Dogecoin price dumps
Although Dogecoin’s futures volume tripled, the recent 42% Dogecoin price dumps appear to be entirely retail-driven. Most recently, DOGE pulled off a 10x gain as it rallied to $0.74 in the past week. The breakout was fueled mainly by Tesla CEO Elon Musk and his constant mentions of the token on social networks and interviews.
BTC could revisit $50,000 as the technical picture weakens
Bitcoin has recently closed the gap toward $60,000. However, a monthly high formed at $59,612 cut short the bullish advances. Perhaps due to exhaustion in the bullish camp, a correction came to the picture. The retreat occurred in tandem with other crypto assets like Ethereum’s drop from $4,216 to under $3,800.
Mark Zuckerberg Hints at Being Bitcoiner, Reviving Facebook Rumors
Facebook CEO Mark Zuckerberg has named his goats “Max” and “Bitcoin,” according to his recent post. SkyBridge founder Anthony Scaramucci welcomed Zuckerberg to the Bitcoin community in his tweet. Some went as far as joking that the fifth richest person could be becoming a Bitcoin maximalist since it’s now the G.O.A.T.
Buying Litecoin Now Is Like “2020 Ethereum”
Litecoin is in scintillating form of late, having posted a new all-time high of $410 in the early hours. After months of stuttering, LTC finally joined the likes of BTC and ETH in reaching that milestone moment during this bull run. With that, the bull case is building. Some suggest this is just the beginning, with more upside for Litecoin on the way. This is especially applicable as the Mimblewimble upgrade draws closer to rollout.
ETH causes mayhem amid sharp drop under $4,000
Ethereum surprised many in the cryptocurrency market when it rallied above $4,000. It was a song and dance for investors who have been patient with the pioneer smart contract token. An all-time high was formed at $4,216, allowing bulls to shift the focus to $5,000. However, the bullish momentum began fizzling out, leaving ETH with few options.