Bitcoin, Ethereum, Dogecoin Stagnant Amid Dollar's Unnerving Rise — Analyst Tells Investors 'Just Survive This Month' And Then Things Will Be Fine
Portfolio Pulse from Shivdeep Dhaliwal
Bitcoin, Ethereum, and Dogecoin remained largely flat on Tuesday as the global cryptocurrency market cap rose slightly by 0.4% to $1.04 trillion. The Financial Accounting Standards Board (FASB) has unanimously decided to endorse regulations for the accounting of fair values associated with companies’ cryptocurrency holdings, effective from 2025. Meanwhile, the dollar index rose to 104.84, unnerving investors. Cryptocurrency trader Michaël van de Poppe advised investors to 'just survive this month' and predicted a positive outlook for Bitcoin and Ethereum.
September 07, 2023 | 2:51 am
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NEUTRAL IMPACT
Bitcoin's price remained largely flat amid regulatory changes and a rising dollar index. Positive outlook predicted by trader Michaël van de Poppe.
The price of Bitcoin is likely to remain stable in the short term due to the regulatory changes and the rising dollar index. However, the positive outlook predicted by trader Michaël van de Poppe could lead to a potential increase in the future.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dogecoin's price remained largely flat amid regulatory changes and a rising dollar index.
The price of Dogecoin is likely to remain stable in the short term due to the regulatory changes and the rising dollar index.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Ethereum's price remained largely flat amid regulatory changes and a rising dollar index. Positive outlook predicted by trader Michaël van de Poppe.
The price of Ethereum is likely to remain stable in the short term due to the regulatory changes and the rising dollar index. However, the positive outlook predicted by trader Michaël van de Poppe could lead to a potential increase in the future.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80