Tag: Dgbusd

DOGE’s Revenge: Surging 18% Flippening Back Shiba Inu as Top 9

by CryptoPotato

Just hours after Shiba Inu surpassed Dogecoin in terms of market capitalization in the top 10 largest coins, the latter has reclaimed its supremacy. DOGE is up by double-digits on a daily scale, while SHIB has retraced from its recent ATH.

  • Aside from Bitcoin’s growing adoption, the cryptocurrency community will remember 2021 as the year of the meme coins.

  • Propelled by Elon Musk and his never-ending support for Dogecoin, the number of such coins skyrocketed, and so did their popularity.

  • Shiba Inu, which actually saw the light of day last year – before all the hype, is perhaps the hottest trend at the moment. The self-described Dogecoin-killer charted near 1,000% gains in the past month and tapped consecutive all-time highs.

  • The latest came earlier today at over $0.000086. Keeping in mind the massive total supply, this meant that the meme coin’s total market capitalization neared $50 billion (on CoinGecko).

  • As such, it managed to surpass DOGE in terms of this metric and was the 9th largest digital asset by market cap.

  • However, the DOGE army has rallied up and retaliated. The asset has surged by nearly 20% on a 24-hour scale and has pumped above $0.3, which is the highest price tag since early September.

DOGE/USD. Source: TradingView
DOGE/USD. Source: TradingView

  • At the same time, SHIB has retraced by about 15% since its peak and currently sits at $0.000072.

  • Consequently, Dogecoin has taken back its spot as the 9th largest crypto on CoinGecko and is just ahead of Shiba Inu as of writing these lines.

Dogecoin Vs. Shiba Inu. Source: CoinGecko
Dogecoin Vs. Shiba Inu. Source: CoinGecko

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Bitcoin Price Rejected at $38K as BTC’s Dominance Down to 42% (Market Watch)

by CryptoPotato

Following yet another dump to about $34,000, bitcoin bounced off and even neared $38,000 for a new three-day high. However, it failed to continue upwards, and its market dominance has declined to 42% as most alternative coins, including ETH, BNB, and ADA, have charted more significant gains.

Altcoins In The Green

The past several days didn’t go all that well for the alternative coins, and many of them failed to recover the recent losses. However, the situation has changed to a large extent since yesterday.

Ethereum struggled around and below $2,500 for days but has pumped by 7% and is well above $2,600 as of now. Cardano, which surpassed Binance Coin yesterday as the fourth-largest digital asset, has continued upwards after another 6% increase. As a result, ADA trades around $1.7.

BNB has also surged in the past 24 hours and is currently at roughly $350. XRP (5%), DOGE (8%), DOT (9%), UNI (7%), and LINK (9%) are also well in the green from the larger-cap altcoins.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Kusama has surged the most from the top 100 coins with an 18% jump to $365. THETA (15%), Shiba Inu (14%), Aave (14%), Terra (13%), Theta Fuel (12%), VeChain (12%), PancakeSwap (12%), and DigiByte (11%) complete the double-digit gainers.




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Ultimately, the cumulative market capitalization of all crypto assets added roughly $80 billion since yesterday and is above $1.6 trillion.

Bitcoin Neared $38K But Failed

As reported earlier, bitcoin ended May deep in red with a 35% drop in terms of USD value. In fact, this turned out to be the asset’s second-worst performing month.

June started a bit more positive as BTC bounced off from yesterday’s bottom of $34,200. In the following hours, bitcoin added roughly $4,000 of value and reached a three-day high of nearly $38,000 (on Bitstamp).

However, as it has happened quite a few times in the past several weeks, the bears quickly took control and pushed the price south. As of now, the primary cryptocurrency struggles at $36,000.

Consequently, the altcoins have reduced bitcoin’s market dominance by 1% in a day to 42%. The asset’s market cap is still below $700 billion.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

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Green May: Bitcoin Soars Above $58K, ETH & BNB New ATHs

by CryptoPotato

Following several days of consolidation around and beneath $55,000, bitcoin finally made a move and jumped above $58,000. Despite new records for Ethereum and Binance Coin, BTC actually managed to reclaim some of its recently lost market dominance.

Bitcoin Adds $6K in Two Days

While the altcoin market was producing impressive price pumps lately, bitcoin seemed stalled at best. The primary cryptocurrency had recovered from its April slumps that drove it below $50,000 but had failed to increase any higher than $55,000.

The bears used BTC’s inability to breakout and pushed it south again to about $52,000 on April 29th. Since then, though, the trend reversed, and bitcoin recovered a few thousand dollars in hours.

