CandleFocus Dogecoin (DOGE) Explodes 8% Daily, Bitcoin (BTC) Eyes $68K (Market Watch)
2024-10-18
Author: Content Editor
Bitcoin attempted to break through the $68,000 level but was unsuccessful and currently hovers just below it. The dominance of Bitcoin in the market continues to rise, with most altcoins experiencing minor losses. After a significant drop last week, Bitcoin rallied and reached $68,000 on Tuesday before facing a steep decline. However, Bitcoin quickly regained traction and tapped the $68,000 level multiple times since then. This coincides with a resurgence in spot Bitcoin ETFs, which have seen a net inflow of over a billion dollars in recent days. Elon Musk's public support for Dogecoin also contributed to the meme coin's immediate gains. DOGE has surged over 8% and achieved a new multi-month peak. Other altcoins with notable increases include POPCAT, INJ, MEW, and FTN. Conversely, Binance Coin, Tron, Solana, Toncoin, Cardano, and Avalanche have experienced minor losses. The total crypto market cap has slightly increased to $2.436 trillion.
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