Wednesday, November 19, 2025

Advertise

spot_img
Home Blog Page 1033

Bpifrance Bank Unveils $27Million Fund To Boost France’s Crypto Industry

By
Crypto Magazine
-
0

Bpifrance Bank Unveils $27Million Fund To Boost France’s Crypto Industry

State owned French Investment bank, Bpifrance has unveiled a €25m fund for development of cryptocurrency industry in the country. This decision falls under the bank’s ongoing efforts to nurture the experimentation of blockchain technologies and the growth of the digital asset market in France.

The initiative signals a proactive approach to securing France’s position in the global cryptocurrency market, especially as international competition intensifies.

Bpifrance Bank Unveils $27Million Fund

Bpifrance has been an active participant in the development of blockchain solutions in the past having provided more than €150 million in the blockchain industry in the last 10 years. These have been focused on market making entities comprised of blockchain startups and ventures as well as any solution that includes the use of blockchain technology.

Today, Bpifrance is taking an even more active position and is organizing a dedicated fund specifically for the direct purchase of cryptocurrencies with an emphasis on French blockchain projects.

This fund will focus on tokens that are relatively fresh in the market, often before they are traded on the leading crypto exchanges. Arnaud Caudoux, the Deputy CEO of Bpifrance pointed out that through investing in these emerging tokens the fund will offer a seed investment to French based blockchain startups. This was the first time that Bpifrance will directly invest money for acquiring digital assets as all the previous fund investment was made in blockchain companies or other crypto type companies.

Focus on Smaller Crypto Projects

Instead of betting on asset, popular coins such as Bitcoin or Ethereum, Bpifrance will target mid to small sized coins. These will be mainly from France most of which are still at the concept stage or at the development stage.

In purchasing and investing in such tokens before they go mainstream, Bpifrance wants to back the growth of local crypto businesses and ensure France’s competitiveness in the quickly emerging market.

Bpifrance’s preference for smaller tokens is more of a part of its long-term vision to support innovative projects in the country. In his opinion, it will create more convenience for users and adapt to their needs due to the increasing popularity of cryptocurrency services and the role played by digital assets in the global economy. These projects will also find some support in the bank through assistance in listing on cryptocurrency exchanges, thus expanding their market presence.

Role of U.S. Cryptocurrency Policy

Bpifrance’s new crypto strategy is partly motivated by the rapid development of cryptocurrency policies in the United States. The U.S. government, particularly under the administration of President Donald Trump, has made substantial efforts to embrace the crypto industry.

These initiatives have made the U.S. an increasingly attractive destination for global crypto companies, potentially drawing them away from Europe.

In response, France’s Bpifrance is taking steps to ensure that crypto companies remain within the European Union. By fostering the growth of France’s own crypto ecosystem, Bpifrance aims to prevent these companies from relocating to the U.S. Caudoux emphasized that it is crucial for Europe to retain its innovative edge and not fall behind in the development of digital assets and blockchain technology.

The post Bpifrance Bank Unveils $27Million Fund To Boost France’s Crypto Industry appeared first on CoinGape.

$5,000 in Cash Waiting for Americans Willing To Move To This Small Town: Report

By
Crypto Magazine
-
0

American families are eligible to receive thousands of dollars for free as long as they’re willing to move off the beaten path.

Dozens of towns in states like Indiana, Kentucky, and Mississippi are luring in Americans sick of the soaring cost of living in big American cities with cash bribes, Fortune reports.

Chris Jensen, the mayor of Noblesville Indiana, says there is a growing demand for affordability, safety, and walkability, things that many feel are disappearing from the metropolitan areas.

“There’s something about Midwest value, there’s something about community that we have here, and I think we should sell it.”

Noblesville is welcoming new residents with a $5,000 relocation grant, an annual membership to the town’s coworking space and chamber of commerce, plus a $500 health and wellness stipend.

Other localities in Indiana have more original pitches for potential residents. New Haven, Indiana is inviting new arrivals to a burger-and-bourbon date with the town’s mayor, while Wabash County is organizing rafting trips with neighbors.

MakeMyMove, a company that offers incentives for remote workers to relocate – such as free cash or land – says there’s now a huge demand to leave cities in favor of the smaller, more affordable towns.

