Bitcoin, Ethereum, and Dogecoin Drop Amid Lackluster Trading Movements: Analyst Says Crypto A Ticking Time Bomb Set For 'Historical Expansion'
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a downward trend amid lackluster trading activity. Bitcoin has struggled to maintain a steady price above $30,000 in recent months. The global cryptocurrency market capitalization stands at $1.17 trillion, a 0.49% decrease in the last day. Analyst Michael Van De Poppe predicts upward momentum for Bitcoin in the near future, while another analyst suggests that the current phase of low volatility will lead to future expansion.
August 14, 2023 | 2:54 am
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NEGATIVE IMPACT
Dogecoin experienced a downward trend amid lackluster trading activity.
The downward trend in Dogecoin's price could potentially continue due to the current lackluster trading activity.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Ethereum experienced a downward trend amid lackluster trading activity.
The downward trend in Ethereum's price could potentially continue due to the current lackluster trading activity.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Bitcoin has been struggling to maintain a steady price above $30,000, but analysts predict future upward momentum.
Bitcoin's price has been fluctuating, but the prediction of future upward momentum by analysts could potentially influence its price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100