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BREAKING NEWS | Bitcoin Holds $24,000 | Dogecoin, Shiba Inu & XRP Rise Up to 8% | Voice of Crypto

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Crypto Price Today: Bitcoin holds $24,000; Dogecoin, Shiba Inu & XRP rise up to 8% The positive news around DOGE which positioned it as a payment currency may have sparked investor interest in the meme coin. DOGE is a strong contender for integration into the global payment mechanism and it needs to find a real-world use case very soon. The cryptocurrency market finally seemed to gain its lost ground as investors came out of the extreme fear zone, to put their trust back in crypto coins. Bitcoin scaled its one-month high again for the second time in a row, with the world’s largest crypto token edging past the $23,000 mark, The global crypto market cap on the other hand rallied by 4.36 per cent to scale $1.06 trillion, with major cryptocurrencies including Bitcoin, Ether, Cardano and Dogecoin gaining up to 14 per cent in a day. Bitcoin price today was standing at $23,437.33 while writing this article, up by 7.36 per cent in the past 24 hours. Over the last seven days, Bitcoin price has surged by 18.01 per cent, data from CoinMarketCap showed on the day. “Bitcoin rallied by nearly 5 per cent yesterday to edge above the $23,000 level for the first time since over a month. The MACD has climbed above the “0” level, indicating the start of a bearish cycle as trading volumes picked up on exchanges. On the daily time-frame, the BTC trend has broken out of the descending triangle pattern. The next key resistance level for BTC is expected at $32,300,” said analysts at the WazirX trade desk.

Varuni is an experienced crypto analyst and journalist with a keen interest in the Web3, blockchain, metaverse and NFT space. She's currently heading the Voice of Crypto team as the Editor-in-Chief and believes that decentralized web is the way to go.

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