{"id":19018,"date":"2022-06-06T02:35:58","date_gmt":"2022-06-06T02:35:58","guid":{"rendered":"http:\/\/egrowonline.com\/?p=19018"},"modified":"2022-06-06T02:35:58","modified_gmt":"2022-06-06T02:35:58","slug":"why-bitcoin-btc-dogecoin-doge-are-mixed-today","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=19018","title":{"rendered":"Why Bitcoin (BTC), Dogecoin (DOGE) Are Mixed Today"},"content":{"rendered":"


\n<\/p>\n

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Bitcoin<\/strong> and Ethereum<\/strong> were trading slightly in the green at press time on Sunday evening as the global cryptocurrency market cap edged 0.2% higher to $1.2 trillion.<\/p>\n

\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n
Price Performance Of Major Coins<\/caption>\n

<\/p>\n

Coin<\/th>\n

<\/p>\n

24-hour<\/th>\n

<\/p>\n

7-day<\/th>\n

<\/p>\n

Price<\/th>\n


\n\t\t<\/tr>\n

\n\t<\/thead>\n

<\/p>\n

Bitcoin<\/strong> BTC\/USD<\/span><\/td>\n

<\/p>\n

0.4%<\/td>\n

<\/p>\n

1.8%<\/td>\n

<\/p>\n

$29,934.96<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Ethereum<\/strong> ETH\/USD<\/span><\/td>\n

<\/p>\n

0.3%<\/td>\n

<\/p>\n

-0.2%<\/td>\n

<\/p>\n

$1,807.24<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Dogecoin<\/strong> DOGE\/USD<\/span><\/td>\n

<\/p>\n

-0.8%<\/td>\n

<\/p>\n

-1.7%<\/td>\n

<\/p>\n

$0.08<\/td>\n


\n\t\t<\/tr>\n


\n\t<\/tbody>\n


\n<\/table>\n<\/figure>\n

\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n
Top 24-Hour Gainers (Data via CoinMarketCap)<\/caption>\n

<\/p>\n

Cryptocurrency<\/th>\n

<\/p>\n

24-Hour % Change (+\/-)<\/th>\n

<\/p>\n

Price<\/th>\n


\n\t\t<\/tr>\n

\n\t<\/thead>\n

<\/p>\n

Huobi Token<\/strong> (HT)<\/td>\n

<\/p>\n

+5.3%<\/td>\n

<\/p>\n

$7.5<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Moonbeam<\/strong> (GLMR)<\/td>\n

<\/p>\n

+4.7%<\/td>\n

<\/p>\n

$1.40<\/td>\n


\n\t\t<\/tr>\n

<\/p>\n

Hadera<\/strong> (HBAR)<\/td>\n

<\/p>\n

3.8%<\/td>\n

<\/p>\n

\u200b\u200b$0.094<\/td>\n


\n\t\t<\/tr>\n


\n\t<\/tbody>\n


\n<\/table>\n<\/figure>\n

See Also: Best USDC Interest Rates<\/a><\/em><\/p>\n

Why It Matters<\/strong>: Cryptocurrencies remained under pressure following last week’s U.S. data that showed the country added a better-than-expected\u00a0390,000 jobs<\/a>\u00a0in May, although fears over tighter monetary policy lingered.<\/p>\n

The employment \u201creport showed slower job growth and potentially softening inflation, but still keeps the door open for the Fed to continue with its rate-hiking campaign well beyond the summer,\u201d said Edward Moya<\/strong>, a senior market analyst at OANDA.<\/p>\n

\u201cBitcoin remains anchored and is following the move lower in equities.\u00a0Fed rate hike expectations need to come down for Bitcoin to stabilize further and today\u2019s job\u2019s report did not help,\u201d said Moya in a note seen by Benzinga.<\/p>\n

Equity futures traded nearly flat after yet another week of losses on Wall Street, with S&P 500 and Nasdaq futures down 0.2% and 0.15%, respectively, at press time.<\/p>\n

Going forward into the new trading week, investor sentiment continues to be marred by \u201cExtreme Fear,\u201d according to Alternative.me\u2019s \u201cCrypto Fear & Greed Index.\u201d<\/p>\n

Micha\u00ebl van de Poppe<\/strong> said the price action in cryptocurrencies was \u201cboring\u201d and made a note of the anemic trading volumes.<\/p>\n

\u201cThe play from $29.3Kish is still the primary one. However, if we want to continue, I’d prefer to see $29.75K hold as support here,\u201d the cryptocurrency trader said on Twitter.<\/p>\n

<\/p>\n

Kind of boring price action on #BItcoin<\/a>, as the volume drains down too.<\/p>\n

The play from $29.3Kish is still the primary one.<\/p>\n

However, if we want to continue, I’d prefer to see $29.75K hold as support here.<\/p>\n

If that’s lost, CME gap is next.<\/p>\n

If we hold, green week coming. pic.twitter.com\/LQMHoSV25S<\/a><\/p>\n


\n\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) June 5, 2022<\/a><\/p><\/blockquote>\n

Chartist Ali Martinez<\/strong> said the upside potential for Ethereum in the current scenario is limited at $2,150 to $2,550 levels. The analyst pointed to the chart of the second-largest cryptocurrency and said it broke out of a symmetrical triangle that projects a 65% correction to $900.<\/p>\n

\u201cStill, the $1,700 support is holding strong. Only weekly close below it will further validate the pessimistic outlook for #ETH,\u201d tweeted Martinez.<\/p>\n

Read Next: <\/em>This Crypto Analyst Predicts Price Rebounds For Bitcoin And Ethereum: Here’s How High They’re Going<\/em><\/a><\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin and Ethereum were trading slightly in the green at press time on Sunday evening as the global cryptocurrency market cap edged 0.2% higher to $1.2 trillion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC\/USD 0.4% 1.8% […]<\/p>\n","protected":false},"author":1,"featured_media":19019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[50,194,291,85,2289,446],"class_list":["post-19018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-bitcoin","tag-btc","tag-doge","tag-dogecoin","tag-mixed","tag-today"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/shutterstock_1916262404.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19018"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19018\/revisions"}],"predecessor-version":[{"id":19020,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19018\/revisions\/19020"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/19019"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19018"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}