Dogecoin Financial News

cryptocurrency markets were trading higher on Wednesday with a 3.7% increase in the global crypto market cap. Bitcoin (BTC) rose 3.86% to $28,101, while Ethereum (ETH) was above the $1,800 level. BTC volume stood at approximately $19.07 billion, rising 2.97% in the last 24 hours. «Most cryptocurrencies rose in the past 24 hours following improved US Consumer Confidence in March. Bitcoin regained its position above the US$28,000 level. BTC has the potential to recover the US$30,000 level it lost during the June 2022 bear market. If BTC continues to stay above US$27,000 and attempts to take by storm the US$28,600, we might see it growing upward,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. XRP zoomed nearly 12%. Cardano, Polygon and Litecoin were also trading with gains. The global cryptocurrency market cap was trading lower around $1.18 trillion, rising 3.73% in the last 24 hours.

The largest meme coin DOGE is remarkably stable on Thursday after a failed attempt on Wednesday to flip resistance at $0.0771. Dogecoin price is trading 1.3% lower on the day, with $371 million in trading volume streaming in the 24-hour period.

Bitcoin (BTC) is up about 71% in Q1 2023, which is the first positive quarter after four consecutive quarters of negative returns in 2023, according to data from Coinglass. This shows that the sentiment has turned positive and the bulls are trying to put a bottom in Bitcoin.

cryptocurrency markets were trading in the red on Tuesday. Bitcoin (BTC) fell 2.66% to $27,048, whereas Ethereum (ETH) was below the $1,750 level. BTC volume in the last 24 hours stood at approximately $18.55 billion, rising 26.88%. «The crypto market is feeling the pressure of CFTC action against Binance as BTC price has slipped around the $27,000 level which is a drop of nearly 3% in the last 24 hours. We can expect the market to remain choppy in the coming weeks owing to the latest developments,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading lower. BNB declined over 5%. Dogecoin, Polygon and Litecoin were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.13 trillion, falling 1.96% in the last 24 hours.

Tuesday March 28th, 2023 – Vote-to-Earn meme coin Love Hate Inu ($LHINU) has raised $2 million with just six days to go to sell out Stage 3 of its eight-stage presale. 

cryptocurrency markets were trading mixed on Monday. Bitcoin, Tron and BNB were trading with gains, while Ethereum, Cardano and Litecoin were trading with cuts. Bitcoin (BTC) surged 1.16% to $27,832, whereas Ethereum (ETH) was below the $1,750 level. BTC volume in the last 24 hours stood at approximately $14.36 billion, rising 10.14% in the last 24 hours. «Bitcoin started the new week by consolidating above the US$27,000 support level. BTC started a downside correction after it failed to clear the US$28,000 resistance zone last week. However, bulls seem to be active near the US$27,000 support,» Edul Patel, Co-founder and CEO at Mudrex, said. «BTC’s immediate resistance now lies at the US$28,150 level. A close above this level may start another major increase. Meanwhile, on the other hand, Ethereum also continued to trade above the US$1,700 level,» he added.

The news and events related to the banking crisis in the United States and Europe have led to a rotation of funds into investments considered less risky. According to the Financial Times, the U.S. money market funds in March witnessed an inflow of $286 billion. 

Meme coins have become extremely popular these days. After Dogecoin and Shiba Inu set the stage, a novel meme coin project, Love Hate Inu, may become the market's most well-known meme token.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. 

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.  

cryptocurrency markets were trading higher on Friday. Bitcoin (BTC) rose 2.21% to $28,262, whereas Ethereum (ETH) was above the $1,800 level. BTC volume in the last 24 hours stood at approximately $22.93 billion, falling 29.05% in the last 24 hours. «The crypto market reacted sharply to the interest rate hike announced by Fed in its latest FOMC meeting. Bitcoin was poised to test the $30,000 level but lost steam after Fed continued its hawkish stance to tame soaring inflation. Bitcoin recovered from the Fed shock today and is back above the $28,000 level, while Ethereum and other digital assets showed a similar upward trend,» Dhruvil Shah, SVP of Technology at Liminal, said. Other top crypto tokens were also trading higher on Friday. Litecoin surged over 8%. Dogecoin, XRP and Tron were also trading with gains. The global cryptocurrency market cap was trading higher around $1.18 trillion, rising 2.24% in the last 24 hours. The total volume in DeFi is currently 4.31 billion, 7.94% of the total crypto market 24-hour volume. The volume of all stablecoins is now $49.85 billion, which is 91.78% of the total crypto market 24-hour volume.

With less than two hours remaining in Stage 2 of its presale, the new vote-to-earn (V2E) project, Love Hate Inu ($LHINU), has reached another astounding milestone of $1.76 million. 

