Dogecoin Sinks After Brief D.O.G.E Pump; SOL, HYPE Lead Crypto Rebound
Crypto majors showed mixed movement as bitcoin (BTC), ether (ETH) and BNB Chain’s bnb gained under 1% in the past 24 hours, while Solana’s SOL and XRP surged as much as 7%.
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Crypto majors showed mixed movement as bitcoin (BTC), ether (ETH) and BNB Chain’s bnb gained under 1% in the past 24 hours, while Solana’s SOL and XRP surged as much as 7%.
Bitcoin’s dip to $100,000 was quickly bought up and its outlook still remains “bright,” one analyst said.
The memecoin, which was launched by the President on Friday, saw its price plummet nearly 26% over the past 24 hours.
Multi-asset investment portfolios with allocations to bitcoin are consistently outperforming those that don’t hold the cryptocurrency, the report said.
The official memecoin of the 47th United States president will be listed on most major crypto exchanges, even though the fan token faced trouble getting listed.
Trader demand for Solana’s SOL rose as Donald Trump’s so-termed official token was issued on the network.
Prices ran from few cents to $14 in less than six hours amid widespread confusion on whether the token was actually backed by Trump or was a possible hack of Trump’s verified social account
At the moment, Canary Capital appears best-positioned to be the initial issuer of the new vehicle.
There is a danger that forced or panic selling could lead to further bitcoin weakness and a break below $90K could lead to a 10% retracement, the report said.
The selloff in stocks and cryptocurrencies could mean Donald Trump’s inauguration will less likely be a sell the news event, K33 Research said.