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Bitcoin and other cryptocurrencies are likely to witness a pick up in volatility following the Fed’s rate decision on Sep. 20. Bitcoin’s (BTC) recovery is facing selling above $27,000, indicating near-term nervousness due to the Federal Reserve’s meeting on Sep. 20. However, long-term investors are unfazed and they have continued to accumulate. Glassnode data shows that Bitcoin’s inactive supply has been at all-time highs since July. This bullish temperament is not reflected in institutional activity, however. Investors have cut down on their cryptocurrency exposure and are sitting on the sidelines awaiting more clarity on the regulatory and macroeconomic front. Asset manager CoinShares reported that outflows from exchange-traded products hit $455 million over the past nine weeks. Daily cryptocurrency market performance. Source: Coin360 Meanwhile, analysts remain divided about Bitcoin’s near-term price action. Bollinger Bands creator John Bollinger speculated in a X (formerly Twitter)...

The recovery in Bitcoin and altcoins is facing selling at higher levels, indicating that the overall sentiment remains negative. Bitcoin (BTC) has been stuck inside a large range since April, indicating indecision about the next directional move. Efforts by the bears to sink the price below the support of the range were thwarted by the bulls on Sep. 11. However, Bitcoin is not out of the woods yet.  Jamie Coutts, a chartered market technician and crypto market analyst at Bloomberg Intelligence, while speaking to Cointelegraph said that if the tightening cycle extends, followed by “an uptick in unemployment and more stress in the banking sector, then there could be a bit more pain for risk assets like Bitcoin.” Daily cryptocurrency market performance. Source: Coin360 Cryptocurrency traders have also remained cautious. A Bitfinex report shows that the cryptocurrency industry witnessed capital outflows of $55 billion in August. The drop in liquidity has caused isolated events to “have a ...

Pierre Rochard said that Bitcoin is the best digital money network and everything else is worse. Cointelegraph's Joseph Hall interviewed Bitcoin (BTC) advocates Pierre Rochard and Morgen Rochard, the hosts of the Bitcoin for Advisors podcast at the Surfin’ Bitcoin 2022 Event held in France. The group talked about how France can attract more miners, where Bitcoin comes in in terms of financial planning and the difference between Bitcoin and other cryptos.  According to Pierre Rochard, who also works at the mining firm Riot Blockchain, there are two ways for France to attract large-scale Bitcoin miners. The first is to provide assurances in terms of policies on Bitcoin mining. In addition to this, the country should provide a power grid that is favorable for miners. He explained:  “We're seeing Japan is now opening up or changing policies on nuclear power, and I think that France should reinvest in its nuclear power and really they should be able to attract Bitcoin miners mor...

Elon Musk’s connection with Dogecoin has gained widespread attention in the cryptocurrency community. Musk has consistently shown his fondness and backing for the prominent meme coin through various means. However, recent events have resulted in a lawsuit, with Dogecoin investors alleging insider trading involvement by Musk concerning Dogecoin . Also read: Shiba Inu Weekly Burn Update: 268 Million SHIB Burned Musk’s active involvement has played a significant role in elevating Dogecoin from a mere meme to its current status. His tweets regarding Dogecoin , the acquisition of Twitter , and the recent rebranding of Twitter to “ X ” have all contributed to influencing the price of DOGE. In one of his recent tweets, Musk hinted that “something special soon” is coming. The tweet caught the attention of the Dogecoin community. 👀 — Sir Doge of the Coin ⚔️ (@dogeofficialceo) July 29, 2023 Speculations of Dogecoin ...

The relationship between Dogecoin and Elon Musk has become well-known within the cryptocurrency community. Musk has consistently displayed his affinity and support for the prominent meme coin through various actions. However, recent developments have led to a lawsuit, with Dogecoin investors accusing Musk of insider trading involving Dogecoin . Also read: Polygon Considers Governance Restructure in Upcoming Polygon 2.0 Roadmap Musk’s involvement has been instrumental in the transformation of Dogecoin from a simple meme to its current position. His tweets about Dogecoin , acquisition of Twitter, and recent replacement of the Twitter logo with the Dogecoin symbol have all contributed to driving up the price of DOGE. Now, the largest meme coin has displayed a surge in its price. The surge in price follows a recent tweet by Musk. Doges ftw pic.twitter.com/bl0trQ7BdU — Elon Musk (@elonmusk) July 19, 2023 DOGE surges by 4% following Musk’s twe...

The strength in the S&P 500 and weakness in the U.S. Dollar Index could limit the short-term downside in Bitcoin and select altcoins. The S&P 500 Index (SPX) has gained for five consecutive weeks, the first such instance since November 2021. In comparison, Bitcoin (BTC) is trading well below its local high of $31,000, made on April 14. This shows a clear divergence between the performance of the two asset classes. Some analysts expect Bitcoin’s range-bound action to continue for some more time. Cryptocurrency traders will be looking for some positive triggers that could push the price above the range. One such rumor floating in the markets is that after BlackRock filed for a Bitcoin spot exchange-traded fund, Fidelity Investments may also follow suit. If that happens, it will be a positive sign for the markets. Daily cryptocurrency market performance. Source: Coin360 Another positive for the cryptocurrency markets has been that the U.S. Dollar Index (DXY) softened in the past...