The European stock markets fell on March 24 on renewed fears that the banking crisis could rear its ugly head once again. The latest selling was triggered after Deutsche Bank’s credit default swaps, which offer protection to the buyer against specific risks, soared on March 23 without any known catalyst. That pulled down the shares of the German lender by 11%. 

Bitcoin and Ethereum have seen a surge of over 6% in their respective values ahead of the release of Manufacturing and Services PMI figures. As investors await the results of these economic indicators, both cryptocurrencies have experienced upward momentum in their prices. 

cryptocurrency markets were trading in the red on Thursday after the Federal Reserve unveiled a ninth straight interest rate hike. Bitcoin (BTC) fell 1.88% to $27,698, whereas Ethereum (ETH) was below the $1,800 level. BTC volume in the last 24 hours stood at approximately $32.36 billion, down 6.07%. «The 25 basis point anticipated interest rate hike and the associated hawkish messaging from the US Fed created volatility in crypto markets with Bitcoin (BTC) dropping 3% overnight,» Vikram Subburaj, CEO of Giottus Crypto Platform, said. «BTC enjoys good short-term support at $26,500-$26,900 levels and a strong base at $25,300. If BTC holds any of these levels in the next week, the rally can potentially continue as the rate-hike ripple settles down,» Subburaj added.

cryptocurrency markets were trading higher in Wednesday's trade. Bitcoin (BTC) rose 1.67% to $28,234, whereas Ethereum (ETH) was above the $1,800 level. BTC volume in the last 24 hours stood at approximately $34.56 billion, falling 16.49%. «Bitcoin is trading above $28,000 ahead of the crucial Fed meeting amidst the ongoing banking crisis in the US. If the Fed decides to hike the interest rate, there may not be a knee-jerk reaction from the markets, as investors are anticipating a rate hike of 25 basis points. In case of no rate hike by the Fed, we can expect the upward trend to continue in the coming weeks,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher. XRP zoomed over 20%. Dogecoin, Shiba Inu, Cardano and BNB were also trading with gains. The global cryptocurrency market cap was trading higher around $1.18 trillion, rising 2.43% in the last 24 hours. The total volume in DeFi is currently 5.18 billion, 7.83% of the total crypto market 24-hour volume. The volume of all stablecoins is now $60.33 billion, which is 91.16% of the total crypto market 24-hour volume.

Bitcoin (BTC) has been sustaining above the $25,000 level for the past few days, increasing the likelihood that the bear market may have ended. Generally, in the initial stages of a new bull phase, several analysts remain in a state of disbelief and expect the resumption of the downtrend.

Love Hate Inu incorporates the first-ever vote-to-earn (V2E) model, which enables members to share their opinions on topics, polls, and surveys in exchange for rewards. 

cryptocurrency markets were trading marginally lower today. Bitcoin (BTC) was below the $27,800 level, whereas Ethereum (ETH) was below the $1,750 level. Meanwhile, the global cryptocurrency market cap was trading lower around $1.15 trillion, falling 0.64% in the last 24 hours. «Most cryptocurrencies slipped late Monday as investors await Wednesday's US central bank's next interest rate decision. Bitcoin traded above the $28,000 level on Monday after the US Federal Reserve announced it had teamed up with five other major central banks to ensure the flow of the US dollar. However, it has since decreased slightly and is trading at the US$27,800 level,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower on Tuesday. As of 11.40 am, Litecoin was trading over 4% down, while Polkadot, Shiba Inu and Dogecoin slipped over 2%.

During the last bull market, a simple mention of Dogecoin [DOGE] by Elon Musk would have resulted in a quick uptick for the memecoin. However, the reaction seems to have slowed down in recent times even as the Twitter CEO remains a big admirer of the project.

Silicon Valley Bank on 10th March 2023, Bitcoin prices have zoomed nearly 40%. «The current BTC rally is driven by the importance of decentralised finance in the global financial system after a series of bank collapses in the US. Bitcoin being the torch bearer of decentralised finance is witnessing a demand from retail and institutional investors amidst the banking chaos as BTC is being deployed as a shield against the ongoing crisis,» Dhruvil Shah, SVP of technology at Liminal, said. Meanwhile, Edul Patel, CEO and Co-Founder of Mudrex, said, «The collapse of SVB and Silvergate was like a Cyprus moment for crypto. As these crypto-friendly banks collapsed, much money flowed directly into the cryptocurrency ecosystem. And a chunk of the smart money usually flows into blue-chip cryptocurrencies, such as Bitcoin and Ethereum.» «With instability in the banking sector, inflation data that exceeded expectations, and renewed optimism about a dovish Federal Reserve, Bitcoin has reached levels unseen in approximately nine months,» Edul added.