Dogecoin (DOGE) stands out as the only cryptocurrency among the top 20 by market cap to see a significant increase in 24-hour trading volume, rising by 92.7% to about $1.55 billion. While major cryptocurrencies like Bitcoin, Ethereum, Solana, XRP, and BNB experienced volume declines ranging from 35% to over 55%, Dogecoin's volume growth signals renewed trader interest and potential new capital entering the market. This volume surge accompanied a nearly 6% price increase, pushing DOGE back to its 50-day moving average despite a generally bearish market structure. Derivative data also shows bullish sentiment with more long positions than shorts and positive futures inflows, suggesting optimism among leveraged traders. However, Dogecoin still faces technical challenges ahead, but the volume spike is a positive early sign.
Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly ...
Bitcoin is trading around $77,602 with a modest gain of 0.89%, while Ethereum leads with a 4.97% rise to $2,560. Other cryptocurrencies like Binance Coin, Ripple, and Solana also show positive price changes. Some altcoins experience declines, indicat...
Cryptocurrency prices exhibit a range of changes, with Ethereum (ETH) rising over 7% and NEAR gaining more than 9%. Bitcoin (BTC) increased nearly 2%, while several altcoins like Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) also posted gains. ...
Dogecoin's price dropped nearly 2% to about $0.083 after Bitwise announced it will liquidate its Dogecoin ETF, BWOW, just 10 months after launch due to low investor interest. The ETF will stop trading on October 14, with cash proceeds distributed on ...
Bitwise announced it will liquidate its Spot Dogecoin ETF (BWOW) due to prolonged low liquidity and weak investor interest, with cumulative net outflows of $1.23 million. The fund, holding $687,000 in net assets, will cease trading on October 14, wit...