Consequently, the asset traded around $54,000 before it finally made a notable move upwards. In a matter of hours, the cryptocurrency surged by about $4,500 and reached its highest price tag since the market crash on April 18th.

On its way up, bitcoin’s market cap solidified its position well above $1 trillion. Additionally, BTC recovered roughly 1% of its recently lost market dominance which is now up to 49%.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

New ATHs for BNB and ETH

As mentioned above, most alternative coins have been on a roll lately, perhaps none more impressive than the second-largest cryptocurrency. Ethereum has marked consecutive new records in the past week or so, and it doubled down on this tradition.

In the past 24 hours, ETH spiked to its latest ATH of just over $2,870 (on Bitstamp). Similar development befell the third-largest crypto – Binance Coin. BNB flirted with $600 yesterday but jumped with over $40 in hours to a new record of about $645 (on Binance).

Ripple (4%), Polkadot (1.5%), and Bitcoin Cash (12%) are also in the green from the top ten. Nevertheless, Dogecoin is the most impressive performer with a 15% surge. As a result, DOGE trades north of $0.35.

Cryptocurrency Market Overview. Source: coin360.com
Cryptocurrency Market Overview. Source: coin360.com

Further gains come from DigiByte (29%), Avalanche (22%), SwissBorg (17%), OKB (17%), Ren (15%), Compound (15%), Ethereum Classic (13%), Bitcoin SV (12%), Fantom (12%), and Reserve Rights (10%).

Ultimately, the cumulative market capitalization has added $170 billion in two days and is well above $2 trillion.

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$300 Billion Evaporated From the Crypto Market Cap as BTC Slumps to a 7-Week Low (Market Watch)

by CryptoPotato

Bitcoin’s suffering has only intensified in the past 24 hours with a massive 10% dump to well below $50,000. The alternative coins have it even worse with substantial double-digit price slumps, and the market cap lost roughly $300 billion in a day.

Bitcoin Drops Below $50K

It was less than ten days ago when everything seemed to be going in BTC’s way as the primary cryptocurrency had just painted its latest ATH record of $65,000. However, the ever-volatile crypto markets turned the tides, and the asset started to lose momentum.

This led to Sunday’s vigorous market crash in which bitcoin plummeted by $9,000 in hours. After a few days of trying to regain some of the losses, the situation worsened in the past 24 hours.

Reports emerged that US President Joe Biden is contemplating a hefty new capital gains tax. Whether that’s the main reason or not is still unclear, but the crypto market initiated another significant price drop.

BTC went from a daily high of over $55,000 to an intraday low of $48,500 (on Bitstamp). This became bitcoin’s lowest price tag since early March. Moreover, the cryptocurrency’s market capitalization slumped to well below the coveted $1 trillion tag.




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On the positive side for BTC, its market dominance has jumped to 51.6%, as most altcoins have suffered even more.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

An Ocean of Red Among the Altcoins

As mentioned above, the enhanced volatility didn’t pass by the altcoins. Ethereum, which skyrocketed to a new all-time high less than 24 hours ago at over $2,600, has lost more than $400 and is down below $2,200.

Binance Coin (-16%) has nosedived to $480. Just for reference, BNB was trading high above $600 just a couple of days ago. Ripple (-24%), Cardano (-17%), Polkadot (-18%), Uniswap (-16%), Litecoin (-18%), Chainlink (-16%), and Bitcoin Cash (-20%) are also deep in red.

Even Dogecoin, which took the Sunday market crash rather well, is down by more than 30% to $0.20.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

More losses come from DigiByte (-31%), IOST (-30%), Holo (-30%), Siacoin (-29%), Verge (-28%), BitTorrent (-27%), Ontology (-25%), Ravencoin (-25%), Theta Fuel (-25%), Chiliz (-25%), and many more.

Ultimately, the cumulative market capitalization dropped by about $300 billion in a day to below $1.8 trillion. On a weekly scale, the market cap has lost $500 billion.

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Market Watch: ETH Came Inches Away From New ATH as Bitcoin Dips To $52.5K

by CryptoPotato

Bitcoin’s price continues to suffer as the asset dipped by almost $5,000 in the past 24 hours. Despite recovering some ground, its dominance is agonizingly close to breaking below 50% as some altcoins, including Ethereum and Uniswap, have charted notable gains against the dollar and BTC.

Bitcoin Slumps to $52,500

The primary cryptocurrency is still unable to shake off the losses registered during the weekend when it plummeted to a 3-week low of $51,500. In the next few days, BTC attempted to surge higher but failed at $57,500 on Monday and $57,000 yesterday.

