Loading… Loading…
This week served as a reminder of the thrilling unpredictability of cryptocurrencies. The market experienced sharp fluctuations, with leading cryptocurrencies such as Bitcoin BTC/USD , Ethereum ETH/USD , and Dogecoin DOGE/USD displaying volatile movements. The week kicked off with a surge for Bitcoin, reaching an all-time high. However, the euphoria was short-lived as the cryptocurrency corrected by 7%, causing widespread volatility.
Bitcoins Sudden Slump: On March 5, Bitcoins price plummeted by $5,000, causing shockwaves in the market. This fall followed Bitcoins historic rise to a record high of $69,324 at the Coinbase exchange. The abrupt correction triggered widespread market volatility, leaving investors bracing for potential liquidations of $1.15 billion worth of cryptos. Read the full article here.
Dogecoins Potential Upsurge: Pseudonymous cryptocurrency analyst Kaleo predicts a bullish future for Dogecoin, stating theres plenty more left in the tank. Trading at $0.19 at the time of reporting, Dogecoins market capitalization has doubled over the past week, reaching a staggering $25.9 billion. Read the full article here.
See Also: Trumps Niece Says 2nd Term For Ex-President Would Be Fatal To America As His Cognitive Difficulties Loading… Loading…
Bitcoins Previous Highs: Earlier in the week, Bitcoin was on a tear, nearing $69K and on the brink of reaching a new all-time high. The surge was attributed to the inflow of funds into spot BTC exchange-traded funds (ETFs), the upcoming halving event, and rising investor interest. Read the full article here.
Shiba Inus Future: Shiba Inus SHIB/USD lead developer Shytoshi Kusama hinted at a decentralized SHIB world, drawing parallels with the dot com era. Kusama called for community support to realize this vision, suggesting a new era for Shiba Inu. Read the full article here.
Jim Cramers Take on Bitcoin Rally: CNBC's Jim Cramer offered his insights into Bitcoins rally. He believes that something more than the recently approved spot Bitcoin ETFs and the anticipated halving event is driving the buying. Read the full article here.
Read Next: Trumps Organization Looks To Middle East With $4B Saudi Deal To Bolster His Real Estate Mogul Status Slipping Away In America
Photo by SvetlanaParnikova on ShutterstockEngineered by Benzinga Neuro , Edited by Anan Ashraf
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more. Loading… Loading…