Says MakeMyMove co-founder and chief operating officer Evan Hock,

“We’re seeing workers voting with their feet to places like Indiana and Kentucky.. For community leaders, this is open season. With a little bit of effort, they can attract the people and income whose economic impact will fund future growth. It’s a good deal for any enterprising mayor…

Places like New York and San Francisco are amazing. But for many thousands of people, a good life in these places is unattainable.”

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post $5,000 in Cash Waiting for Americans Willing To Move To This Small Town: Report appeared first on The Daily Hodl.

Bitcoin Price Forecast: 6,000 BTC on the Move as Trump’s Tariffs Impact Tesla

By
Crypto Magazine
-
0

Bullish Bitcoin Price Signal Reappears: Is A 200% Rally Imminent?

Bitcoin price stays above $85,000 as 6,000 BTC exits exchanges, reinforcing bullish sentiment amid U.S. tariff-driven market volatility.

Bitcoin (BTC) Targets $90K Breakout as Bulls Hold $85K Support for Three Consecutive Days

Bitcoin (BTC) demonstrated resilience on Thursday, maintaining its position above $85,000 despite renewed volatility stemming from President Donald Trump’s latest tariff announcement.

Bitcoin Price Action, March 27, 2025 | Source: Coinmarketcap
Bitcoin Price Action, March 27, 2025 | Source: Coinmarketcap

According to TradingView data, BTC price climbed 2% to reach $87,756 on Binance before retracing toward $87,000 at press time. Notably, BTC has now held above the $85,000 mark for three consecutive days, while Ethereum (ETH) has also established a support base above $2,040.

This trend suggests that traders are opting to hold their positions in anticipation of another push toward $90,000 rather than taking profits prematurely.

Why Is Bitcoin’s Price Rising Today?

The 2% Bitcoin price uptick on Thursday coincided with Trump’s confirmation of a 25% tariff on auto imports, set to take effect on April 2. In response, investors rapidly shifted capital away from U.S. stocks expected to be affected by the new trade policies.

S&P 500 performance after Trump confirmed 25% US automotive imports on Wednsday March 26 | Source: NASDAQ
S&P 500 performance after Trump confirmed 25% US automotive imports on Wednsday March 26 | Source: NASDAQ

Within 24 hours of Trump’s announcement, Tesla shares dropped 5%, while the S&P 500 fell 65 points, a 1.12% decline. This suggests that Bitcoin’s rally was fueled by investors reallocating funds from traditional equities into cryptocurrencies, which are perceived as more resistant to trade policy pressures.

Investors Withdraw 6,000 BTC as U.S. Macroeconomic Sentiment Improves

Bitcoin and the broader crypto market experienced significant volatility in early March 2025. The market initially surged following Trump’s proposal to establish a U.S. strategic crypto reserve on March 2. However, within 24 hours, he announced tariffs on Canada and Mexico, triggering immediate sell-offs amid inflation concerns.

As negotiations progressed, the Trump administration introduced waivers to mitigate inflationary impacts on key domestic markets.

These adjustments, along with positive signals from the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) reports in mid-March, paved the way for the Federal Reserve’s rate pause last week.

Since then, investors who had previously exited risk assets have returned to a bullish stance. This shift is evident in CryptoQuant’s Exchange Reserves chart, which tracks the total BTC held in exchange-linked wallets.

Bitcoin Exchange Reserves as of March 26| Source: CryptoQuant
Bitcoin Exchange Reserves as of March 26| Source: CryptoQuant

Investors have been withdrawing significant amounts of BTC since mid-March as inflation concerns eased. On March 13, BTC exchange reserves stood at 2.48 million. At press time, that figure has declined to 2.42 million BTC, indicating a net withdrawal of over 6,000 BTC—worth approximately $525 million—within the past two weeks.

This reduction in short-term supply has helped Bitcoin maintain its $85,000 support level for three consecutive trading days.

Why the $525 Million BTC Outflow Is Bullish for Bitcoin’s Price

A decline in exchange reserves is often a bullish indicator, as it suggests two key market dynamics. First, traders who are optimistic about Bitcoin’s short- to mid-term outlook tend to transfer their holdings from exchanges to long-term storage options. Second, large investors, or “whales,” often move newly acquired BTC into cold storage or multi-signature wallets for security and compliance reasons.

