Bitcoin, Ethereum decline as Dogecoin leads gains

[mayalily]

Dogecoin led the top 10 cryptocurrencies in Asia, rising 1.41% to US$0.06415 in anticipation of Elon Musk's upcoming biography. Bitcoin and Ether slipped during afternoon trading in Asia, with market experts predicting lower lows. Dogecoin was the biggest gainer, rising 1.41% to US$0.06415. Ethereum dropped 0.18% to US$1,624 and declined 1.24%. Toncoin was the biggest loser but strengthened 20.67% on the week. The total crypto market capitalization fell 0.78% to US$1.04 trillion, while market volume increased 11.51% to US$24.07 billion.

 

[ShanaShh73]

it seems to me the hype will be over soon

 

[Bash4j]

Dogecoin led the top 10 cryptocurrencies in Asia, rising 1.41% to US$0.06415 in anticipation of Elon Musk's upcoming biography. Bitcoin and Ether slipped during afternoon trading in Asia, with market experts predicting lower lows. Dogecoin was the biggest gainer, rising 1.41% to US$0.06415. Ethereum dropped 0.18% to US$1,624 and declined 1.24%. Toncoin was the biggest loser but strengthened 20.67% on the week. The total crypto market capitalization fell 0.78% to US$1.04 trillion, while market volume increased 11.51% to US$24.07 billion.

Sadly the bulls failed to hold the Doge price above the EMA ($0.06) on Sept. 6, just as the bears held their ground.
This negative view will be invalidated in the near term if bulls kick and sustain the price above the 20-day EMA. Such a move will suggest the start of a stronger recovery to $0.07 and eventually to $0.08.
More so ARK Invest said in a report that cryptocurrencies could continue to face headwinds in the remainder of 2023 due to several macroeconomic issues, such as interest rates, gross domestic product estimates, unemployment, and inflation.
Sept. In comparison, the bulls will be closely following the decision of the United States Securities and Exchange Commission on the various Bitcoin spot exchange-traded fund (ETF) applications.

 

[BashirJasper]

Well, with the anticipated liquidation of FTX assets containing over $560M BTC and $1.16B SOL, we expect another bearish period for BTC. Probably the memecoins season may be here for along time even when the news of BTC spot ETF applications consideration lead to a bullish movement momentarily yesterday. Notwithstanding, it's that time of the year when stacking with DCA and staking becomes a wise strategy for a wider section of the users.
I also read that lots of these and more will be discussed during Token 2049 summit in Singapore where industry experts are meeting to deliberate on the the industry next move though Gracy Chen has been speaking heavily on her disapproval of some aspect of WorldCoin in the last 48 hours according to sources from CoinTelegraph; another project that has caused a lot of debate recently.

 

[ImamShaheb]

Dogecoin led the top 10 cryptocurrencies in Asia, rising 1.41% to US$0.06415 in anticipation of Elon Musk's upcoming biography. Bitcoin and Ether slipped during afternoon trading in Asia, with market experts predicting lower lows. Dogecoin was the biggest gainer, rising 1.41% to US$0.06415. Ethereum dropped 0.18% to US$1,624 and declined 1.24%. Toncoin was the biggest loser but strengthened 20.67% on the week. The total crypto market capitalization fell 0.78% to US$1.04 trillion, while market volume increased 11.51% to US$24.07 billion.

Just a normal memecoin thing🫥! It's all about hype & because of Elon, Bitget,nance,Kucoin,all the big players are the backer of this memecoin!

 

[ImamShaheb]

it seems to me the hype will be over soon

Yeap, every trend starts & ends with memecoin surge. One of the prime examples ~

 

[forumspeaker]

I think dogecoin soon will be zero coin as Mask will no do the same thing again

 

[ImamShaheb]

I think dogecoin soon will be zero coin as Mask will no do the same thing again

What are you talking about brooo.Not only Tesla but also Honda wants DOGE!

It's on accumulation zone & let it break the zone first ya...