Bitcoin (BTC) recently hit an all-time high of $108,364, only to tumble to $92,118 within three days. This dramatic price drop coincides with growing political unease in the U.S., as the federal government faces a potential shutdown. Despite the downturn, some anticipate the emergence of a “God candle” that could mark bitcoin’s most impressive rebound […]
You want to know why ETH isnt mainstream or taken seriously? Its because crypto bros gamble their money away on ETH hoping it goes to the moon like bitcoin yet dont understand its supposed to be a currency alternative. If the US dollar inflated randomly to the moon, shit would not be good for the…
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I got hit by the FOMO in 2021 and entered the crypto market buying some ADA and DOT (on top of BTC and ETH) near the top, hoping the would keep going up. No stop losses of any sort, low and behold the bear market comes and they go down 80%. While I managed to…
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Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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PRESS RELEASE. SINGAPORE, December 20, 2024 – LBank, a leading global cryptocurrency exchange, announces its New Year Celebration with a massive prize pool of over 200,000 USDT, set to boost market accessibility and reinforce its dedication to quality crypto trading. This 200,000+ USDT prize pool celebration runs until December 31, and consists of three exciting […]
Imagine all of the people that invested in bitconnect just bought btc instead. I know this can be said about a lot of things but to me it begs the question. How could so many people put so much money into something that was so obviously a scam? On top of that most of them…
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The Brazilian Senate scheduled a meeting to discuss the future and possibilities of crypto markets in 2025. The meeting will debate the opportunities and challenges that the adoption of these presents for the Brazilian state. Multi-Partisan Group Proposed to Discuss Crypto in the Brazilian Senate Next Year Crypto is becoming a common subject in legislative […]
Just some of the coins that (some more than others) came outta nowhere and blew the fuck up. What do we think will take those spots this time, and will others make a resurgence? FIL came outta nowhere along with ICP due to their novel ideas. SOL was the cheaper, quicker ETH. ADA was the…
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The market for Dogecoin (DOGE) is contracting: the memecoin shed more than 25% of its value during the last three days. The broader market is still bearing the brunt of Bitcoin’s crash, worrying both investors and speculators. Related Reading: SUI The Rising Star: Analyst Foresees Over $25 Breakthrough Market Overview: A Sudden Change The recent drop in the value of crypto assets has caused around $787 million to be lost through liquidations of different types of digital assets. Dogecoin, which is often considered as a joke, has been among the hardest hit. Approximately $29 million in DOGE liquidations were recorded recently, with bullish positions suffering the most losses, according to CoinGlass data. In a mere 24 hours, the price of Dogecoin plummeted to a low of $0.34 before ultimately stabilizing at approximately $0.365, a 6.05% decline. Macroeconomic issues influencing more general market movements can help to explain this fall. The Federal Reserve’s concern about interest rate cuts has aggravated bearish attitude. For example, Ethereum and Dogecoin followed suit after Bitcoin’s value dropped to the $94k level. A Closer Examination Of Liquidation Issues Approximately $24 million in bullish wagers on Dogecoin were liquidated in the past 24 hours, while $5.93 million in losses were attributed to short positions. The market’s present extreme volatility is underscored by this wave of liquidations. Dogecoin is currently approaching critical support levels, as noted by analysts. Some analysts have speculated that it could fall below $0.20 if adverse momentum persists. Key support levels for DOGE are being closely monitored by market analysts. The Relative Strength Index (RSI) suggests that Dogecoin may be oversold, which could indicate a potential rebound if traders are able to effectively defend the critical price zones. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report The Road Ahead For Dogecoin Despite the present challenges, market watchers’ future expectations of Dogecoin remain high. Some analysts believe that DOGE’s capacity to maintain a weekly closing above $0.26 will help to create a recovery rally toward higher goals. Still, the reality of continuous market pressures and unpredictability helps to temper this hope. As they negotiate this stormy terrain, many traders are left wondering how low Dogecoin might fall before it finds solid ground. Given the expected significant price swings in the next days and weeks, all eyes will be on this famous meme coin as it tries to recuperate in the face of a difficult crypto climate. Featured image from DALL-E, chart from TradingView
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