Analysis

Analyst Crypto Universe has predicted that the Dogecoin price will enjoy a gain of over 100% as it rises to $0.37. While the prediction undoubtedly looks feasible, the timeline for which he said this would happen is what caught the crypto community’s attention. 

Crypto investment products have seen a surge in inflows, reaching $2.2 billion throughout last week, according to a report by CoinShares.

After a period of stagnation and downtrend, the perpetual market of Bitcoin has experienced a brief rebound in the past few weeks.

In an analysis shared on X, crypto analyst Patric H. from CryptelligenceX outlines seven reasons why investors should be bullish about the Bitcoin price trajectory this week.

A South Asian man has been sentenced to five years behind bars for defrauding a few hundred Coinbase users of $20 million using a fraudulent copy of the cryptocurrency exchange’s website.

SHIB took the crypto market by storm when the Shiba Inu price bolted to its peak in 2021. Initially created as a lighthearted alternative to DOGE, it caught investors’ attention and resulted in this meteoric rise. 

Dogecoin is rising above the $0.1350 resistance zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1450 resistance.

Bitcoin (BTC) is approaching the resistance level of around $70,000.

As the entire crypto market gains strength, optimism is growing among investors, who are eagerly waiting for Ethereum to catch up with Bitcoin’s recent rally. 

Bitcoin miners have seen their earnings hit a yearly low in October, generating just $570.8 million so far. From March’s peak, October’s earnings represent a 70% drop and a 29% drop from the previous month.

Bitcoin is close to a breakout. Caleb Franzen, the creator of Cubic Analytics, pointed out key data that shows Bitcoin is about to make a big move.

Although flying under the radar concerning price movements during Bitcoin’s recent bull run, the dog-themed cryptocurrency Shiba Inu (SHIB) was able to appreciate 8.18% in the last week while Bitcoin reclaimed the $69,000 mark on Friday.

Between 2023 and 2024, the number of Bitcoin millionaires climbed by almost 111%, reaching 85,400 or 49.6% of all crypto millionaires in 2024.

Donald Trump is not acting like a man serious about winning this presidential election. His key proposal (universal tariffs) is wildly unpopular with voters.

The SEC has filed Form C in its case against Ripple Labs, specifying the grounds of its appeal against Judge Analisa Torres’s final ruling from August 7.

The Bitcoin price has now broken above the $68,000 mark amid a run of a 12% price increase in the past seven days.

Dogecoin (DOGE) extends its gains on Friday after rallying over 16% since Monday.

SEC has officially appealed a previous judgment in its ongoing legal battle with Ripple Labs.

On-chain data shows around 95% of all Bitcoin holders are in profit following the latest bullish action that the asset’s price has seen.

Arkham is working on securing a free-trade zone (FTZ) license in the Dominican Republic. The permit will allow it to benefit from various tax exemptions and fiscal incentives offered under the country’s FTZ regulations.