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Dogecoin and BNB rise as Bitcoin dips near $63,700 amid inflation and geopolitical concerns

Market News
12 Aug 2026
Coindesk
View Source
Bullish
Dogecoin and BNB rise as Bitcoin dips near $63,700 amid inflation and geopolitical concerns

Dogecoin led major cryptocurrencies with a nearly 3% gain, reaching just above 7 cents, while BNB rose 2% to $614. Bitcoin slipped to around $63,700, the only major token lower on both the day and the week. Asian equities rallied on strong semiconductor earnings, with Korea's Kospi jumping 4.6%. Investors are closely watching the upcoming U.S. CPI report and Middle East tensions, as lower inflation and a potential Federal Reserve pivot could boost risk assets, despite rising oil prices that may increase inflation. The market's direction depends on inflation data and geopolitical developments, especially a possible deal between Iran and the U.S. over the Strait of Hormuz.

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Dogecoin breaks out of bullish pattern, targeting 30% rally to $0.128 amid crypto market rebound.

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Dogecoin (DOGE) has broken out of a bullish cup-and-handle pattern, signaling a potential 30% price rally to around $0.128. This breakout follows a 50% rebound over the past month and is supported by rising trading volumes and reclaiming key moving a...

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