Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & Crypto – European Wrap 28 November
|Dogecoin price might recover losses if volume picks up
Dogecoin has noted a massive rise in wallet addresses with a non-zero balance. This increase is typical of rising demand among market participants for DOGE. On-chain metrics paint a bullish outlook for Dogecoin.
Bitcoin price sees flat performance as correlation with equities is on the rise
Bitcoin price performance has flattened over the past two weeks after the BTC run up to $38,400 on November 24. The largest asset by market capitalization observed an increase in capital inflow from institutional investors last week, according to a CoinShares report.
Cryptocurrency traders pause after growth
The crypto market has lost 1.5% in the last 24 hours to capitalisation of $1.42 trillion. Traditional markets have also seen a slight pullback from the last week’s peak. Investors appear to be looking to lock in profits after the booming gains in October and November. The rally in crypto was stronger, so the correction is deeper.
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