The latest rejection that came less than 24 hours ago pushed bitcoin further south. Since then, the cryptocurrency dumped by about $4,500, leading to a low of $52,500 (on Bitstamp).

So far, bitcoin has bounced off and has regained $2,000 of value, and its market capitalization is back above $1 trillion. However, JPMorgan analysts outlined concerns indicating that the asset risks falling even harder if it fails to overcome $60,000 anytime soon.

The latest adverse price developments have harmed bitcoin’s dominance over the market again. The metric comparing BTC’s market capitalization with all other crypto assets is down to just north of 50% – a new 2-year low.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Retrace but Not ETH

Most alternative coins have followed their leader with steep retracements in the past 24 hours. Binance Coin, which surged above $600 yesterday, has slumped by more than 8% and is down to $560.

Ripple (-7%), Cardano (-3.5%), Chainlink (-2%), Dogecoin (-14%), and Bitcoin Cash (-4%) are also well in the red from the largest-cap altcoins.

In contrast, comes Ethereum’s jump to $2,500 earlier today. Although ETH failed to breach its ATH record and has retraced with about $30, the second-largest cryptocurrency is still more than 6% up on a 24-hour scale.

Uniswap has also pumped hard since yesterday. A 15% surge has driven UNI to north of $36.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Somewhat expectedly, more fluctuations are evident from the lower- and mid-cap altcoins. Celo (-15%), Bitcoin Gold (-12%), Ontology (-11%), Siacoin (-10%), Vechain (-10%), Qtum (-9%), and IOST (-8%) have lost the most.

On the other hand, Maker (32%), DigiByte (27%), Polygon (18%), Solana (17%), Compound (13%), and Aave (10%) have gained the most.

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Crypto Market Cap Recovers $200B as Bitcoin Tops $57,000 (Market Watch)

by CryptoPotato

Bitcoin has bounced off from yesterday’s massive nosedive and has recovered about $6,000 of value. Most alternative coins have followed along with ETH above $2,200 and BNB north of $530, and the crypto market cap has added roughly $200 billion since yesterday’s low.

Bitcoin Adds $6K Since the Dip

It seemed that everything was going in bitcoin’s way last week after the asset finally reconquered $60,000 and went even further to a new all-time high of $65,000. However, the cryptocurrency started to retrace slightly on Friday and the situation intensified on Saturday.

As CryptoPotato reported, BTC headed south vigorously and lost approximately $9,000 of its dollar value in a matter of hours. While the community still debates the possible reasons, the fact is that bitcoin slumped to a 3-week low and its market capitalization plummeted beneath $1 trillion.

After dumping to $51,500 (on Bitstamp), though, the primary cryptocurrency bounced off. In the following day or so, BTC has regained nearly $6,000 and currently sits above $57,000.

It’s worth noting that BTC investors have taken the adverse price developments somewhat positively. Santiment data shows a significant number of comments saying “buy the dip” during the crash and “bought the dip” upon market recovery the following day.




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Bitcoin Price vs. General Community Sentiment. Source: Santiment
Bitcoin Price vs. General Community Sentiment. Source: Santiment

Altcoins’ Recovery; $200B Added in the Market Cap

Somewhat expectedly, most alternative coins had it even worse during the market dump. Ethereum lost more than $400 in hours but has bounced off rather well and currently stands above $2,250.

Binance Coin also plummeted to a low of $440. However, BNB is more than $90 up since then to a price line of over $530. Ripple (11%), Cardano (6.5%), Polkadot (3.6%), Uniswap (3.5%), Litecoin (4.5%), Chainlink (15%), and Dogecoin (16%) are also well in the green.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

More gains on a 24-hour scale are evident from Pundi X (51%), Neo (43%), Qtum (35%), KuCoin Token (27%), DigiByte (27%), Helium (25%), Solana (23%), VeChain (21%), Ontology (20%), IOTA (20%), and more.

Ultimately, the cumulative market capitalization has regained roughly $200 billion since yesterday’s low and is close to $2.1 trillion now.

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Crypto Market Cap Recovers $100 Billion as Bitcoin Reclaims $62K (Market Watch)

by CryptoPotato

Following yesterday’s freefall in which bitcoin risked dipping below $60,000, the asset has bounced off and recovered about $2,000 of value. Most altcoins have also regained some ground, with some more than others. Apart from the top performer DOGE, Bitcoin Cash has spiked by 25% and has re-entered the top ten.

Bitcoin Reclaims $62K

After the latest all-time high registered earlier in the week of $65,000, the primary cryptocurrency reversed its price trajectory. Bitcoin started to gradually drop in value, which escalated yesterday.

