Back in the green: the marker bitcoin ready to explode. Dogecoin pumps to the Moon.
After a streak of flat trading weeks, the crypto market saw a breakout as Bitcoin finally pushed above the $20,000 threshold.
Most of the altcoins outperformed Bitcoin, with the largest gains among the top cryptos seen in Ethereum’s ETH, Avalanche’s AVAX, and Cosmos’ ATOM, which all produced double-digit gains for the holders.
The Fear & Greed index was up slightly at the end of the week to its highest level of 34 points on Saturday. At the moment of writing, the price of BTC 20.831,26 (Coinpaprika), +0,88%, +8,51% in a week, +6,82% in a month but still -66,32% in a year.
Moving forward, the bulls will set their hopes on the upcoming FOMC, where, if some analysts are to be believed, the Fed may take a dovish tone, highlighting how its efforts to fight inflation are bearing fruit. It remains to be seen if markets consider such a shift sufficient for a short-term sentiment change.
Dogecoin, the cryptocurrency branded after a viral dog meme from 2013, is up 114,15% over the past 7 days. DOGE is riding high on the news of Elon Musk’s purchase of Twitter. Dogecoin PUMPS to the Moon...How High? Bitcoin (BTC) Rally Next? https://youtu.be/0zmbJr2-WyU
The price of the token often moves in lockstep with comments made by the Tesla CEO. Doge is up 51,54% in the last 24 hours after the SpaceX chief changed his Twitter bio to “Chief of Twit” on Wednesday. We will see how high it goes.
San Jose Costa Rica October 29, 2022, rafaelvilagut@gmail.com
After a streak of flat trading weeks, the crypto market saw a breakout as Bitcoin finally pushed above the $20,000 threshold.
Most of the altcoins outperformed Bitcoin, with the largest gains among the top cryptos seen in Ethereum’s ETH, Avalanche’s AVAX, and Cosmos’ ATOM, which all produced double-digit gains for the holders.
The Fear & Greed index was up slightly at the end of the week to its highest level of 34 points on Saturday. At the moment of writing, the price of BTC 20.831,26 (Coinpaprika), +0,88%, +8,51% in a week, +6,82% in a month but still -66,32% in a year.
Moving forward, the bulls will set their hopes on the upcoming FOMC, where, if some analysts are to be believed, the Fed may take a dovish tone, highlighting how its efforts to fight inflation are bearing fruit. It remains to be seen if markets consider such a shift sufficient for a short-term sentiment change.
Dogecoin, the cryptocurrency branded after a viral dog meme from 2013, is up 114,15% over the past 7 days. DOGE is riding high on the news of Elon Musk’s purchase of Twitter. Dogecoin PUMPS to the Moon...How High? Bitcoin (BTC) Rally Next? https://youtu.be/0zmbJr2-WyU
The price of the token often moves in lockstep with comments made by the Tesla CEO. Doge is up 51,54% in the last 24 hours after the SpaceX chief changed his Twitter bio to “Chief of Twit” on Wednesday. We will see how high it goes.
San Jose Costa Rica October 29, 2022, rafaelvilagut@gmail.com
No hay comentarios:
Publicar un comentario