Ethereum, Dogecoin Outpace Bitcoin Ahead Of July Fourth Holiday: A Look At The Cryptos Into The Weekend
Portfolio Pulse from Melanie Schaffer
Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) showed volatility ahead of the July Fourth holiday. BTC was volatile, rising 2% then dropping 3% before settling flat. ETH and DOGE showed strength, rising about 4% over Thursday’s closing price. Since the beginning of 2023, BTC has risen about 83% and ETH has surged 61%, while DOGE is down about 6% from its Jan. 1 opening price. Traders and investors will be watching to see how these cryptocurrencies trade over the weekend, which could indicate how the stock market will trade after the fourth of July.
June 30, 2023 | 8:55 pm
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NEUTRAL IMPACT
Bitcoin showed volatility, rising 2% then dropping 3% before settling flat. Since the beginning of 2023, it has risen about 83%.
The volatility of Bitcoin, coupled with its significant year-to-date rise, could impact its short-term price. However, the overall trend remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Dogecoin showed strength, rising about 4% over Thursday’s closing price. However, it is down about 6% from its Jan. 1 opening price.
Despite Dogecoin's recent rise, its year-to-date loss could impact its short-term price. The overall trend remains uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ethereum showed strength, rising about 4% over Thursday’s closing price. Since the beginning of 2023, it has surged 61%.
Ethereum's recent rise and significant year-to-date gain could positively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100