Features TheBitTimes.com

Bitcoin and altcoins perked up today, but is this rally nothing more than an oversold bounce? When the markets are trending, traders should be active if they want to earn money. On the other hand, in a ranging market, it is better to wait on the sidelines with patience, or else traders may lose money due to choppy random moves in either direction. Bitcoin’s (BTC) sideways price action since the sharp fall on Aug. 17 shows that the bulls and the bears are unsure about the next directional move. Therefore, it is better to wait for the breakout to happen before waging large bets. Daily cryptocurrency market performance. Source: Coin360 In the short term, institutional traders also seem to be taking a cautious approach. A CoinShares report showed an outflow of $55 million from digital asset investment products for the week of Sept. 13. What are the important support and resistance levels that need to be crossed for a trending move to start in Bitcoin and altcoins? Let’s study the charts ...

Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players. The United States equities markets rallied sharply on June 2 even though the nonfarm payrolls in May rose 339,000, blowing past economists’ expectations of a 190,000 increase. A few analysts pointed out that the market was possibly encouraged by the slower growth rate of hourly earnings which was slightly below estimates and an uptick in the unemployment rate. The rally in the equities markets failed to act as a tailwind to the cryptocurrency markets, which remain stuck in a range. Galaxy Digital CEO Mike Novogratz said in an interview with CNBC that the lack of enthusiasm in the crypto markets was due to absence of institutional buying. Daily cryptocurrency market performance. Source: Coin360 Bitcoin’s (BTC) historical performance in June does not give a clear advantage either to the bulls or the bears. According to CoinGlass data, between 2013 and 2022, ...

Concerning news from Silvergate Bank and FTX may have influenced investors’ decision to press the sell button, but the potential for further downside could be limited. Bitcoin (BTC) is leading the cryptocurrency Markets lower and the matter is being exacerbated by Silvergate Banks' ongoing issues. This week the cryptocurrency-focused bank said that it needed additional time to file its annual 10-K report and warned that it may not be able to operate for another 12 months. Reacting to this news, several cryptocurrency companies announced that they were reducing or canceling their partnerships with Silvergate Bank.  The uncertainty regarding the future of the bank and its overall impact on the cryptocurrency sector may have caused a knee-jerk reaction. However, if the contagion does not spread, the downside may be limited. Daily cryptocurrency market performance. Source: Coin360 Another positive for the cryptocurrency markets is that the United States equities markets are attemptin...

Dogecoin has paved the path for the current growth of the meme coin realm. The initial meme coin movement was triggered by DOGE, which was followed by other meme coins, including Shiba Inu. But Dogecoin really took off when Tesla CEO Elon Musk began embracing it and began tweeting about it. Since then, the price of DOGE has risen with each positive tweet from Musk. However, the bear market of 2022 had its repercussions on the whole cryptocurrency market, including Dogecoin . Read more: Cardano – ADA Drops Valentine’s Day Bomb with its New Upgrade It all flipped when Elon Musk bought Twitter. Dogecoin rallied over 100% after the acquisition of Twitter, hoping that Musk would integrate it into Twitter. Source: PYMNTS.com Can Elon Musk save Dogecoin? The anticipation of making Dogecoin a part of Twitter has been in the air ever since Musk-Twitter’s acquisition. But months down the line, there haven’t been any updates from Musk regarding DOGE. Is Musk waiting for a ...

Dogecoin (DOGE), the original memecoin, witnessed a 5.4% gain in the 24-hour charts. The popular canine-themed crypto slumped over the last few weeks. Before reaching a peak of $0.10 on December 5, DOGE was trading at about $0.08 on November 23. However, it is undergoing correction at press time. Source: Coingecko Moreover, Elon Musk’s announcement that he will step down as Twitter’s boss had additional effects on Dogecoin . Many were worried that the plan to incorporate DOGE into Twitter was off the table with Musk’s exit. However, there is no official word on this front. Why is Dogecoin rallying? DOGE’s latest 5.4% gain comes hot on the heels of a new exchange listing. Yesterday, the popular crypto exchange Bitstamp announced that its had listed the popular memecoin. New listings usually mean more investors have access to the token. The rally could be a reaction to Bitstamp’s inclusion of DOGE. We’ve listed $DOGE ( Dogecoin ) for our ...