Dogecoin (DOGE) Signals New Upside Move: Can Bulls Take Charge?
Dogecoin found support at $0.3050 and recovered some losses against the US Dollar. DOGE is now rising and might aim for more gains above $0.350. #dogecoin $BNB (802107450) DOGE price started a decent increase above the $0.315 and $0.320 levels. The price is trading near the $0.3320 level and the 100-hourly simple moving average. There was a break above a major bearish trend line with resistance at $0.330 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.340 and $0.3480 resistance levels. Dogecoin Price Aims Higher Dogecoin price started a fresh decline from the $0.3850 resistance zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.3500 and $0.3350 support levels. It even spiked below $0.320.
A low was formed at $0.3052 and the price is now rising above the 50% Fib retracement level of the downward move from the $0.3599 swing high to the $0.3052 low. There was a break above a major bearish trend line with resistance at $0.330 on the hourly chart of the DOGE/USD pair.
Dogecoin price is now trading above the $0.330 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3390 level and 61.8% Fib retracement level of the downward move from the $0.3599 swing high to the $XRP 0.3052 low.
The first major resistance for the bulls could be near the $0.3480 level. The next major resistance is near the $0.3550 level. A close above the $0.3550 resistance might send the price toward the $0.3660 resistance. Any more gains might send the price toward the $0.3880 level. The next major stop for the bulls might be $0.40. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.340 level, it could start another decline. Initial support on the downside is near the $0.3250 level. The next major support is near the $0.3150 level.
The main support sits at $0.3150. If there is a downside break below the $0.3150 support, the price could decline further. In the stated case, the price might decline toward the $0.3020 level or even $0.300 in the near term.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.
Bitcoin extended its decline for another day, falling over 2% to $94,357 on Thursday after strong US economic data suggested a robust economy, reinforcing the case for fewer rate cuts from the Federal Reserve Recent data showed that US services sector activity accelerated in December, and job openings increased in November. This resilience in the American economy signals fewer rate cuts from the Fed in 2025.
Markets are now pricing in the probability of just one rate cut from the Fed in 2025, down from two in December, according to the CME FedWatch tool. Previously, the Fed had indicated two rate cuts for this year, half of what was earlier expected Meanwhile, rising U.S. 10-year Treasury yields, which have risen to 4.68%, near multi-year highs, and a stronger Dollar Index, currently above 109, have also pressured Bitcoin, reducing demand and pushing its price lower
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Crypto Price Today: Bitcoin Surges Past $100,000 as Market Momentum Builds
Crypto Price Today: Bitcoin Surges Past $100,000 as Market Momentum Builds Bitcoin crosses $100,000 for the second time this month. Advertisement #BNB #Bitcoin $BNB $BTC Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 12 December 2024 14:28 IST Highlights Tether, Solana saw losses USD Coin, EOS Coin also trading in losses Uniswap, Litecoin, Leo joined BTC’s rally Crypto Price Today: Bitcoin Surges Past $100,000 as Market Momentum Builds The valuation of the sector reached $3.65 trillion
Photo Credit: Pixabay/ WorldSpectrum
Whatsapp Facebook Gadgets360 Twitter Share Snapchat Email google-news Bitcoin on Thursday, December 12 reached the price point of $101,014 (roughly Rs. 85.7 lakh) on global exchanges. At the time of writing, data by CoinMarketCap showed that the price of BTC grew by 3.66 percent over the last 24 hours. This is the second time this month that the most expensive cryptocurrency has historically surpassed the $100,000 (roughly Rs. 84.8 lakh) price mark. On Indian exchanges like Giottus and CoinSwitch – BTC grew in price by over three percent to trade at $100,727 (roughly Rs. 85.4 lakh). Since its 2009 launch, Bitcoin has come a long way from trading at just $0.10–$0.20 (roughly Rs. 8.50–Rs. 16.9) in October 2010.
