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The two largest coins traded slightly higher on Tuesday night as the total cryptocurrency market capitalization rose 0.3% to $921.2 billion.
Dogecoin outperformed Bitcoin and Ethereum early on the day. All three currencies traded higher on Tuesday night, along with US stock futures, which rose ahead of the release of key inflation data and the minutes of the Federal Reserve's latest monetary policy meeting. .
Elon Musk, CEO of Tesla Inc., on Tuesday that Dogecoin payments will be accepted for The Boring Company's "Burnt Hair" cologne. Musk, the popular DOGE bull, recently renewed a deal to buy Twitter.
Google will begin accepting cryptocurrency payments from its customers for cloud services starting in early 2019, according to rumors on Tuesday. For institutional cryptocurrency services such as custody and reporting, Google will also use Coinbase Prime.
According to Edward Moi, chief market analyst at OANDA, the global environment "continues to turn ugly" as the conflict between Russia and Ukraine intensifies and fears of a recession mount.
Cryptocurrencies continue to trade in a range as almost everyone on Wall Street braces for the latest big crash in US stocks. Moi said that while Bitcoin remains stable, long-term fundamentals remain favorable for a significant recovery after fears of stagflation subsided. “Bitcoin is holding the $19,000 level, but if the Wall Street sell-off accelerates, bearish momentum could target near the $18,150 support level,” says one analyst.
According to Arcane Research, which monitors cryptocurrency news, investors should be careful due to "excess" leverage. “The crypto options market continues to move parabolically as BTC remains in a very non-directional position,” Arcane analyst Vetti Lunde wrote on his blog.
According to the expert, the level of open interest currently "far exceeds any level that can be considered sustainable."
According to the expert, Bitcoin could once again "find room for a significant comeback" once the Federal Reserve puts a "reasonable cap on interest rates" and inflation subsides.
String Analysis
Although Apex Coin is showing some relative resilience in the turbulent traditional market environment, Glassnode warned that it could take “several months” for Bitcoin prices to fully recover.
According to the on-chain analytics firm, "Many on-chain indicators, market structures, and investor behavior patterns cross the lines and mark the i of the classic bear market bottom."
According to Glassnode, whales with more than 10,000 BTC have been circulating recently.
The company stated that while small retail users with less than 1,000 BTC continued to grow strongly in 2018 and 2019, large institutions, particularly the 1,000-10,000 BTC wallet, led the distribution opportunity through rallying from lows of March 2019. . .
According to Santiment's tweets, only 12.8% of the top 100 assets contain Bitcoin discussions.
“This week was the worst in seven months. For the tenth week in a row, the public was negative on bitcoin. Both hit price lows in the past, according to the Market Intelligence platform.
Tamazoza Selection
Tamadoge is a new coin with explosive potential that recently saw a huge rally followed by a price correction.
Tamadoge's idea is similar to Tamagotchi in that users can buy a pet, feed it, and then battle it when it grows up. Being a win-win (P2E) platform game , players can enjoy earning money and moving up the leaderboards by earning Doge Points. TAMA is a useful meme currency that is used to unlock all the features of the platform.
With augmented reality (AR) software launching in the last quarter of 2023, there's also a lot to look forward to. The ability to get close to your pets while using the app will make it easier for players to monitor their well-being.
As a result, many people turn to TAMA for investments due to the hype it is getting due to its current level of success.
Buy OKX Tamadoge
Tamadoge was recently listed on OKX, one of the most popular cryptocurrency exchanges in the world. This was the reason for a huge price increase after the listing, with a 250% increase from the ICO price and 900% from its lowest point a few days after its publication on September 29. After a strong correction at the 0.03 level, it looks like the bulls have formed a solid base around this level and are starting to move higher again. The immediate target for this move is likely to be in the 0.06 area.
Investors should be careful when investing in assets that are risky in nature. The full TAMA document and roadmap can be read here .
members of the family
Tamadoge - Play to earn coins meme
- Earn TAMA in battles with the Doge pet
- Max width 2 billion, tokens burned
- OKX, Bitmart, LBank, MEXC and Uniswap are now on the list
- Extremely rare NFTs on OpenSea
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