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Dogecoin (DOGE), the popular meme-inspired cryptocurrency, remains one of the most intriguing coins in the market as investors speculate on its ability to rally to $1 by 2025.  While DOGE has delivered impressive gains over the past year, the road to $1 is paved with significant hurdles, largely due to its inflationary supply mechanics and high market cap requirements. Currently trading at $0.32, Dogecoin has seen a 21.26% decline in the last week and a 26.51% dip over the past month. However, it remains up by 238.47% year-over-year, showcasing its long-term resilience.  Picks for you R. Kiyosaki blasts 'Bitcoin cry babies' as BTC price drops 48 mins ago MicroStrategy buys Bitcoin price top at $106k, already down 12% ...

The US dollar took the top spot of the currency markets this week , outperforming the Euro and Chinese yuan. The DXY index, which tracks the USD’s performance, shows the currency touching 103.10 on Tuesday’s opening bell. The USD is now at a 10-week high as traders bet on a moderate interest rate cut by the Federal Reserve. Also Read: BRICS Advances ‘Multicurrency System’ To Break US Dollar Dominance The Chinese yuan dipped against the US dollar after China’s weekend stimulus announcements disappointed currency and forex investors. China’s fiscal stimulus briefing received mixed responses as the package from the central bank failed at monetary easing. It also failed to reduce economic inflation and fell short of expectations among the investors’ community. Inflation in China grew 0.4%, while it is on a decline in the US at 2.3%. In addition, production in China dipped 2.8%, marking the 24th consecutive month of decline. All these developments bolstered the...

A familiar tale of losing stocks and a surging greenback greets Bitcoin traders this week as $20,000 fails to sustain as support. Bitcoin (BTC) heads into the first week of September on a rocky road downhill after United States markets’ Jackson Hole rout. After the U.S. Federal Reserve reinforced hawkish comments on the Inflation outlook, risk assets sold off across the board, and crypto is still reeling from the aftermath. A fairly nonvolatile weekend did little to improve the mood, and BTC price action has returned to focus on areas below $20,000. In so doing, multiple weeks of upside have effectively disappeared, and in turn, traders and analysts expect a retest of the macro lows seen in June this year. While all is now quiet regarding the Fed until the September rate hike decision, there is still plenty of room for upset as geopolitical uncertainty and inflation persist, the latter still increasing in Europe. However, as last week, Bitcoin appears fundamentally resilient as a netw...

The selling pressure in the Bitcoin market is not as bad as it was during the Terra and Three Arrows Capital crises. Bitcoin (BTC) price may climb by more than 50% in September, a month otherwise considered ominous for the cryptocurrency due to its poor historical returns.  BTC price double-bottom and then to $30K? The conflicting upside signal comes from a potential double-bottom pattern on Bitcoin's longer-timeframe charts against the U.S. dollar. Double-bottoms are bullish reversal patterns that resemble the letter "W" due to two lows and a change in direction from downside to upside. Double-bottom illustrated. Source: ThinkMarkets Bitcoin's decline below $20,000 in July, followed by a sharp recovery toward $25,000 and a subsequent return to the $20,000-level in August, partially confirms the double-bottom scenario. The cryptocurrency would complete the pattern after rebounding toward $25,000. A W-shaped price move in an ideal scenario could be followed by anothe...

The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British pound's weakness be a positive for Bitcoin. On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volatility simply reflects investors' doubts about the government's capacity to withstand the growing costs of living across the region. The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but the British pound's weakness could be a net positive for Bitcoin. The GBP, or British pound, is the world's oldest currency still in use and it has been in continuous use since its inception. Fiat currencies are a 52-year old experiment The British pound, as we currently know, started its journey in 1971 after its convertibility with Gold or theequivalent was effectively termi...

The BTC price looks frail as August comes to an end, and with Bitcoin bulls out of ammo, traders are preparing for more pain. Bitcoin (BTC) starts a new week struggling with $26,000 as August becomes its worst month of 2023. BTC price strength remains dubious after a snap crash 10 days ago, with bulls unable to wrestle back control of the market to provide a relief bounce. The outlook is similarly uncertain, with September traditionally a poorly performing month for Bitcoin, and with the August monthly close just days away, could another downside surprise lie in store? Macro triggers are again taking a back seat this week, with Personal Consumption Expenditures (PCE) Index data the highlight in what is otherwise a cool week for crypto contagion. That said, traders and analysts are on their toes, and with no hint of a rebound in sight, many are still braced for worse to come. Cointelegraph takes a look at the main BTC price performance talking points for the week ahead. BTC price sags...

Join Our Telegram channel to stay up to date on breaking news coverage        Coinbase suggests inflation - pegged “flatcoins” as one of four key areas of innovations to be built            on Layer 2 Basenetwork. What: Coinbase is calling for developers to work on a flatcoin that will be pegged to the ‘price of living’ instead of fiat. Why : The exchange lists this and three other ideas as ways to help the on-chain economy grow. What Next: The ideas which will be built on Base aim at securing DeFi ecosystems and increasing confidence and trust in on-chain trade. About a month after launching Base, Coinbase, one of the leading crypto exchanges, plans on developing a “flatcoin” as one of the major ideas for the Ethereum Layer 2 network.  A flatcoin is a stablecoin that is pegged to the rate of inflation in the traditional financial system and is viewed by the companies that dev...

Market analyst Charles Edwards says that while there are good reasons to exercise caution, investors’ risk off sentiments and expectation of a recession could be overblown. The U.S. stock market approaches a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect against a significant downside move.  The escalating risk-off sentiment in the market is also creating volatility for Bitcoin (BTC). The leading crypto asset, which has had a strong correlation with the U.S. stock market, moved oppositely to the stock market in February. The correction between BTC and Nasdaq turned negative for the first time in two years. However, with the crypto bulls pausing at the $25,200 level, the risks of a downturn alongside stocks are increasing. While there’s certainly a reason to maintain caution until the release of new economic data and ...

Five-day highs for BTC price come within a narrow trading range as U.S. inflation broadly conforms to expectations. Bitcoin (BTC) ticked above $22,000 after the Feb. 14 Wall Street open as crucial United States inflation data delivered “mixed” results. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price hits 5-day highs on CPI Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it tested multi-week lows twice on hourly timeframes before reversing upward. The pair saw flash volatility in line with predictions as January’s Consumer Price Index (CPI) numbers hit, something repeated at the start of trading on Wall Street. Still within a tight trading range, however, Bitcoin’s reaction was in fact fairly muted, with up and down moves only involving several hundred dollars at a time. That reflected the CPI data itself, which broadly conformed to market expectations. A moderate exception was year-on-year, which ran “hot” at 0.2% above the envisaged 6.2%....