Crypto Currencies World

Bitcoin is less than 3% away from a new all-time high, while meme coins such as Dogecoin are popping left and right.  The cryptocurrency market has increased substantially in the past 24 hours, with its total capitalization reaching $2.5 trillion. This comes on the back of gains across the board. Most notably, BTC’s price soared above $71,000 as the bulls are now eyeing a new all-time high. Bitcoin Bulls Eye All-Time High Bitcoin’s price took off throughout the past 24 hours. What is interesting is that during the past day, 12 hourly candles in a row closed in the green, accelerating the cryptocurrency and pushing it a lot closer to its former all-time high. At the time of this writing, BTC is trading above $71,000, a point last seen in June this year. The buyers seem eager to achieve a new high. This move comes just a few days before the upcoming US Presidential elections, which are scheduled for next week, November 5th. Source: TradingView Although both candidates have shown some...

DOGE increased its dominance against the other meme coins, with its market cap jumping to almost $25 billion. TL;DR Dogecoin’s price surged to a five-month high, likely fueled by Elon Musk’s social media interaction and discussion of a potential “Department of Government Efficiency (DOGE)” initiative. Despite bullish sentiment, the asset’s RSI at 78 suggests it may be overbought, raising the potential for a short-term correction. DOGE’s Bull Run The  biggest  meme coin in terms of market capitalization continues its impressive performance. Its price spiked by over 15% in the past 24 hours, currently trading at $0.1646 (per CoinGecko’s data). Several hours ago, DOGE reached almost $0.17, the highest mark observed since the end of May this year.  DOGE Price, Source: CoinGecko Its rally could  be attributed  to Elon Musk’s interaction on X. On October 28, Tesla’s CEO  posted  an  interesting  picture depicting him flexing during a public speech....

 DOGE’s surge came after another interaction by Elon Musk. Bitcoin’s price continued its uptick since the Saturday night slump and jumped above $68,000 and even neared $68,500 earlier today. The altcoins are also slightly in the green today, with BNB going above $590 and ETH surging past $2,500. BTC Above $68K The primary cryptocurrency went through some enhanced volatility during the previous business week amid  massive inflows  toward the spot Bitcoin ETFs. It went from over $69,500 on Monday to $65,000 in just a few days to Wednesday. Another rally came that pushed it north for nearly $69,000 on Thursday, but the bears returned on Friday night and initiated another leg down. It was driven by FUD around Tether and BTC slumped to $65,500 during the night. However, the bulls emerged almost immediately and  drove  bitcoin up to $67,000 during weekend. The asset continued to gain traction during the early hours of Monday. It spiked above $68,000 and climbed to a m...

Bitcoin is less than 3% away from a new all-time high, while meme coins such as Dogecoin are popping left and right. The cryptocurrency market has increased substantially in the past 24 hours, with its total capitalization reaching $2.5 trillion. This comes on the back of gains across the board. Most notably, BTC’s price soared above $71,000 as the bulls are now eyeing a new all-time high. Bitcoin Bulls Eye All-Time High Bitcoin’s price took off throughout the past 24 hours. What is interesting is that during the past day, 12 hourly candles in a row closed in the green, accelerating the cryptocurrency and pushing it a lot closer to its former all-time high. At the time of this writing, BTC is trading above $71,000, a point last seen in June this year. The buyers seem eager to achieve a new high. This move comes just a few days before the upcoming US Presidential elections, which are scheduled for next week, November 5th. Source: TradingView Although both candidates have shown some supp...

 A 25% price spike or a surge to a massive bull run: what could be next for DOGE? Dogecoin surpassed $0.14 once again, potentially fueled by Elon Musk’s recent appearance at a Trump rally and his playful nod to the meme coin. Analysts see the potential for more price hikes, with targets up to $0.175 or higher if resistance levels  are broken  to the upside. DOGE on the Run Again The  biggest  meme coin in  terms of  total market capitalization is the best-performing top 10 cryptocurrency today (October 28). It is up 6% daily, currently trading well above $0.14.  DOGE Price, Source: CoinGecko DOGE’s resurgence could be linked to Elon Musk’s latest interaction. Tesla’s CEO participated in Donald Trump’s rally at Madison Square Garden on October 27, urging people to vote for the Republican in the upcoming presidential elections ( scheduled for  November 5). He once again spoke about establishing a potential Department of Government Efficiency (D...