Dogecoin (DOGE) price fell approximately 11.75% in the last 24 hours, reaching $0.352 on January 8. Memecoin’s plunge is part of an overall cryptocurrency market decline driven by Bitcoin’s sub-$100,000 yield.DOGE/USD vs BTC/USD 4-hour price chart. Source: TradingViewKey factors driving Dogecoin and the broader cryptocurrency market lower include stronger-than-expected US economic data and a general consolidation pattern on the DOGE price chart.Strong US Economic Data Drives DOGE Sell-OffDogecoin’s losses today coincided with a selloff across risk markets, including US stocks, which snapped a two-day winning streak. The decline came as traders gave up expectations of a Federal Reserve interest rate…
Author: Crypto Flexs
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lawrence jenga January 8, 2025 08:20 According to Bitfinex Alpha, as the price of Bitcoin reaches an all-time high, supply is shrinking, leading to an optimistic outlook for the cryptocurrency market. Bitcoin (BTC) price recently surpassed $108,000, indicating solid market performance, as noted in the first 2025 edition of Bitfinex Alpha. Despite a potential market correction expected in the first quarter of 2025, tight Bitcoin supply presents an optimistic outlook for the medium term. Bitcoin Supply Dynamics Liquidity reserve ratio, a measure that tracks the current supply period, has decreased significantly from 41 months…
Recent data from Blockchain shows that less than 1% of Bitcoin holders are currently suffering losses after the asset’s price surged above $100,000. Despite the price increase, a portion of Bitcoin addresses remain underwater. In a recent update on X, market intelligence platform IntoTheBlock examined the distribution of profits and losses among Bitcoin users following the cryptocurrency’s recovery. As BTC approaches all-time highs, the number of investors in losing positions is expected to be minimal. A chart provided by the analytics company shows the price range in which the remaining underwater addresses acquired the coins. Collectively, this range represents the…
The cryptocurrency industry has become a rapidly growing niche within the broader financial ecosystem. As of December 2024, the global cryptocurrency market cap was approximately $3.8 trillion. With this rapid expansion, new projects are frequently launched, either as protocols on existing blockchains or on entirely new ones. This constant influx of options can make it challenging for investors to make informed decisions. In this guide, we’ll explore how investors can use fundamental analysis to navigate the space and identify what to buy.What is Fundamental Analysis?Fundamental analysis in cryptocurrency involves using blockchain activity, project metrics, and financial factors to evaluate a…
You bought cheaply and are now ready to enjoy your cryptocurrency profits. furthermore Pay with cryptocurrency Cashing out Bitcoin or other cryptocurrencies directly is something every cryptocurrency holder should know. Here are the best ways to convert your Bitcoin to cash quickly, cheaply, easily and safely.How to Convert Bitcoin to CashThere are generally four ways to instantly convert Bitcoin into cash.Sell Bitcoin on the BitPay Wallet AppSell your cryptocurrency for cash on a central exchange like Coinbase or Kraken.Use P2P exchangeUse a cryptocurrency debit card like the BitPay card.Find a Bitcoin ATMBonus: Gift CardEach cash withdrawal method may not be…
This article is also available in Spanish. Ethereum is trading below last year’s highs as investors eagerly await a breakout to confirm the start of the expected altseason. Although ETH’s price action has moderated, traders remain optimistic about Ethereum’s chances of performing exceptionally well in 2025, given its historical cycles and the overall bullish sentiment in the market. Related Reading Top analyst Carl Runefelt recently shared his technical analysis on X, highlighting that ETH is currently trading within a rising channel. This pattern suggests a possible short-term decline before Ethereum gains momentum for the next uptrend. Runefelt’s analysis is consistent…
One closely watched analyst believes meme token Floki (FLOKI) is gearing up for an uptrend towards a new all-time high (ATH). FLOKI appears to have completed an ABC correction on the daily chart, pseudonymous analyst Bluntz told his 306,200 followers on social media platform X. Bluntz uses Elliott Wave Theory, which states that bullish assets tend to trigger a five-wave upward move after completing an ABC retracement. “FLOKI is another major meme heading ATH with turbo bulls in my opinion. “The price action from the November high looks like another peak hour ABC and a new impulse appears to be…
Timothy Morano January 4, 2025 05:52 Explore emerging trends in decentralized governance in 2025, including AI delegation, smarter incentives, and innovative funding models highlighted by the a16z cryptocurrency. As the digital landscape continues to evolve, 2025 will be a pivotal year for decentralized governance. This change is being driven by innovative efforts by decentralized autonomous organizations (DAOs) and major financial institutions such as Blackrock, State Street, and Vanguard to encourage more active participation in online shareholder voting. Website to support voter representatives One important trend in decentralized governance is the improvement of voter delegation…
Bitcoin’s dominance is an important indicator of where investors are putting their money. The emergence of Deadcross after four years is not just a technical signal, but a clear warning. Even though Bitcoin (BTC) closed the first week of 2025 at a high and regained $102,000 after a two-week market slump, Bitcoin’s dominance has declined slightly. This could be a sign that altcoins are starting to gain traction as investors look to diversify. So, does the chart show a repeat of the 2021 cycle? Typically, a weakening of Bitcoin dominance is often a strong signal that altcoin season is about…
Timothy Morano January 8, 2025 01:20 NVIDIA’s CES keynote highlighted the transformative role of AI, including restoring speech for ALS patients, and demonstrated the technology’s profound impact on real life. NVIDIA recently used its keynote address at the Consumer Electronics Show (CES) 2025 in Las Vegas to highlight the transformative power of artificial intelligence (AI) in voice restoration, a technological innovation with profound implications. This presentation highlighted the growing role of AI in improving the quality of life for individuals with speech impairments. AI’s role in voice restoration During the keynote, NVIDIA shared interesting…