Both factors reduce Bitcoin’s short-term supply, increasing the likelihood of a rapid breakout toward $90,000 when the next major demand surge occurs.

Bitcoin Price Forecast: BTC Holds $87K as Bulls Eye $90K, but Rejection Risks Persist

Bitcoin price forecast signals currently suggest a cautious bullish outlook as BTC holds above $87,000, with critical resistance emerging at $88,761, as indicated by the upper Donchian Channel (DC).

The price remains supported by $82,680, highlighted by the mid-band of the DC. Bitcoin has stayed above the $85,000 support for three consecutive days, reinforcing the bullish case.

However, consolidation near resistance raises the risk of rejection if momentum weakens.

Bitcoin Price Forecast
Bitcoin Price Forecast

The Parabolic SAR at $78,746 remains significantly below the current price, signaling that bulls still control the trend. A clean breakout above $88,761 could set the stage for BTC to test the $90,000 psychological level.

Conversely, failure to break this level could invite profit-taking, leading to a potential retracement toward $82,680.

If bears gain control and push BTC below $82,680, the next key support lies at $76,598, coinciding with the lower DC band. Until then, BTC remains in an uptrend, but the next move depends on whether bulls can sustain momentum above resistance.

The post Bitcoin Price Forecast: 6,000 BTC on the Move as Trump’s Tariffs Impact Tesla appeared first on CoinGape.

Tether (USDT) surpasses 400 million users, confirms CEO Paulo Ardoino

By
Crypto Magazine
-
0

Tether’s USDT stablecoin has surpassed 400 million users globally, according to CEO Paolo Ardoino.

In a recent post on X, Ardoino announced this milestone while emphasizing the company’s adoption from the bottom up. He said that they’ve always concentrated on the adoption from the ground up, working in the streets, among other people, while traditional finance was watching from their ivory towers.

The move comes amid Tether’s continued diversification of its presence outside cryptocurrency markets. This can be seen through ventures in media and farming. Ardoino’s statement highlighted the firm’s ambition of reaching one billion users.

Media acquisitions expand Tether’s digital content reach

Tether is moving beyond cryptocurrency with a substantial investment in Italian media. With this, the company became the second-largest shareholder of Be Water, the parent company controlling Will and Chora Media. The stablecoin issuer has secured a 30.4% stake in the media company following a €10 million capital increase and purchase of shares from other partners.

This investment positions Tether behind only founder Guido Maria Brera in ownership stake, and ahead of co-founder Mario Calabresi. Be Water specializes in social media information and podcast content, giving Tether influence in digital media distribution channels.

According to a statement about the partnership, Tether plans to collaborate with Be Water to enhance the distribution of digital content, integrate new technological solutions, and support the international expansion of its brands. The media investment represents a diversification for Tether, which has traditionally been known primarily for its USDT stablecoin.

Agricultural investment signals move into traditional markets

Tether’s growth strategy now incorporates a foray into farm production with a transaction agreement with Adecoagro S.A., which is a leading sustainable production firm in South America. The deal, unanimously ratified by Adecoagro’s Board of Directors, will have Tether begin a tender offer to acquire up to 49,596,510 common shares at $12.41 per share in cash.

This target acquisition would account for about 70% of Adecoagro’s outstanding common stock. The closing of the transaction is subject to certain conditions, such as the valid tender of sufficient shares to provide Tether with at least 51% ownership on a fully diluted basis.

Adecoagro is engaged mainly in South America’s agricultural industry, emphasizing sustainable production practices. This investment is Tether’s largest entry into conventional markets beyond the financial technology sector.

This deal is a different kind of expansion strategy than Tether’s investments in media. While the Be Water investment provides Tether with control over content distribution and blockchain media uses, the Adecoagro investment offers partial control over physical production assets and farming operations.

User growth strategy focuses on “ground up” adoption

Tether’s approach to getting more users is really different from traditional banks, according to Ardoino’s comments. The CEO highlighted their approach to building usage “from the ground up” and “working in the streets.” This is really different from traditional finance that watches “from their ivory towers.”

