Dogecoin has shown remarkable growth in the ongoing bull cycle. Many crypto enthusiasts continue to demonstrate robust confidence in the DOGE’s potential as they predict a major growth for the dog-themed meme coin in the short term, allowing it to catalyze a general altcoin market rally. Chart Pattern Signals Robust Performance For Dogecoin With key indicators showing a bullish outlook for Dogecoin, Trader Tardigrade, a market expert and investor has underlined DOGE’s potential to dominate the altcoin market, even surpassing Bitcoin, the largest crypto asset. Given the momentum building on the Dogecoin Dominance on Bitcoin Dominance (DOGE.D/BTC.D) chart, he asserted that the meme coin may be on the verge of igniting a broader altcoin rally. His forecast hinges on the emergence of a bullish chart pattern, particularly the Falling Wedge formation on the DOGE.D/BTC.D weekly chart. A falling wedge formation is a bullish pattern that points to a reversal of a downward trend, which forms a converging descending trendlines of lower highs and lower lows. Given that the pattern typically precedes a strong recovery trend, Dogecoin might undergo a notable reversal soon, thereby strengthening its dominance. According to the expert, the falling wedge formation is currently supported by a key level, bolstering a bullish breakout from the pattern. As a result, Trader Tardigrade is confident that DOGE could outperform Bitcoin . Considering the robust performance, he also highlighted that DOGE is likely to lead the much-anticipated altcoin season in the upcoming weeks. This suggests that the increasing strength of Dogecoin in comparison to Bitcoin may trigger a greater shift in capital from BTC towards altcoins. DOGE Maintaining Its Pace With Bitcoin Dogecoin continues to attract investors’ attention and interest, cementing its position as a leading altcoin. Daan Crypto Trades, a crypto analyst and trader asserted that if any altcoin exhibits the true altcoin price action, it must be DOGE . Extended periods of bleeding and consolidations followed by swift and significant increases are typically considered the price action of an altcoin. According to Daan Crypto Trades, Dogecoin boasts of this behavior as seen over the years. Looking at past cycle performances of DOGE, the experts claim the meme coin has been one of the strongest altcoins thus far. While the majority of altcoins never recover after dropping by 99%, DOGE has been seen consistently recovering from significant price drops. Furthermore, Dogecoin is one of the few coins in the market that has lasted through multiple cycles and kept up its pace with BTC over time. This reflects its resilience during volatile seasons driven by strong investor interest and momentum. Currently, the meme coin has fallen to the $0.32 threshold, demonstrating a nearly 1% decline in the past. Data from CoinMarketCap shows that its trading volume has declined by more than 35% within the same time frame.
Robert Kiyosaki, author of Rich Dad Poor Dad, predicted a potential crash in gold, silver, and Bitcoin, viewing…
Bitcoin’s price faced a sharp decline on Friday as uncertainty regarding new tariffs announced by President Trump’s administration took center stage. As tensions rise between the U.S. and trading partners,
The price of Bitcoin dove Friday after President Trump’s team confirmed that tariffs on China, Mexico, and Canada are imminent.
Recent data indicates that retail traders have sold a significant amount of Bitcoin, while whales are absorbing the selling pressure, hinting at possible volatility in the market. Despite a 1.18%
On Jan. 30, the firm announced the Grayscale Bitcoin Miners ETF with the ticker MNRS. The product is a passively managed ETF tracking the mining industry and the Indxx Bitcoin Miners Index. “MNRS provides exposure to Bitcoin Miners and the global Bitcoin mining industry at a time when we’re seeing unprecedented interest and growth in Bitcoin,” stated Grayscale. The fund provides exposure to companies involved in Bitcoin mining and network verification, mining pool services, and infrastructure support, such as data centers, ASIC hardware, and GPUs. Introducing the Grayscale Bitcoin Miners ETF (ticker: $MNRS ) $MNRS offers investors targeted, pure-play exposure to #Bitcoin Miners and the Bitcoin Mining Industry, available directly in your investment account. Learn more about $MNRS : https://t.co/kCpi8yOYF1 pic.twitter.com/6z5Kctq2Xy — Grayscale (@Grayscale) January 30, 2025 Grayscale Expands Offerings Digital asset investor Mike Alfred said it was good timing, explaining that the fund tracks the Indxx Bitcoin Miners Index (IBMIIN) and its largest positions initially are Marathon Holdings (MARA) (16.9%), Riot Platforms (RIOT) (12.1%), Core Scientific CORZ (9.33%), CleanSpark (CLSK) (4.86%), and IREN (4.43%). David LaValle, Global Head of ETFs at Grayscale, said that BTC miners “are well-positioned for significant growth as Bitcoin adoption and usage increases, making MNRS an appealing option for a diverse range of investors.” Grayscale is the issuer behind four major spot ETFs, the Grayscale Bitcoin Trust ETF (GBTC), Bitcoin Mini Trust ETF (BTC), Grayscale Ethereum Trust ETF (ETHE) and Grayscale Ethereum Mini Trust ETF (ETH). GBTC has lost $21.8 billion in outflows since spot ETFs were approved in the US a year ago. However, it still has $21 billion in assets under management and holds 201,319 BTC, according to the official website. Its lower fee Bitcoin Mini Trust has seen inflows of $1.2 billion over the past year, ranking it fifth among the eleven spot BTC ETFs in the US. The company has filed applications with the US Securities and Exchange Commission for a spot Litecoin ETF and spot Solana ETF. Crypto ETF Latest News On Jan. 30, the SEC approved an application from Bitwise to list a joint spot Bitcoin and Ethereum ETF offering exposure to both assets. The “Bitwise Bitcoin and Ethereum ETF” would hold BTC and ETH weighted according to each asset’s relative market capitalization, which was 83% BTC and 17% ETH at the time of filing. Bitwise also filed for a spot Dogecoin (DOGE) ETF this week, while Tuttle Capital filed for ten leveraged crypto ETFs. The post Grayscale Announces Bitcoin Mining Industry ETF (MNRS) appeared first on CryptoPotato .
Jack Mallers predicts Bitcoin's rise by 2025 amidst a weakening US dollar. He warns of short-term volatility due to market uncertainties. Continue Reading: Jack Mallers Predicts Bitcoin’s Rise by 2025 as Dollar Weakens The post Jack Mallers Predicts Bitcoin’s Rise by 2025 as Dollar Weakens appeared first on COINTURK NEWS .
Retail traders have sold 6,000 BTC, while whales hold strong, absorbing selling pressure. Bitcoin’s accumulation signals a potential breakout above $105,500.
Bitwise Chief Investment Officer Matt Hougan believes the long-standing four-year cycle in Bitcoin (BTC) and crypto market has…
The stablecoin market cap reached a new record high above $200 billion. Is it a sign that Bitcoin and altcoins will rise higher?