Bitcoin Traders Warn of Pullback as U.S. Inflation Data Looms; Dogecoin Leads Majors Slide
Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation data release, one trading desk said.
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Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation data release, one trading desk said.
CHZ has surged over 20% in seven days, the third-biggest gain among the top 100 cryptocurrencies by market value.
A ‘Seed Capital Investor’ has purchased 400,000 shares of the proposed filing, BlackRock revealed in its document.
A rally in meme tokens such as dogecoin and shiba inu is primarily driven by Asian traders in response to bullish sentiment around ether exchange-traded funds (ETFs), one trader said.
Dog-themed tokens tend to move after rallies in video game retailer Gamestop, a so-called “meme stock.”
The move could potentially lead to buying pressure for FLOKI tokens in the coming weeks as the tokens need to be held to use the bot.
JENNER tokens scored over $100 million in trading volumes less than 24 hours after going live. But punters are unclear if it’s indeed related to the real Caitlyn Jenner.
Ether surged more than bitcoin over the weekend on renewed optimism for the second-largest cryptocurrency.
One trader said ether’s sell-off on positive news is a typical speculator’s “buy the rumours, sell the facts” reaction.
Traders on Lyra have snapped up ether calls at the $5,000 strike and higher this week.