This grassroots movement has been incredible in its success, with the claimed 400 million users equating to a huge percentage of the world’s users of cryptocurrency. Ardoino labeled the claimed figure as “conservative,” indicating that there may be an even greater number of users, and he also bragged about a lofty target of “soon 1 billion” users.

The focus on street-level adoption mirrors stablecoin use patterns in most markets. Further, USDT has emerged as a widely used remittance tool, savings instrument, and everyday transaction currency in nations suffering from currency instability or restricted access to banking. Focusing on use cases rather than institutional adoption, Tether seems to have developed its user base organically through utility.

Ardoino’s declaration that “that’s why we’re unstoppable together” presents this adoption approach as a grassroots movement and not a typical corporate growth.

The referenced “stablecoin multiverse” with “hundreds of companies and governments” launching stablecoins further contextualizes Tether’s position. By highlighting the technology Tether “created back in 2014.”

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

SHIB Holder Profit Skyrockets as Shiba Inu Price Soars 15%: More Upside or Crash?

By
Crypto Magazine
-
0

SHIB Holder Profit Skyrockets as Shiba Inu Price Soars 15%: More Upside or Crash?

The Shiba Inu price has shown increasing performance, as it has risen by 15% during the recent week.  The present trading value of SHIB exceeds $0.000014, showing potential to increase further.  Market volatility has caused a decline, but the price shows continuous positive growth. As the market stabilizes, SHIB holders maintain lingering doubts about whether the current rally will persist or experience a future price decrease.

Shiba Inu Price Soars 15%: Can SHIB Holders Expect More Gains?

The SHIB price has seen a rally over the past week rallying from $0.000012 to above the $0.000014 support level. 

The MVRV Ratio functions as one of the primary market measures to assess asset price conditions within the present market. The ratio examines cryptocurrency market capitalization against its existing transaction values to determine asset price positions regarding overbought or oversold situations. 

The MVRV ratio for Shiba Inu (SHIB) dramatically increased accompanied by its price surge according to the presented data. Market speculation intensifies because investors show increased interest in SHIB’s upcoming price increases. 

A sudden MVRV ratio increase points towards a temporary market state featuring price inflation by speculative traders exceeding the real worth. Analysts indicate through the spike that SHIB exists in an elevated overbought state before facing possible price consolidation or correction during the upcoming period.

SHIB Holder Profit Skyrockets as Shiba Inu Price Soars 15%: More Upside or Crash?
Source- Santiment

SHIB Price Surge Driven by Active Addresses

The active address metric calculates the number of distinct transaction addresses, which provides information about user network involvement. 

The number of active SHIB network addresses fluctuates together with the price because of its positive correlation between the two variables as observed with Shiba Inu price. 

The active address count demonstrates both market adoption growth and investor trust which functions as a precious indicator for estimating future prices within the market. Cryptocurrencies such as SHIB tend to demonstrate future market surge potential when their activity levels remain high due to increased interest from investors.

SHIB Holder Profit Skyrockets as Shiba Inu Price Soars 15%: More Upside or Crash?

Will SHIB Price Hit $0.00002 or Face a Crash?

The Meme coin maintains a trading price of $0.00001408 as its value experiences a 2% increase during the last 24 hours. Recent data indicates that SHIB makes preparations for upcoming price changes. After a solid price recovery phase the market resistance has targeted $0.0000015.

According to current observations, the price movement of SHIB shows signs of a potential bullish trend within established boundaries. 

There is strong potential for a SHIB price increase as it moves toward reaching $0.0000017 before potentially breaking out to $0.00002 for a 40% surge.

The Relative Strength Index (RSI) reading of 58 signifies that the market is approaching its maximum value.  A support zone exists close to $0.0000013, which provides moderate protection for the market. 

SHIB Holder Profit Skyrockets as Shiba Inu Price Soars 15%: More Upside or Crash?
Source: TradingView

A failure of SHIB price prediction to break through resistance might result in a short-term market decline, which the price would try to surpass again.

The post SHIB Holder Profit Skyrockets as Shiba Inu Price Soars 15%: More Upside or Crash? appeared first on CoinGape.

GameStop Board Greenlights Bitcoin for Treasury Reserves

By
Crypto Magazine
-
0

GameStop has officially added Bitcoin (BTC) to its treasury reserves after its board approved the decision.

