Market flips bullish as Dogecoin rallies
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$108,111.00
-1.36%$2,511.97
-2.96%$2.22
-1.35%$653.59
-1.39%$147.84
-2.90%$0.999802
-0.00%$0.282539
-1.55%$0.163055
-5.20%$2,510.22
-2.96%$0.573571
-4.22%$108,019.00
-1.33%$39.14
-3.05%$3,034.66
-2.79%$2.88
-4.58%$485.34
-2.35%$13.18
-3.50%$9.02
-0.04%$17.83
-3.81%$0.999852
-0.00%$0.238241
-1.91%$2.75
-3.62%$2,690.86
-2.89%$0.00001145
-3.70%$86.88
-2.40%$2,512.07
-2.94%$0.153368
-3.35%$45.01
2.83%$1.00
0.07%$313.51
-1.91%$0.999865
-0.02%$108,124.00
-1.34%$4.43
-3.13%$3.36
-4.94%$6.95
-6.87%$0.00000966
-4.61%$266.20
-4.72%$0.469719
-5.06%$1.18
0.03%$48.86
-2.23%$326.32
-3.45%$4.41
-7.01%$1.00
0.00%$179.46
-3.01%$2.13
-5.85%$4.79
-4.34%$0.081118
-2.74%$16.30
-3.99%$0.776198
-2.40%$1.058
0.02%$0.999002
-0.02%$0.075846
-3.43%$4.43
0.28%$0.560349
-4.18%$15.42
-2.32%$23.16
-4.55%$4.01
-4.16%$0.02084325
-4.99%$0.675474
-6.26%$8.52
-4.41%$108,105.00
-1.24%$0.078025
-3.34%$3.15
-4.59%$0.179777
-3.91%$0.323984
-5.76%$0.253673
-8.40%$106.19
-2.56%$2.27
-5.32%$2,511.25
-2.92%$4.46
-1.33%$0.173657
-4.65%$0.874758
-7.22%$0.997981
-0.01%$0.999832
0.00%$0.257609
-5.31%$10.99
-0.69%$156.64
-2.95%$0.00001769
6.55%$1.00
-0.01%$0.434961
-5.26%$1.22
-0.42%$2,632.28
-2.93%$2,860.90
-2.97%$1.18
-2.98%$1.22
-4.88%$0.0165925
-1.62%$0.999984
-0.01%$1.51
-7.61%$10.79
-6.55%$0.01646977
-2.51%$1.56
-5.77%$0.311048
-6.12%$0.999958
0.04%$0.647989
-5.80%$0.060599
0.50%$2,679.48
-3.23%$1.11
0.06%$2,639.04
-2.89%$3,344.43
0.27%$0.530949
-7.45%$107,910.00
-1.42%$0.154259
-6.11%$108,028.00
-1.38%$0.999778
0.01%$653.54
-1.39%$2,646.43
-2.88%$0.845986
-8.03%$108,823.00
-1.47%$2.91
-0.02%$3,341.46
0.38%$0.082517
-5.41%$0.432138
-6.46%$2.24
-3.43%$0.47972
-3.75%$165.96
-2.80%$193.00
-2.91%$2,714.02
-2.93%$0.0000743
-6.00%$111.69
0.00%$2.02
-4.09%$0.504641
-5.14%$0.687007
-4.49%$10.73
0.00%$0.998313
0.08%$0.724173
-5.85%$40.07
-1.15%$0.749414
-3.46%$1.093
0.04%$0.01389244
-6.07%$39.14
-3.16%$18.46
-4.57%$0.155363
-5.14%$0.0000006
-1.95%$0.241338
-5.36%$107,225.00
-1.75%$0.01213431
-4.97%$0.998171
0.07%$0.539673
5.01%$0.218402
0.19%$0.414173
-3.67%$107,997.00
-1.09%$2,510.42
-2.97%$0.529837
-3.95%$0.096691
-6.88%$2.06
-5.03%$2,511.46
-2.95%$3.33
-5.42%$0.999902
-0.00%$2,682.75
-3.06%$0.00804205
0.12%$2,603.81
-4.76%$0.323819
-4.80%$108,168.00
-1.36%$2,511.71
-2.94%$0.501636
-3.57%$0.998622
0.01%$0.256968
-4.93%$39.13
-3.18%$0.999711
-0.03%$0.594961
-5.58%$0.0138618
-3.48%$23.55
-3.97%$1.30
-6.54%$0.9998
-0.00%$0.00000044
-0.95%$0.207102
3.78%$0.060151
-0.85%$0.393641
-3.11%$7.42
-0.95%$1.35
-4.47%$0.163367
-4.96%$0.04212959
-5.27%$0.159264
-5.19%$0.00413317
-3.06%$1.093
0.02%$2.22
-1.59%$0.998107
-0.43%$0.11172
-5.47%$0.00684545
-5.69%$0.999803
-0.02%$0.526258
-4.42%$2,670.34
-2.98%$0.387044
-5.34%$41.18
-4.14%$5.42
-4.56%$13.36
-5.27%$0.318661
0.96%$0.00000097
-7.61%$1.00
0.28%$0.072373
-5.64%$1.52
-6.41%$107,678.00
-1.52%$0.00001817
-4.04%$0.142804
-5.89%$2.15
-6.76%$0.00385065
-2.90%$0.999824
-0.02%$2,768.89
-2.98%$0.927988
-6.60%$2,511.33
-2.82%$1.11
-5.79%$0.346682
-5.62%$0.479147
-3.90%$0.03442362
-0.83%$0.0348771
-4.81%$2,748.19
-2.88%$20.30
0.29%$0.999393
-0.04%$108,064.00
-1.30%$5.04
-6.55%$0.499815
1.48%$0.01720937
-2.02%$0.04593995
-7.60%$2,511.40
-2.92%$1.10
-2.76%$0.315697
-4.42%$0.998918
-0.01%$1.002
0.28%$0.066282
-7.08%$0.00005598
-3.03%$0.0058294
-5.50%$0.00359324
5.14%$2,500.86
-3.25%$0.999413
0.00%$10.06
-1.91%$161.34
-2.89%$0.300444
-6.13%$1.087
2.99%$1.003
0.20%$108,402.00
-1.05%$0.00000143
-3.62%$0.641252
-4.71%$0.693605
-3.51%$109.15
-3.64%$0.110802
2.00%$3,041.87
-2.95%$1.019
0.05%$17.83
-3.81%$1.22
0.11%$0.595353
-1.64%$2,170.88
-1.35%$1.63
0.06%$101,795.00
-0.15%$0.262378
4.57%$15.54
-0.47%$0.179711
-3.94%$0.00296099
-4.36%$0.02559301
-7.07%$0.00365456
-4.77%Reading
The price of Dogecoin (DOGE) has surged 7.8% over the day, making it the second-best performing asset among the top 10 cryptocurrencies.
