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- DOGE was trading at $0.1652 at press time, up 32.68 percent in the last 24 hours and 18.16 percent for the week. DOGE, in particular, has added nearly $5 billion to its market capitalization in the last 24 hours, putting it in first place among the top 100 cryptocurrencies in terms of total gains.
- It’s worth noting that the flagship cryptocurrency Bitcoin (BTC) has surpassed the important $40,000 price threshold, rising 5.29 percent in the last 24 hours from $38,514 to $40,504.
- Bitcoin is still holding the 2022 Higher Low support, according to prominent crypto trading expert Rekt Capital, and if the digital asset continues to hold support, it might rise as high as $43,100 in the short future. BTC is still holding support at the 2022 Higher Low (green). BTC will revisit $43,100 resistance if support holds.
On Tuesday, April 26th, the cryptocurrency market went green, with the great majority of cryptocurrencies recording increases in the last 24 hours. According to CoinMarketCap data, the market sentiment transformed in the last day, with over $100 billion streaming into the crypto market cap, which jumped from $1.76 trillion to $1.873 trillion in just 24 hours, reflecting a total of $103 billion. The worldwide crypto market value currently stands at $1.87 trillion, up 5.26 percent, while the total crypto market volume over the last 24 hours is $94.32 billion, up 29.06 percent.
Bitcoin Takes Back $40,000 From Its Previous Owner
It’s worth noting that the flagship cryptocurrency Bitcoin (BTC) has surpassed the important $40,000 price threshold, rising 5.29 percent in the last 24 hours from $38,514 to $40,504. Bitcoin is still holding the 2022 Higher Low support, according to prominent crypto trading expert Rekt Capital, and if the digital asset continues to hold support, it might rise as high as $43,100 in the short future. BTC is still holding support at the 2022 Higher Low (green). BTC will revisit $43,100 resistance if support holds.
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Dogecoin Is Leading The Cryptocurrency Market In Terms Of Profits
Fidelity, one of the largest issuers of 401(k) retirement plans in the United States, has announced that participants will be able to invest a percentage of their retirement account in Bitcoin, if their employers allow it. By offering a number of Bitcoin-centric products and services in 2018, Fidelity became one of the first significant financial institutions to warm up to the then-rising asset class. Finally, the announcement that crypto proponent Elon Musk has completed the $45 billion purchase of Twitter has boosted crypto market sentiment.
As a result, the value of Musk’s cryptocurrency Dogecoin (DOGE) has skyrocketed in the previous 24 hours. DOGE was trading at $0.1652 at press time, up 32.68 percent in the last 24 hours and 18.16 percent for the week. DOGE, in particular, has added nearly $5 billion to its market capitalization in the last 24 hours, putting it in first place among the top 100 cryptocurrencies in terms of total gains. Finally, Finbold just reported that DOGE transactions by whales had hit a four-month high, implying that they may be planning for a significant price increase in the future.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
