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DOGEUSD

Dogecoin / US Dollar

Industry

Digital Currency

Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It is considered an altcoin and an almost sarcastic meme coin. Launched in December 2013, Dogecoin has the image of a Shiba Inu dog as its logo.

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Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin saw a brief surge following favorable inflation data and the Federal Reserve's rate pause. However, the uptrend was short-lived due to hawkish comments from Fed Chair Jerome Powell. Despite the initial spike, Bitcoin's Open Interest dropped, indicating short covering by sellers. The cryptocurrency fear and greed index showed 'Greed,' suggesting FOMO is still prevalent.

Portfolio Pulse from Aniket Verma

June 13, 2024 | 1:51 am

Cryptocurrency markets initially surged on positive CPI data but retraced after a hawkish FOMC press conference. Bitcoin, Ethereum, and Dogecoin saw notable price movements. Key statistics include high short liquidations and increased large transaction volumes. Ethereum is considered undervalued by some traders, while Solana and Ripple ETFs are unlikely in the near future.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 8:13 pm

Former President Donald Trump has expressed support for Bitcoin mining in the U.S., which has positively impacted the Trump-related MAGA Memecoin (CRYPTO: TRUMP) and Dogecoin (CRYPTO: DOGE). Additionally, there is speculation about GameStop potentially investing in Bitcoin, which could significantly affect its stock performance.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 7:19 pm

A lower-than-expected inflation report for May has driven Wall Street to record highs, with significant gains in tech, real estate, and small caps ahead of the Federal Reserve meeting. The Nasdaq 100, S&P 500, and iShares Russell 2000 ETF (IWM) saw notable increases. Treasury yields fell, boosting the iShares 20+ Year Treasury Bond ETF (TLT). Sector-specific ETFs like SPDR S&P Homebuilders ETF (XHB) and SPDR S&P Regional Banking ETF (KRE) also surged. Key stock movers included Apple (AAPL), Tesla (TSLA), and several real estate and regional bank stocks.

Portfolio Pulse from Piero Cingari

June 12, 2024 | 5:26 pm

Dogecoin (DOGE) has surged 8.5% following positive CPI data, with traders highlighting bullish patterns and key levels that could drive further gains. Significant liquidity at $0.175 and increased large transaction volumes suggest potential for increased volatility.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 4:24 pm

Lower-than-expected CPI data has boosted Bitcoin's price, leading to a 3% increase in global crypto market capitalization. This has raised hopes for interest rate cuts ahead of a pivotal Fed meeting. Bitcoin spiked to $69,600, with altcoins like Dogecoin, Pepe, and Shiba Inu also seeing gains.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 3:21 pm

AMC Entertainment Holdings Inc (NYSE:AMC) shares have been volatile due to the return of GameStop Corp (NYSE:GME) trader Keith Gill on social media. Both companies have raised additional capital amid increased retail investor attention. Citron Research exited its GameStop short position, and the SEC is investigating recent options trading activity in GameStop.

Portfolio Pulse from Adam Eckert

June 12, 2024 | 2:52 pm

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced a sharp decline ahead of the Federal Reserve's interest rate decision. The S&P 500 and Nasdaq 100 closed at record highs, led by a significant surge in Apple Inc. (AAPL). Analysts suggest that the cryptocurrency market often corrects before such events and may resume its uptrend afterward.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 2:02 am

Cryptocurrency markets have sold off ahead of the CPI data release, with major coins like Bitcoin, Ethereum, and Dogecoin experiencing significant declines. Bitcoin mining stocks such as Marathon Digital, Riot Platforms, and CleanSpark are also moving. Notable developments include predictions of Bitcoin's future value and Tether's investment plans.

Portfolio Pulse from Khyathi Dalal

June 11, 2024 | 8:18 pm

A Coinmetrics report reveals that meme coins like Dogecoin and Shiba Inu have driven $13 billion in trading volumes over a seven-day period in March, surpassing major assets like Ethereum and Solana. The report highlights the cultural appeal and community-driven origins of these tokens but also warns of risks such as market manipulation and liquidity challenges due to the concentration of ownership among 'whales'.

Portfolio Pulse from Murtuza Merchant

June 11, 2024 | 8:10 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.