The move comes as the firm reported improved quarterly earnings, with net income more than doubling in the fourth quarter of 2024.

Quarterly Profits Show Gains

The Texas-based company announced on March 25 that its board has “unanimously approved an update to its investment policy to add Bitcoin as a treasury reserve asset.”

In its latest fiscal filing, the firm disclosed that it will use a portion of its cash reserves or proceeds from future debt or equity issuances to invest in the number one cryptocurrency. However, the document did not specify the maximum amount it intends to allocate.

This decision follows a social media post by CEO Ryan Cohen last month, in which he shared a picture of himself with prominent Bitcoin advocate Michael Saylor, fueling speculation about potential crypto involvement.

GameStop’s latest report also reflected an improvement in its earnings performance. The company revealed a rise in last year’s fourth-quarter profit, with net income more than doubling to $131.3 million compared to $63.1 million during the same period in 2023. This performance was due to cost-cutting measures as the firm continues to address a slow turnaround in its core business of retailing video game hardware and merchandise.

The outfit had previously expanded into digital services by offering crypto wallets that allowed users to manage their crypto and NFTs. However, it shut down the service in 2023, citing “regulatory uncertainty” in the industry.

Shares Rise 8.27% in After-Hours Trading

Reacting to the development, Google Finance data shows that GameStop shares rose to $27.50, reflecting an 8.27% increase in after-hours trading. The stock has also recorded a 63.87% increase over the past 12 months.

The video game retailer is taking a similar approach to software company MicroStrategy, now called Strategy, which has invested billions in Bitcoin over the years to establish itself as the largest corporate holder of the cryptocurrency.

Other firms that have incorporated the flagship cryptocurrency into their treasury strategies include video-sharing platform Rumble, which plans on investing up to $20 million, and Japanese firm Metaplanet, now the biggest corporate BTC holder in Asia. Bitcoin mining company Riot Platforms and medical technology firm Semler Scientific have also joined the wave.

Meanwhile, last week, Strategy announced plans to bid 5 million shares of its Series A Perpetual Strife Preferred Stock (PSPS) through a public offering, with proceeds directed toward further Bitcoin acquisitions. As of March 2025, the company holds approximately 506,137 BTC, valued at around $44 billion at current market prices.

The post GameStop Board Greenlights Bitcoin for Treasury Reserves appeared first on CryptoPotato.

GameStop Stock Rallies After Company Announces New Plan To Accumulate Bitcoin

By
Crypto Magazine
-
0

Shares of GameStop (GME) are rallying after the video game retailer and memestock favorite announced plans to accumulate Bitcoin (BTC) as a reserve asset.

GME stock, a viral sensation among retail traders in 2021, is up more than 14% the day after the company’s board approved a Bitcoin treasury strategy.

Shares of GameStop are trading for $29.12 at time of writing.

In a Tuesday filing with the U.S. Securities and Exchange Commission (SEC), the company outlines its new Bitcoin strategy.

“The Board approved the addition of Bitcoin as a treasury reserve asset, alongside US dollar-denominated stablecoins, to diversify the Company’s investment portfolio… a portion of our cash or future debt and equity issuances may be invested in Bitcoin.

We have not set a maximum amount of Bitcoin we may accumulate, and may sell any Bitcoin we may acquire.”

The company also says it plans to shutter a “significant number” of store locations this year.

Says the filing,

“We have also initiated a comprehensive store portfolio optimization review which involves identifying stores for closure based on many factors, including an evaluation of current market conditions and individual store performance.

This review, among other things, resulted in the closure of 590 stores in the United States in fiscal 2024. While this review is ongoing and a specific set of stores has not been identified for closure, we anticipate closing a significant number of additional stores in fiscal 2025.”

CNN reports that GameStop has already closed about 1,000 stores in the past year.

Across the world, GameStop currently has 3,203 locations, down from 6,000 a decade ago. The US currently has 2,325 GameStop locations.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/ArtemisDiana

The post GameStop Stock Rallies After Company Announces New Plan To Accumulate Bitcoin appeared first on The Daily Hodl.