Ordinals on Bitcoin debuted in January 2023 and have been a hot topic of discussion since then. Ordinal Inscriptions are quite similar to NFTs but come with a slight twist. Simply put, they are digital assets inscribed on a Satoshi, the lowest denomination of Bitcoin. The network’s SegWit and Taproot upgrades that took place to improve the privacy and efficiency of the network also opened the doors for Satoshi inscriptions. In February, a developer forked the Ordinals project to PoW blockchain Litecoin. At that time, a pseudonymous Twitter user with the username indigo_nakamoto offered around 5 LTC [approximately $500] to anyone who could port Ordinals to Litecoin. The reward was later increased to 15 LTC and 22 LTC. Motivated by the bounty, Australian software engineer Anthony Guerrera posted a repository on GitHub that forked the Bitcoin Ordinals protocol to Litecoin. Likewise, people from the DOGE community copied the Ordinals protocol to create the same functionality on Dogecoi...

Twitter CEO Elon Musk changed the iconic social media giant’s bird logo to his most loved cryptocurrency Dogecoin . DOGE spiked 30% after the logo change making the meme currency touch $0.1 after the development. Its rival Shiba Inu on the other hand jumped 5% and both the tokens are attracting bullish sentiments. Musk announced in early 2021 that he invested in Dogecoin , but how many Shiba Inu tokens does he own? In this article, we will highlight which cryptocurrencies the Tesla founder Elon Musk owns. Also Read: Man Misses Making $21 Million With An Investment of $200 In SHIB How Many Shiba Inu Tokens Does Elon Musk Own? Source: Twitter Elon Musk , the self-proclaimed Dogefather publicly revealed during the ‘B Word’ conference last year that he owns three different cryptocurrencies. The cryptocurrencies that Musk owns in his portfolio are Bitcoin, Ethereum, and Dogecoin . Musk confirmed that he owns no other cryptos apart from these three and has mostly kept them as a long-t...

Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers? There are rumors that Dogecoin could switch from proof-of-work to proof-of-stake (PoS).  Do I know if Dogecoin is switching to PoS? No. Do I think it’s going to PoS? Probably not. But I love the “what if” game. As a person who works in the crypto mining industry, I do my best to gauge where the market and mining industry are going, along with how that could play out. If Dogecoin makes a change to PoS or some other change to how new blocks are created, it would have massive ramifications for the mining industry. Here’s a look at a few options and their effects. Scrypt mining could be devastated I’m not going to debate whether or not Dogecoin will or should switch to PoS. While it’s hard to determine if the recent rumors about the potential for a switch are true or not, they were enough to have Bitmain supposedly pause Litecoin (LTC) and Dogecoin (DOGE) ...

ShibaSwap is a decentralized exchange platform launched to expand the utility and capabilities of the SHIB token ecosystem. ShibaSwap is a DeFi platform featuring decentralized exchange (DEX) and passive income-generating services like staking, liquidity pools, and yield farming in its ecosystem. Launched in July 2021, ShibaSwap is a fork of SushiSwap, a popular DEX tweaked from Uniswap (UNI), the world's leading DEX by volume. But unlike its rivals, ShibaSwap's core purpose has been mostly about boosting the utility of Shiba Inu tokens. What are Shiba Inu tokens? ShibaSwap uses three main tokens, namel Shiba Inu (SHIB), Doge Killer (LEASH), and Bone (BONE). Let's discuss them in detail as follows. Shiba Inu (SHIB) Shiba Inu (SHIB) is a Dogecoin-inspired meme-coin created in August 2020 by the pseudonymous "Ryoshi." During its ICO, the founder(s) distributed one quadrillion SHIB, with half allocated to Ethereum co-founder Vitalik Buterin. Later, Buterin donated 5...

Midway through 2022, The dogecoin community was confident that their favored asset will be reaching $1 by the end of 2022. Top Dogecoin influencer Matt Wallace claimed that the meme-coin will reach $1 by December 31, 2022, and had revealed exclusively to Watcher Guru that he would delete his YouTube account if it didn’t. Read Matt Wallace’s price prediction about Doge touching $1 by the end of 2022 here. Also Read: Dogecoin: When Will Doge Breach Its All-Time High of $0.73? I am so confident #Dogecoin will pass $1 by the end of the year, that I will delete my YouTube channel if it does not. — Matt Wallace (@MattWallace888) June 15, 2022 Now that we’re in 2023, Doge didn’t breach $1 and is trading at $0.06 on Monday. It is also down 90.5% from its all-time high of $0.73, which it reached in May 2021. The responsibility of pushing Dogecoin to $1 is now reliant on the DOGE-1 mission. Will Doge reach $1 after the space mission by Elon Musk is ...