Top coins rose as global on Wednesday night Cryptocurrency The market cap rose 3.1% to $1 trillion at 9:08 pm EDT.
|dogecoin Doge/US Dollar||14.1%||24.1%||$0.07|
|Cryptocurrency||24 hour rate of change (+/-)||price|
|Ethereum PoW (ETHW)||12.4%||$7.40|
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Important reasons: Memecoin Leader dogecoin It surged 14.1% during the day and is up 24.1% this week. DOGE’s intraday profit is Bitcoin When ethereum on wednesday.
DOGE’s 24-hour trading volume surged 188.3% to $1.42 billion, while Ethereum and Bitcoin volumes increased 24.3% and 20%, respectively, over the same period.
Dogecoin was the best performing cryptocurrency in 24 hours. coin market capitalizationdata from . coin glass showed that $4.54 million worth of DOGE was liquidated in 24 hours.
santimento In the “tail end” of Ethereum’s own breakout that has occurred over the past few days, we noted that DOGE has crossed the 70 cent mark for the first time in 10 weeks.
“both [DOGE] Whale trade and trading volumes surged to August levels. Markets are typically polarized when: [memecoins] decoupling,” the market intelligence platform tweeted.
#dogecoin Closes above $0.072 for first time in 10 weeks #ethereumMs. Own breakout of the past few days.both $DOGE Whale trade and trading volumes surged to August levels. Markets are typically polarized when: #memecoins decoupling. https://t.co/9kf2EZz9va pic.twitter.com/nSIAfN7by9
— Santiment (@santimentfeed) October 26, 2022
In particular, the rise in DOGE looks like this: Tesla Inc. TSLA CEO Elon Musk Expiration date is approaching Twitter Inc. TWTR.
Cryptocurrencies pulled away from stocks that plunged after Wednesday’s disappointing tech company earnings. The Nasdaq and S&P 500 were down 2% and 0.7% respectively.
US stock futures were green. The S&P 500 and Nasdaq futures are up 0.5% and 0.4% respectively at the time of writing.
on Wednesday, bank of canada announced a higher-than-expected rate hike. The central bank raised its policy rate by 0.5 percentage points to 3.75%, but this was not the expected 0.75 bps hike. report Reuters.
“Bank of Canada’s dovish surprise turns central bank tightening expectations upside down. Cryptocurrencies will struggle with deteriorating global growth outlook, but widespread pain from plunging bond markets could end soon.” has potential,” he said. Edward MoyaSenior Market Analyst at OANDA.
“Bitcoin is currently comfortably above the $20,000 level and is about to stabilize here until the FOMC meeting. If risk appetite is healthy, Bitcoin could rally towards $22,500 levels There is,” Moya said in a note seen by Benzinga.
Justin Bennett “I don’t think the macro bottom is yet to come,” he said. [stocks] When [crypto]’ tweeted the trader. Looking at Twitter, it seems to be working. “
For the record, I still don’t think the bottom of the macro is in #stock When #CryptI’ve been saying it since June.
Relief rallies like this aim to ditch retail from scent.
Looking at Twitter, it seems to be working.
— Justin Bennett (@JustinBennettFX) October 26, 2022
Read the following: Maybe Jeff Bezos Should Buy Ethereum: AWS Servers Host Big Chunks Of Cryptocurrency Computing Power