Cardano Price Eyes 50% Surge To $1.12 After This Bullish Breakout

By
Crypto Magazine
-
0

Cardano Price Eyes 50% Surge To $1.12 After This Bullish Breakout

Cardano price is approaching a key technical level that could trigger a breakout toward higher levels. Currently trading at $0.73, the top altcoin is moving closer to the apex of a symmetrical triangle pattern that has developed over several weeks. Technical analysis points to a potential breakout that may lead to a move toward the $1.1278 mark, representing a possible 50.95% increase from the breakout point.

Cardano Price Nears Key Breakout Level; Targets $1.1278

According to analyst Trendxinc, the Cardano price is approaching a critical resistance near $0.80. A daily close above this level may confirm a breakout from the symmetrical triangle pattern forming on the daily chart. The structure has been developing over several weeks, marked by lower highs and higher lows.

Trendxinc’s analysis suggests that a breakout from this triangle could propel the Cardano price toward $1.1278. This level aligns with historical resistance zones. If the breakout is supported by strong volume, it may confirm trend continuation. Price consolidation in a tight range has created a build-up of momentum.

Cardano price
Source: X

Additionally, technical charts show that a sustained move above $0.80 may trigger follow-through buying. The pattern signals potential for a directional move. Volume confirmation is essential, as breakouts without strong volume may reverse quickly and fail to sustain the altcoin rally. A retest of the breakout zone could occur before a continued upward move.

Meanwhile, ADA whale movements, with over 240 million tokens accumulated, reflect growing confidence in a potential price surge. This strategic buying, combined with long-term holder conviction, supports the case for a continued upward trend toward $0.85.

Bullish Flag Pattern Signals Continued Strength

Moreover, analyst Lucky Luciano identified a bullish flag on Cardano price charts. The flag pattern follows a strong uptrend and is defined by a downward-sloping channel. This structure generally precedes trend continuation when resolved to the upside.

Luciano’s analysis points to resistance near the upper channel boundary. Previous attempts to break above this level have failed. However, current momentum and volume suggest the top altcoin may now be positioned for a stronger attempt. If successful, the next potential ADA price target is around $1.30.

Cardano price
Source: X

Luciano mentioned that the altcoin could reach $1.80 if momentum continues. The structure of the flag and its relation to past resistance levels provide traders with short- and mid-term targets. The Cardano price must maintain support and close above resistance to confirm this scenario.

Gambardello Draws Long-Term Parallel with Amazon

Meanwhile, market expert Dan Gambardello compared Cardano’s development to Amazon’s early growth phase. He referenced Amazon’s recovery after a deep decline during the dot-com era. According to Gambardello, the Cardano price movement resembles early Amazon charts in structure.

He noted that ADA is still far from its all-time high but continues to build a scalable ecosystem. The altcoin’s development approach is focused on long-term growth. This has kept Cardano price stable during broader market corrections.

Gambardello stated that macro conditions may support Cardano’s next growth phase. The comparison to Amazon is based on resilience, innovation, and long-term planning. 

Similarly, a recent analysis supports ADA price prediction to the $1 mark, highlighting strong bullish momentum driven by increased whale activity and rising investor interest. Technical indicators align with this outlook, suggesting that the altcoin could reach $1 within the week.

The post Cardano Price Eyes 50% Surge To $1.12 After This Bullish Breakout appeared first on CoinGape.

Top Trader Says Dogecoin Price to Hit $8 After Breaking 3-Month Trendline

By
Crypto Magazine
-
0

Top Trader Says Dogecoin Price to Hit $8 After Breaking 3-Month Trendline

Dogecoin (DOGE) price shows an increase that surpasses the $0.20 support area. The cryptocurrency market showed a minor recovery, which pushed DOGE to gain 15% over the past week. The meme currency shows potential for additional price appreciation as top traders predict that the DOGE price could climb to $8 in the near term.

Trader Says Dogecoin Price Will Soar to $8 After Breaking 3-Month Trendline

A recent analysis by a top trader indicates that the Dogecoin price broke above its descending trendline, which dates back three months. Since the cryptocurrency’s formation in January 2025, it has encountered descending pressure within its downward trendline.

The recent March 2025 price break represents an important development that has managed to spark widespread market interest.

Image

Dogecoin price experienced a major price change, which might indicate the beginning of an upward movement in its market. Market participants maintain close observation of this upward trend because it indicates upcoming momentum within the coming weeks.