“Expectations of a 25-basis-point rate cut in the upcoming Fed meeting, following positive CPI data, boosted the market sentiment. Bitcoin faces its next resistance at $103,500 (roughly Rs. 87.8 lakh) and support standing at $98,400 (roughly Rs. 83.5 lakh),” Edul Patel, CEO of Mudrex told Gadgets360, explaining BTC's spike.
Following Donald Trump's victory in the US elections, the crypto market, led by Bitcoin, saw a significant surge. On December 5, Bitcoin crossed the $100,000 mark for the first time in its history. That same week, reports emerged about US SEC Chair Gary Gensler being set to step down in 2025 under Trump's administration. Gensler, known for his crypto-skeptic stance, has been a central figure in regulatory crackdowns on firms like Kraken, Binance, and Coinbase.
$BNB $BTC $XRP #BNB #Binance Bitcoin (BTC), following a day of dip, managed to rise to the $97,000 mark early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — saw a mix of gains and dips as the overall Market Fear & Greed Index stood at 73 (Greed) out of 100, as per CoinMarketCap data. The XDC Network (XDC) token became the sole top gainer, with a 24-hour jump of nearly 20 percent. Movement (MOVE) was the biggest loser today, with a 24-hour dip of over 48 percent. The global crypto market cap stood at $3.46 trillion at the time of writing, registering a 24-hour jump of 1.03 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $97,429.29, registering a 24-hour gain of 0.55 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 84.28 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,667.52, marking a 24-hour dip of 0.25 percent at the time of writing. Ethereum price in India stood at Rs 3.34 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour loss of 2.35 percent, as per CoinMarketCap data, currently priced at $0.3894. Dogecoin price in India stood at Rs 38.30.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.33 percent. At the time of writing, it was trading at $109.72. LTC price in India stood at Rs 11,050.09.
Ripple (XRP) Price Today
XRP price stood at $2.30, seeing a 24-hour gain of 7.26 percent. Ripple price in India stood at Rs 210.16.
Solana (SOL) Price Today
Solana price stood at $219.54, marking a 24-hour jump of 1.93 percent. SOL price in India stood at Rs 19,556.75.
Top 4 Cryptocurrencies to Buy Today for Massive Returns in 2025
Navigating the vast array of cryptocurrencies can be daunting for both beginners and seasoned enthusiasts, often leading to confusion about the best options to consider.
In the bustling market, pinpointing the top cryptocurrencies to buy today involves thorough analysis and a comprehensive grasp of the unique advantages each network offers. This guide highlights four exceptional choices: Solana (SOL), Polygon (MATIC), Fantom (FTM), and BlockDAG (BDAG).
Exploring the standout features from Solana’s rapid processing capabilities to Fantom’s increasing popularity among big participants, and BlockDAG’s advancements in scalability, we’ll uncover the core elements driving these networks and what might lie ahead for them.
1. BlockDAG: Pioneering the DAG-Chain with Massive Growth Potential BlockDAG stands out by integrating the speed and scalability of Directed Acyclic Graphs (DAG) with the robust security and decentralization features of traditional blockchains, facilitating ultra-fast transactions without sacrificing security or scalability.
Recent enhancements have boosted the BlockDAG ecosystem significantly, such as adding WebAssembly (WASM) compatibility, revolutionizing developer engagement. WASM allows the use of well-known programming languages like Rust and C++ for crafting smart contracts and decentralized applications (dApps), enhancing developer ease and operational efficiency. For instance, this update enables the creation of applications that support immediate microtransactions, perfect for gaming and streaming services, providing users with uninterrupted, real-time experiences. This capability showcases BlockDAG’s commitment to practical, real-world applications.
These developments are a testament to BlockDAG’s promising future, suggesting a potential 30,000x ROI for early adopters. With its ongoing presale attracting significant attention—having amassed over $159 million by distributing more than 16.9 billion coins and currently priced at $0.0234 per coin in its 26th batch—BlockDAG is positioned as one of the most promising cryptos to buy now.
