high.

Looking at a 24-hour scale, most larger-cap alts sit stagnant as well. Aside from a few brief fluctuations, ETH, BNB, ADA, XRP, and SOL have all remained at essentially the same price they were yesterday.

Shiba Inu, Avalanche, and MATIC, on the other hand, have marked insignificant declines.

Tezos is another impressive performer as XTZ is up by over 8% in a day and sits close to $2.

The crypto market cap also stands still now at $1.150 trillion after getting rejected at $1.2 trillion a few days back.

Cryptocurrency Market Overview. Source: Quantify Crypto

Industry News

According to Chainalysis, crypto-related crimes have taken a sharp decline in the past several months due to the decreasing market prices.

The SEC went after another crypto project – Dragonchain – for allegedly selling unregistered securities.

Coinbase said it will stop ETH deposits and withdrawals during the Merge, which should take place in the next month or so.

Bitcoin Drops Below $24K

The price of the primary cryptocurrency jumped during the weekend to a new two-month high above $25,200. This came after a previous push to $25,000, but both resulted in sharp rejections.

After the second, BTC found itself slipping below $24,000 after a $1,000 price dump. It spent most of the next few days there but initiated a leg up in the past 24 hours.

The bulls drove it to an intraday high of just under $24,500. However, another sharp price drop followed, and bitcoin slumped beneath $24,000 once more, where it’s currently located.

Its market cap remains above $450 billion, but the dominance over the alts is down to a multi-month low beneath 40%.

Bitcoin News

By outlining several on-chain metrics, including the behavior of short-time holders, Glassnode suggested that BTC’s capitulation event had already taken place.

South Korean authorities went after local banks for participating in Bitcoin trading and kimchi premium worth over $6.5 billion.

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Doge

DOGE Soars 6 Percent, BTC Stuck At $17K Despite Low Trading Volumes (WeekendWatch)

Because it happens on weekends, trading volumes have dropped, which means that there are very few price movements for BTC. Most altcoins have a similar situation, with some exceptions. Dogecoin is one of them after a 6% daily rise. Bitcoin Boring at $17K Last weekend was quite dull in terms of price actions, and BTC…

Because it happens on weekends, trading volumes have dropped, which means that there are very few price movements for BTC.

Most altcoins have a similar situation, with some exceptions. Dogecoin is one of them after a 6% daily rise.

Bitcoin Boring at $17K

Last weekend was quite dull in terms of price actions, and BTC spent most of it around $16,500. Monday started with a price drop towards $16,000, but the bulls intercepted the move and didn’t allow any further declines.

More volatility was to be expected mid-week, when Jerome Powell, the US Fed Chair, announced the latest interest rates hike and the country’s employment report on Friday.

However, both events didn’t offer much price action , like previous occasions. Bitcoin remained relatively calm at around $17,000, except for a price pump above that level to chart a two-week high.

As the current weekend approached and arrived, BTC stood at $17,000 and has remained there. The trading volumes are down once more. Bitcoin’s market cap is still under $330 billion, while its dominance over the alts is at 38.3%.

DOGE Jumps 6 %

Most altcoins are following BTC’s weekend performance, but with very few substantial movements.

Ethereum has lost around 1% of value in the past 24 hours and has dumped towards $1,250. Binance Coin and Ripple, Cardano. Polygon. Polkadot. Shiba Inu. Litecoin are all at the same level as yesterday.

Dogecoin, the only exception to the larger-cap alts, is up by 6%. The OG memecoin trades at $0.1 and is up by 6% per day.

CELO and NEXO have also gained impressive percentages daily, up by 16% and 10%, respectively.

Overall, though, the crypto market cap has remained at the same place at $855 billion on CoinMarketCap.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. This information does not reflect the views of CryptoPotato about whether to invest in, sell or hold investments. Before making any investment decision, you are strongly advised to do your own research. You are responsible for any use of the information. For more information, please refer to Disclaimer.

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Doge

Dogecoin jumps 9%, Fantom explodes 15% (MarketWatch)

Bitcoin dipped to $16,000 yesterday for the first time in about a week but bounced off and recovered a few hundred dollars. Some altcoins outperformed BTC though, such as Dogecoin and Litecoin. Bitcoin Touched $16K Last week saw a violent price drop from bitcoin that drove it from $16,500 to a two-year low of $15,500…

Bitcoin dipped to $16,000 yesterday for the first time in about a week but bounced off and recovered a few hundred dollars.

Some altcoins outperformed BTC though, such as Dogecoin and Litecoin.

Bitcoin Touched $16K

Last week saw a violent price drop from bitcoin that drove it from $16,500 to a two-year low of $15,500 in a few days. BTC was pushed north by the bulls who reacted to this fall. The asset jumped above $16,000, and even tried to challenge $17,000 by the end of the working week but to no avail.

The weekend was marked by a lack of volatility. Similar to the previous one, bitcoin calmed and stood around $16,500 for almost all of it.

The situation changed on Monday when the cryptocurrency dipped toward $16,000 and eventually touched that round-numbered line as reports claimed that minors are close to capitulating.

BTC reacted well at this point, though, and bounced off to its current level of approximately $16,500. This came amid on-chain analysis suggesting that smaller bitcoin investors had accumulated massive portions following the FTX saga.

FTM and DOGE, LTC Stand out

The alternative coins went through some notable price drops yesterday, especially Solana, Binance Coin, and Litecoin. However, the landscape is quite different now.

After dropping by 6% 24 hours ago, LTC has jumped by 6.6% now and trades above $75. Remember that LTC reached a six month peak last week.

BNB has reclaimed $300 following a 3% increase on the day. Cardano and Polkadot, Cardano, Polygon and Shiba Inu are all slightly greener than the larger-cap alts.

Dogecoin is the best performer from the top 10. DOGE has risen 8.5% to $0.1.

Fantom’s native token has soared the most from the top 100. FTM has added approximately 15% of value in a day and trades north of $0.2.

The crypto market cap has regained $15 billion since yesterday and stands at $835 billion now.

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