As some reports emerged that Turkey will implement a ban preventing digital assets from being used as payment instruments, the first-ever crypto plummeted by more than $4,000 in hours.

This resulted in a daily drop to just above $60,000 (on Bitstamp). However, the bulls regained control and didn’t allow a breakdown beneath that coveted level. Just the opposite, BTC has jumped by roughly $2,000 since then and currently sits above $62,000.

The technical indicators suggest that bitcoin’s first resistance obstacles are $62,500, $63,766, and the ATH at $65,000. In contrast, the asset could rely on the support levels at the previous ATH of $61,780 and $60,000 in case another retracement arrives.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins’ Recovery; BCH Back in Top 10

Most alternative coins mimicked BTC’s performance yesterday with some steep declines. However, similarly to their leader, they are well in the green today. Ethereum dropped by more than $150 yesterday but has jumped by more than 3% and has neared its ATH of $2,500.

Binance Coin, which went through its 15th quarterly burn yesterday, dipped below $530. However, BNB has added more than 5% of value and trades around $540 now.

Ripple (1%), Cardano (2%), Polkadot (2%), and Uniswap (1.5%) are also in the green. Litecoin and Chainlink have surged by 13 and 6%, respectively, to $323 and $43.

Dogecoin continues with its impressive performance and trades above $0.3 now. The popular meme coin reached a new all-time high of over $0.4 yesterday.

Bitcoin Cash is the best large-cap performer in the past 24 hours with a massive 25% surge. As a result, BCH has re-entered the top ten with a price tag of $1,150.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Further gains come from Siacoin (76%), Nano (70%), Ethereum Classic (50%), Verge (45%), Vechain (41%), DigiByte (35%), Neo (20%), Ankr (20%), Zilliqa (20%), and more.

Ultimately, the cumulative market cap of all crypto assets has recovered $100 billion since yesterday’s low.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.




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BTC Breaks ATH But Dominance Declines as ETH Eyes $2500 (Market Watch)

by CryptoPotato

Following the latest all-time high just shy of $65,000 and a subsequent $4,000 retracement, bitcoin has calmed down around $63,000. However, its dominance continues to suffer and is below 53%. This comes amid an impressive increase from Ethereum, which neared $2,500 and marked yet another record of its own.

Bitcoin’s ATH and $4K Turbulence

As reported two days ago, the primary cryptocurrency had finally broken above its long-time nemesis at $60,000. Furthermore, the asset continued upwards to new all-time high levels on the same day at about $63,000.

Yesterday seemed even more bullish as BTC added roughly $2,000 of value to its latest ATH record of almost $65,000 (on Bitstamp).

However, the infamous volatility struck again, perhaps led by the anticipation for the public listing of the largest US crypto exchange – Coinbase.

Approximately at the time when it became official, bitcoin dropped by nearly $4,000 from its peak and tested $61,000. Nevertheless, the asset has bounced off and currently stands just above $63,000.




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Despite its bullish week, though, bitcoin’s dominance over the market keeps declining. The metric comparing BTC’s market capitalization with all other cryptocurrencies has fallen beneath 53% for the first time in more than two years.

Just for comparison, bitcoin’s dominance was well above 72% in early January 2021.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Ethereum Aims at $2,500

Most alternative coins followed their leader north in the past few days, which led to new all-time high records for Binance Coin, Cardano, Dogecoin, and Ethereum. Although the first two have declined by roughly 5% since yesterday, the second-largest cryptocurrency by market cap has only enhanced its performance.

ETH spiked once more and exceeded $2,480 for its latest ATH. However, it has failed to overcome $2,500 so far and has retraced slightly to about $2,470.

Uniswap is also well in the green from the top ten coins. A 6.5% surge has taken UNI above $38. Chainlink has surged by nearly 10% and, with a price tag of almost $41, is back in the top ten.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

More price pumps come from DigiByte (22%), WazirX (20%), VeChain (18%), Yearn.Finance (15%), Stacks (15%), Ravencoin (13%), Avalanche (10%), and Maker (10%).

Ultimately, the total crypto market cap has remained well above $2.2 trillion.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.




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Users Can Now Book Flights With Dogecoin (DOGE) on AirBaltic

by CryptoPotato

Latvia’s flag air carrier, airBaltic, has reaffirmed its pro-cryptocurrency approach by enabling customers to make bookings with other digital assets, including Ether (ETH), Dogecoin (DOGE0 and Bitcoin Cash (BCH). Those tokens have joined the list of four USD-pegged stablecoins and the first-ever cryptocurrency – Bitcoin.