2. Solana’s Path to a Major Market Presence Solana is on a trajectory that could see its market cap reach $300 billion by 2025. This blockchain stands out for its ability to handle a large number of transactions each second at a low cost, making it an affordable choice within the cryptocurrency market. Developers appreciate Solana for its economical fees and ability to scale, which is particularly beneficial for NFT marketplaces and decentralized finance (DeFi) initiatives. With over 11,000 projects underway, including ventures in Web3 gaming and tokenized assets, Solana is drawing interest from a wide range of institutional backers.
The broad acceptance and efficiency of Solana highlight its potential for growth, marking it as a promising entity in the cryptocurrency arena as more enthusiasts recognize its capabilities.
3. Polygon’s Current Market Dynamics The price of Polygon has increased by 3.6% to $0.726, currently performing well above significant exponential moving averages, indicating a positive trend in the short term. However, a large transfer of 8.68 million POL tokens by a wallet associated with the Polygon Foundation to FalconX, valued at $6.19 million, suggests possible downward pressure on its price towards $0.6.
Despite recent gains since mid-November, concerns linger. With a market cap of $6.06 billion and daily trading volume of $880.7 million, Polygon is in a phase of consolidation, although the large transfer of tokens might challenge the recent positive trend and influence future price movements.
4. Fantom’s Market Momentum Fantom has surged by 85% after breaking out of a bullish pattern and recovering at $0.64, becoming a strong candidate in the crypto market. The cryptocurrency has moved past significant resistance levels at $1.08 and $1.20, indicating rising market confidence.
There has been a significant increase in large-scale transactions, with a 500% jump in a single day, showcasing a growing interest from affluent market participants. While immediate resistance stands at $1.68, a potential correction to $1.15 could lead to sustained momentum. With robust liquidity and investor trust, Fantom’s upward trend is poised to continue, provided the market environment stays stable.
Bitcoin price stood at $99,498.34, registering a 24-hour loss of 0.20 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 84.28 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,946.66, marking a 24-hour dip of 0.67 percent at the time of writing. Ethereum price in India stood at Rs 3.34 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 3.33 percent, as per CoinMarketCap data, currently priced at $0.4532. Dogecoin price in India stood at Rs 38.30.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.06 percent. At the time of writing, it was trading at $130.65. LTC price in India stood at Rs 11,050.09.
Ripple (XRP) Price Today
XRP price stood at $2.49, seeing a 24-hour dip of 2.87 percent. Ripple price in India stood at Rs 210.16.
Solana (SOL) Price Today
Solana price stood at $232.37, marking a 24-hour dip of 2.34 percent. SOL price in India stood at Rs 19,556.75.
Key Points: Ripple's $144M Super PAC donations shaped US elections, securing victories for 85% of crypto-backed Senators.
Binance i'd:- 802107450☺️ Bitcoin hits $100K as talks on making BTC a US strategic reserve asset (SBR) gain traction under Trump's leadership. MicroStrategy's Michael Saylor urges the US to sell gold for BTC, predicting a $100 trillion valuation for Bitcoin. Ripple CEO Brad Garlinghouse Talks Crypto Influence on 60 Minutes On Sunday, December 8, Ripple CEO Brad Garlinghouse appeared on 60 Minutes to discuss the US crypto market and its political influence. The airing focused on substantial donations from crypto firms, including $144 million from Ripple and two other companies, to Super Pacs supporting pro-crypto Republicans and Democrats. #binance #Bitcoin #SOL $BTC $ETH
Bitcoin Price Today: Why BTC’s Second $100K Breakout is Massively Bullish
Explore why the second Bitcoin price attempt to overcome $100K is bullish and how high BTC can go this time to set up a new ATH? Highlights
Bitcoin price shows signs of recovery after a flash crash on December 5. Data shows that a successful reclaim of $100K could send Bitcoin higher this time. Investors can expect BTC to set up a new ATH at $111,850, based on technical analysis.
