Dogecoin Financial News

Dogecoin (DOGE) is pumping.

The original meme coin $DOGE has seen a resounding +10% recovery pump push price back above the 200DMA for the first time since April, now pundits are asking is it too late to buy Dogecoin?

cryptocurrency markets were trading in the red on Monday as the FOMC interest rate decision looms over crypto markets this week. Bitcoin (BTC) declined 0.42% to $29,793, whereas Ethereum (ETH) was below the 1,900 level. BTC volume stood at approximately $10 billion, rising 22.28% in the last 24 hours. «Bitcoin continues to trade below the $30000 mark at around $29780. The price of Bitcoin did not rise about $30000 over the weekend. This recent price decline could be because of the US SEC chair expressing disappointment with the defeat over XRP’s case and increasing selling pressure,» Edul Patel, Co-founder and CEO at Mudrex, said. «There could be little volatility this week as FOMC’s decision on interest-rate policy is due on Wednesday,» Edul added.

Ripple, last week witnessed a rally in the cryptocurrency market. However, the current week has been marked by increased volatility for most cryptocurrencies. Bitcoin began the week on a strong note, maintaining a position well above the $30,200 level. As the week progressed, it experienced a decline, slipping below the crucial threshold from Tuesday onwards. Despite briefly consolidating above the $30,000 level, Bitcoin faced further downward pressure as investor interest shifted towards alternative coins such as Ripple, Cardano, and Solana. These altcoins have demonstrated significant growth over the past week, luring attention away from Bitcoin. At one point during this week, Bitcoin hit its lowest level in a month, reaching $29,500. Currently, BTC is encountering resistance around the $30,000 level while finding support at the $29,600 mark. This tug-of-war between resistance and support levels indicates an ongoing struggle for dominance among bulls and bears. Traders and investors are closely monitoring these developments to better understand the market's direction and potential opportunities. Conversely, Ethereum, the second-largest cryptocurrency, previously trading comfortably above the $1,900 level, also witnessed a drop below that critical threshold. XRP, having achieved an impressive 70% gain in the past week, secured the fourth position with a higher market cap than BNB; however, it too, experienced sell-offs on Friday.

A subtle change in Elon Musk’s Twitter bio after his platform’s rebrand to “X” has again fanned the flames of speculation — that Dogecoin (DOGE) may have a future on the platform.

Bitcoin (BTC) plunged to $29,000 on July 24, signaling that bears are trying to seize control. It looks like the failure to hold on to the higher levels may have tempted short-term bulls to book profits and aggressive bears to initiate short positions.

Twitter owner Elon Musk is in the process of implementing a long-awaited rebrand of the social media platform to a new super-app called “X”.

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The Dogecoin price has risen by 5% in the past 24 hours, rallying to $0.075537 after Twitter rebranded itself to 'X'.

x.com now points to twitter.com. The change, which was not evident on the website on Sunday evening, followed Musk's recent admission that advertising revenue remains nearly half of what it once was. And Twitter's cash flow has been negative as a result of that and its heavy debt load.

(Reuters) -Elon Musk said on Sunday he was looking to change Twitter's logo, tweeting: «And soon we shall bid adieu to the twitter brand and, gradually, all the birds».

Bitcoin continues to test investors’ patience, as it remains stuck inside a tight range. Although the near term is boring, traders need to be on their toes because narrow ranges are generally followed by a sharp increase in volatility. The only problem is that it is difficult to predict the direction of the breakout with certainty.

So far 2023 has been a year characterised by explosive meme coin runs, perhaps none more successful than the incredible Pepecoin ($PEPE) pump which ignited Spring's ecstatic meme season.

cryptocurrency markets were trading mixed in Friday's trade. Bitcoin, Ethereum, XRP, and Cardano were trading with cuts, while BNB, Dogecoin, and Polkadot were trading with gains. Bitcoin (BTC) fell 1.1% to $29,820, whereas Ethereum (ETH) was below the 1,900 level. BTC volume stood at approximately $15.1 billion, rising 31.47% in the last 24 hours. The global cryptocurrency market cap was trading lower, around $1.2 trillion, falling 0.91% in the last 24 hours. «Bitcoin continued to trade below the US$30,000 mark for another consecutive day, influenced by various factors such as investors taking profits and the strengthening of the US dollar,» Edul Patel, Co-founder and CEO at Mudrex, said.

Kuwait’s supervisory authorities – the Central Bank of Kuwait, the Capital Markets Authority, the Ministry of Commerce and Industry and the Insurance Regulatory Unit – have jointly issued circulars banning the use and recognition of virtual assets in the Arab nation.

Dogecoin (DOGE) is trading around 3.5% higher in the past 24 hours, outperforming the likes of bitcoin (BTC) and ether (ETH), both of which are trading broadly flat.

After failing to sustain above the resistance of its narrow range, Bitcoin fell near a key support level on July 18. The consolidation of the past few days seems to be an accumulation phase, according to Glassnode’s Bitcoin Accumulation Trend Score. A similar score was seen during the accumulation phases between November and December and again from March to April.

Crypto memes may amount to criminal offenses if they don’t comply with existing financial promotion rules, warned the United Kingdom’s top financial regulator on Monday. 

In the latest straight to DEX meme coin launch, yesterday, PhoenixInu Token undertook a magnificent +10,000% moon-shot.

Bitcoin remains stuck inside a narrow range, making it difficult to predict the direction of the next possible breakout. The U.S. Dollar Index (DXY), which generally moves in inverse correlation to Bitcoin (BTC), dropped below 100, but that has failed to propel Bitcoin higher. This suggests that Bitcoin is charting its own course in the near term.

Ripple Labs’ victory in the case against the United States Securities and Exchange Commission gives a significant boost to the crypto industry. In addition to benefitting Ripple and XRP (XRP), analysts believe that the ruling will weaken the regulator’s case against Binance and Coinbase.