DOGE and ETH to Be Used for Air Travel

AS Air Baltic Corporation, also referred to as simply airBaltic is Latvia’s flag carrier that has also displayed a pro-digital asset approach for years. Back in 2014, the company became one of the first airliners to accept payments made with the primary cryptocurrency for its flight tickets.

Earlier today, airBaltic announced the addition of a new set of coins allowing customers to choose between more tokens when booking flights.

Those include arguably the most well-known Bitcoin hard fork – Bitcoin Cash (BCH), the second-largest cryptocurrency by market cap – Ether (ETH), and the surging in popularity – Dogecoin (DOGE).

As a result, the company now accepts a total of eight cryptocurrencies. Apart from the four mentioned above, the others are four stablecoins pegged to the US dollar – GUSD, USDC, PAX, and BUSD.

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The latest addition comes with the help of crypto payment service provider – BitPay. However, it’s worth noting that unlike Tesla, which recently enabled BTC payments for its vehicles and said it will retain them in BTC, airBaltic will convert the assets into fiat currencies.

When users choose the desired service on airBaltic’s website, the prices will be displayed in euros, but when they pay for them, the crypto asset selected will be converted into euros automatically at the current exchange rate determined by BitPay.

“As an innovative airline, we always strive to search for ways to improve the customer experience starting from the booking process. Over the years, 1,000 clients have used the payment option, which may not seem like a lot, but still offers passengers a unique payment option hard to find elsewhere.” – said airBaltic CEO Martin Gauss.

Dogecoin’s Growing Acceptance

The meme coin has been rapidly increasing in popularity recently, perhaps led by the continuous social media endorsement from Tesla’s Elon Musk. Following dozens of his pro-DOGE tweets, the token received attention from other celebrities, such as rapper Snoop Dogg.

The snowball effect was on, and DOGE became a sensation among renowned individuals. Dogecoin even reached the NBA as the Dallas Mavericks enabled payments with it.

To the question of why his team has added DOGE as a payment option, the club’s owner, Mark Cuban, emphatically said “because we can” at the time.

This growing usage of DOGE has also led to a significant price increase. The asset is up by more than 800% since the start of the year and registered a new all-time high last month.

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Bitcoin Struggles At $56K: Cardano (ADA) Back To Top 3 (Market Watch)

by CryptoPotato

Bitcoin has regained more than $3,000 since yesterday’s low but continues to struggle at $56,000. The altcoin market has also bounced off from the recent losses, led by a 24% surge for Cardano – as a result, ADA has become the third-largest crypto by market cap again.

Bitcoin Recovers $3K

The past few days didn’t go in BTC’s way. After the new all-time high on Saturday at $61,800, bitcoin went for a steep correction that drove it south by nearly $9,000.

Consequently, the primary cryptocurrency dropped to a low of $53,200 (on Bitstamp), as reported yesterday. However, the bulls have taken charge since then and pushed the asset upwards.

This led to an increase to over $57,000 reached a few hours ago. Despite retracing slightly since then, BTC still hovers above $56,000, meaning that it has recovered roughly $3,000 in a day.

The technical indicators suggest that the first resistance lines in bitcoin’s way up are situated at $58,355, $60,000, and the all-time high at $61,780.




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Alternatively, the support levels at $56,000, $54,500, and $53,000 could assist in case of another sharp retracement.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Bounce Off; Cardano Back in Top Three

Most alternative coins also fell after the weekend gains but managed to start their recovery sessions more quickly than their leader. In the past 24 hours, though, Ethereum has failed to display any significant movements in either directions and has stayed beneath the $1,800 level.

Binance Coin, Litecoin, and Chainlink have marked minor gains, while Polkadot (6%) and UNI (6%) have increased above $36 and $31, respectively.

The most impressive gainer from the larger-cap altcoins is Cardano. Following an announcement that ADA will be listed on Coinbase Pro, the asset has exploded by more than 20% since yesterday to nearly $1.30. Moreover, ADA has surpassed BNB in terms of market cap and has become the third-largest crypto by this metric.

Ripple has lost the most from the top ten after a 5.5% drop to $0.47.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

More gains are evident from Basic Attention Token (40%), Filecoin (30%), DigiByte (18%), 1inch (17%), CRO (17%), and Avalanche (15%).

Ultimately, the cumulative market capitalization of all digital assets has reclaimed the $1.7 trillion mark.

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Cryptocurrency charts by TradingView.





Source

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Bitcoin (BTC) $ 26,933.22 4.39%
Ethereum (ETH) $ 1,879.47 3.43%
Litecoin (LTC) $ 90.38 2.98%
Bitcoin Cash (BCH) $ 113.86 3.70%