Although there was a lot of enthusiasm when Bitcoin’s cleared $100K for the first time, it was brief. The December 5 crash knocked BTC to $90K and tirggered more than a billion US dollars worth of liquidation. But this one indicator showcases that the second attempt to overcome $100K will be massively bullish. Regardless, Bitcoin price today hovers around $100,171.0 on 11 PM after hitting a daily high of $100,537.0 today after a 0.24% move on December Bitcoin Price Slides Below $100K, What’s Next? Bitcoin price crashed 13.53% between December 4 and 5, wiping out an excess of $1.5 billion worth of positions in just 19 hours. On December 5 alone, more than $1 billion worth of longs and short positions got wiped from the cryptocurrency market. But why did Bitcoin suddenly dip below the historic $100,000 level, and will it recover? Let’s discover! #Bitcoin #SOL #ETH Meitu, dubbed as the chinese MicroStrategy, sold its crypto holdings, which led to the sudden drop in Bitcoin price on December 4. The Chinese selfie application operator sold 940 BTC and 31,000 ETH, realizing nearly $80 million in profits, the company’s Wednesday statement noted.
Trump crypto project gets $30 million investment from Sun
The controversial China-born crypto entrepreneur Justin Sun has invested $30 million in President-elect Donald Trump’s World Liberty Financial, making him the largest investor in the decentralized finance project. $BTC $ETH $XRP “The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump!,” Sun, the founder of the cryptocurrency firm Tron, announced in a post on X Monday. “TRON is committed to making America great again and leading innovation.” A spokesperson for Sun didn’t immediately respond to a request for comment.
“We’re excited about the momentum experienced by World Liberty Financial, and this sizable purchase of WLF tokens underscores the early success of this project,” a spokesperson for World Liberty said in a statement. “Indeed, there have been several significant purchases in recent weeks, and we are confident in our future success as we build a platform that promotes freer and fairer finance. We expect more such developments to happen in the coming weeks and months.”
The US Securities and Exchange Commission sued Sun in March 2023 for allegedly violating securities rules. The lawsuit, filed in federal court in New York, claims that Sun worked with companies he owns and controls to engineer the offer and sale of the unregistered securities. It also accuses the crypto entrepreneur of breaking antifraud and market manipulation rules. Sun has said in the past that he believes that an SEC court filing accusing him and several of his firms of violating securities rules “lacks merit.”
Earlier this year, USDC stablecoin issuer Circle axed their support for the Tron blockchain — attributing the decision to a “risk management framework” that “continually assesses the suitability of all blockchains” for the stablecoin.
Trump names David Sacks as White House AI and crypto czar
Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries.
“David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency, two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas,” Trump said Thursday in a post on his Truth Social network. $BTC $ETH $SOL
Crypto Prices Today December 7: Bitcoin Back to $100K, XRP Up 6%, XDC Jumps 36%
Today, the cryptocurrency market is bullish, with Bitcoin (BTC) surging above the $100,000 mark, as crypto prices today show strong momentum. This follows a volatile period where BTC had dropped to $92,000 after its all-time high.
Ripple’s XRP has gained 6% after three consecutive days of downward movement. Meanwhile, XDC Network has emerged as the top gainer, with an impressive 36% jump in its price. #Bitcoin's #binance #BNB #ACH The crypto market rose by over 2%, bringing its total market capitalization to $3.67 trillion. However, trading volume has decreased by 31%, standing at $250 billion.
Here is a quick overview of the top cryptocurrencies by market capitalization and their price movements for today, December 7.
Crypto Prices Today: BTC, ETH, SOL, and XRP The crypto market is gaining momentum after Bitcoin surged back to $100,000. Major altcoins have shown positive movement in the last 24 hours, except for Solana, which is down by 3%. Top meme coins are also riding the bullish wave, recording gains between 1% and 4% during the same period. The market’s overall sentiment appears optimistic, with several cryptocurrencies experiencing upward trends.