DOGE, SHIB Rally Eases as Bitcoin Bullishness Remains 'Elevated'
Submitted by Anonymous (not verified) on Tue, 03/12/2024 - 11:40Bitcoin ETF inflows could lead to a “sell-side” crisis in the coming months, one market observer said.
Bitcoin ETF inflows could lead to a “sell-side” crisis in the coming months, one market observer said.
The price of Shiba Inu (SHIB) is still above the moving average lines, but the uptrend has stopped at $0.00004500 on March 5, 2024.
The price of Dogecoin (DOGE) is trading above the moving average lines as it recovers from a downtrend.
The best performing cryptocurrencies this week are listed below.
The Bitcoin (BTC) price has been on an incredible uptrend, rising to a high of $70,184.
The moving average lines and the price range of $0.70 to $0.74 are the current trading ranges for the altcoin.
Traders have been using meme tokens as a proxy bet on the growth of Ethereum or other blockchains.
The tokens have been sold to an undisclosed buyer and will be vested for two years.
The current uptrend will continue as the price bars are above the moving average lines.<br />
Data from CoinGecko shows the AI token category was up 25% on average in the past 24 hours, compared to bitcoin’s 0.3% increase.
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