As per CoinGecko, the volatile meme coin hit a 3-week high of $0.0787 earlier on Monday before backtracking to $0.0778 by press time. DOGE is also up more than 10% in the last seven days, wiping off losses it suffered throughout the end of December.
In terms of daily gains, Dogecoin—currently the industry’s ninth-largest cryptocurrency by market capitalization—trails Cardano (ADA), which is up 11.4% over the span.
The latest price action also comes as the wider crypto market has been enjoying a surge of positive sentiment, with the price of Bitcoin (BTC) making a return to levels above $17,000 on Sunday for the first time since mid-December.
Other notable top gainers of the day include Solana (SOL), which continues to enjoy a massive price rally of almost 20% over the day and as much as 64% in a week.
The value of both Solana and Cardano spiked by over 21 percent late Sunday, according to data from CoinGecko, both reentering territory not seen by either since November. Cardano, the eighth-largest cryptocurrency by market cap, saw its price spike to $0.33—a price not seen since November 19. Meanwhile, Solana, which kicked off a remarkable run with an 11% jump in value on Monday, spiked again Sunday to $16.04, territory it hasn't seen since Nov. 9, when it was partway through a collapse of more...
Litecoin (LTC) is up 7.6% over the past 24 hours, followed by Uniswap (UNI) and Binance Coin (BNB) with price spikes of 7.3% and 6.3%, respectively.
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is up 4.6% over the day, trading at a four-week high above $1,323.
Investors are also keeping a close eye on the upcoming Consumer Price Index (CPI) report, set to be released at 8:30 am ET on Thursday.
The CPI report, which outlines details on the inflation picture for the month of December, is considered the most important economic report preceding the Federal Open Market Committee (FOMC) meeting that concludes on February 1. This report will help determine the size of the Federal Reserve’s subsequent interest-rate increase.
With inflation projected to have risen 0.3% in December, markets expect the Fed to raise rates by 0.25 percentage points to 4.5%-4.75%, although there are chances for a larger 0.5 percentage point hike.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Ding ding ding—we have a winner! A solo miner bagged a reward of 3.173 BTC ($349,028) by mining Bitcoin block number 903,883 late Thursday night. Winners like this don’t come around often; in fact, one expert says an underdog this small will only win every eight years on average. Thursday night’s lucky winner was identified as using Solo CK, a non-profit service that enables Bitcoin miners to attempt to mine solo blocks. By using Solo CK, the miner paid a 2% fee but avoided the overhead required...
A whale who had held onto a Bitcoin fortune for 14 years on Friday started moving the enormous stash of 80,000 BTC—worth $8.6 billion at today's prices. The coins started moving in batches of 10,000 BTC, or about $1 billion in BTC, early morning New York time on Friday, data from Arkham Intelligence shows. By 11 a.m. Eastern Time, the $8.6 billion in crypto had been shifted to new addresses. Eagle-eyed blockchain observers were quick to point out on X that the movements came from an entity tha...
A malware campaign is leveraging malicious Firefox add-ons that impersonate legitimate crypto wallets in a bid to steal unwary users’ funds, according to a new study. Koi Security discovered that more than 40 malicious extensions were impersonating real crypto wallets as part of the “FoxyWallet” campaign, including Coinbase Wallet, MetaMask, Trust Wallet, Phantom, Exodus, OKX, Keplr, and MyMonero. The malware campaign sees malicious code used to exfiltrate wallet secrets to attacker-controlled...