The leading trader just released his technical assessment which predicts Dogecoin (DOGE) will experience notable price fluctuation. According to his analysis the price movements in Dogecoin appeared as a bull pattern featuring two notable upward trends at periods in 2017 and 2023.

The market analyst anticipates Dogecoin price will experience another bullish phase that will potentially reach a value of $8. The analysis shows a persistence of upward market trends which suggests potential similar growth could happen soon.

Image

How High Can DOGE Price Go In This Week?

The latest DOGE price hovered at $0.19643 as of March 26, 2025, showing signs of growth following a brief period of consolidation.  The DOGE price fluctuated between the range of $0.15, and $0.2, and it has maintained a steady upward trajectory within a rising channel. 

The analysis supported by the MACD indicator confirms a bullish stance through its positive histogram data while the signal line crosses. The market momentum remains with the buyer, which supports the expectation of an additional price rise. 

The present trend shows signs of continuing due to an upward crossing of the zero line by the MACD indicator. The Relative Strength Index currently holds a value of 65, indicating DOGE is entering an overbought state.

Top Trader Says Dogecoin Price to Hit $8 After Breaking 3-Month Trendline
Source: TradingView

The attention of traders focuses on the upcoming breakthrough of $0.20 resistance which might drive the price to $0.220.

The Dogecoin price prediction might use a potential rise above resistance to reach $0.25 during the current time period.  Any major resistance encountered at the $0.20 price point might trigger a support shift toward $0.18.

The post Top Trader Says Dogecoin Price to Hit $8 After Breaking 3-Month Trendline appeared first on CoinGape.

Crypto Market Crash: Why Is Bitcoin, Ethereum, Solana & Dogecoin Price Falling Today?

By
Crypto Magazine
-
0

Crypto Market Crash: Why Is Bitcoin, Ethereum, Solana & Dogecoin Price Falling Today?

A crypto market crash is happening, with the Bitcoin price witnessing another correction, dragging altcoins like Ethereum, Solana, and Dogecoin along with it. This price crash is due to several reasons, including Donald Trump’s fast-approaching tariffs on April 2nd, which could spark a wave of sell-offs for the crypto market.

Crypto Market Crash: Why BTC, ETH, SOL, & DOGE Are Down

CoinMarketCap data shows that a crypto market crash has happened with the Bitcoin price dropping below $87,000 and at risk of losing the $86,000 support level. Altcoins like Ethereum, Solana, and Dogecoin have also witnessed declines.

This market crash has occurred following reports that US President Donald Trump could announce auto tariffs as soon as today. This provides a bearish outlook for the crypto market, as it will again raise concerns about a trade war. Given the market uncertainty that trade wars could cause, this will likely spark a wave of sell-offs

This development could reverse all the gains that Bitcoin and altcoins recorded over the weekend and earlier in the week. The flagship crypto rallied to as high as $88,500 following reports that Trump’s tariffs wouldn’t be as severe as earlier feared.

MicroStrategy’s purchase of 6,911 Bitcoin for $584 million earlier this week also contributed to the rebound in the Bitcoin price and other altcoins. However, the crypto market crash means these crypto assets risk losing their gains from earlier in the week.

Other Reasons For The Crash

Other reasons for the crypto market crash include institutional investors looking to be derisking ahead of the Personal Consumption Expenditures (PCE), which will be released on Friday. The PCE is the Fed’s favorite inflation gauge, and it coming above expectations could spark a wave of sell-offs in the market.

Meanwhile, the market crash has occurred as the Bitcoin price looks to fill the CME gap between $84,000 and $86,000. BTC closed within this range last week Friday but pumped over the weekend and has since failed to retrace back to this level, which it closed at on the CME market. Historically, the flagship crypto

The post Crypto Market Crash: Why Is Bitcoin, Ethereum, Solana & Dogecoin Price Falling Today? appeared first on CoinGape.

1...1,0321,0331,034Page 1,033 of 1,034

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

ABOUT US

Crypto Magazine is published by The Crypto Marketing Company. The Crypto Marketing Company is owned by The CMC Group Of Companies Ltd 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ

Contact us: newsdesk@cryptomag.finance

FOLLOW US

Crypto Magazine © 2025

Translate »