Dogecoin Rises 75% as Bitcoin approaches $35K

Spread the love

Dogecoin (DOGE) and Bitcoin (BTC) have been strong champions in the cryptocurrency sector. DOGE has risen by more than 75% in the last 24 hours after days in which it has already moved very quickly. Meanwhile, after jumping from $29,000 to $33,000, Bitcoin was able to reach $34,000. Investors are asking if the crypto market will take a rest in the coming weeks.

Dogecoin and Bitcoin Move Higher

Both Bitcoin and Dogecoin have been clear industry leaders. These are now the biggest winners in the top 100 of the last 24 hours. This has driven DOGE’s price to over $0.012 and Bitcoin’s price to fresh all-time highs exceeding $34,500. This is the highest price Bitcoin has ever achieved in history.

Bitcoin is turning parabolic, and this can be seen in the world’s biggest cryptocurrency map. 2020 has been a really strong year for Bitcoin and cryptocurrencies, and we’ve seen that continue into 2021.

One of the most fascinating aspects about Bitcoin in 2020 is how virtual currency drew funding from major financial institutions. Firms such as MicroStrategy, Ruffer and Square have spent some of their funds in Bitcoin. Which has also moved the price of the digital commodity to new heights in 2020.

RECOMMENDED READ:  Alibaba falls 7 percent in pre-market trading after Chinese regulators launch antitrust investigations into the firm.

Furthermore, PayPal has also added support to digital assets. That means that individuals are now able to buy or sell cryptocurrencies using their PayPal account. This was impossible to do in the past, this is why it now became a very important topic for the cryptocurrency community.

The market for virtual currency, including bitcoin, continues to increase. The key problem is that the availability of BTC is restricted. There are only 21 million BTCs to be released. This suggests that it could trigger a consumer shock and drive the price of the virtual currency ever higher.

Other virtual coins such as Ethereum (ETH) and Litecoin (LTC) are now witnessing the effects of the bull market. Both virtual currencies are continuing to rise and are moving closer to their all-time peak. However, there is still a long way to go for these digital properties before they hit their previous ATH reported between 2017 and 2018.

Currently, Ethereum is being traded over $800 while Litecoin needs to get closer to $145 in the next few hours.


 740 Interactions,  10 today

Ethereum, Dogecoin, Waves Price Movement Analysis for 10th April, 2021

Ethereum was once again approaching the $2150 band, which could be flipped to help in the coming hours. Waves retraced Read more

Binance Coin, Ethereum Classic, Dogecoin Price Movement Analysis for 9th April, 2021

Though Bitcoin, the world's largest cryptocurrency, climbed up the charts in the first few days of April, the last few Read more

Bitcoin, BTT, Dogecoin Price Movement Analysis for 7th April, 2021

Bitcoin was expected to remain above the $55,800-support, a level that coincided with its 200-SMA. BitTorrent Token was projected to Read more

DigiByte, Dogecoin, XRP Price Movement Analysis for 5th April, 2021

DigiByte experienced a bearish divergence when it crossed the $0.09 threshold. Dogecoin's price remained stable between $0.059 and $0.055. XRP Read more

Binance Coin, Dogecoin, SushiSwap Price Movement Analysis for 4th April, 2021

Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a Read more

Dogecoin, Ethereum, Synthetix Price Movement Analysis for 3rd April, 2021

Dogecoin spiked in response to an Elon Musk tweet before plummeting. Ethereum surpassed its previous high, and the rising ETH/BTC Read more

Bitcoin SV, Dogecoin,Waves Price Movement Analysis for 1st April, 2021

Bitcoin SV attempted to smash through the $218 resistance barrier once more, with the same noting buyer interest on its Read more

Dogecoin price increased by 10% following Elon Musk’s recent Tweet.

As Tesla CEO Elon Musk added Bitcoin to his Twitter profile, the crypto asset's value skyrocketed. Today, Musk reaffirmed his Read more

Bitcoin Cash,  Dogecoin, Waves Price Movement Analysis for 29th March, 2021

Bitcoin Cash fell dramatically below $514 before recovering to climb back over $500, while Dogecoin bounced off $0.0495 and made Read more

Dogecoin, Ethereum, XRP Price Movement Analysis for 28th March, 2021

Buyers jumped in at $0.049 for Dogecoin, which could be moving up towards $0.062. Ethereum has rebounded quickly from the Read more

Leave a Reply

Contact Us