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Cryptocurrencies Price Prediction: Bitget, Dogecoin & Crypto – European Wrap 7 October

Cryptocurrencies Price Prediction: Bitget, Dogecoin & Crypto – European Wrap 7 October
FXStreet TeamFXStreet TeamFXStreet

Why Bitget’s exchange token slumped 50% on Monday, what to expect from BGB

Bitget’s exchange token (BGB) had a very volatile start to the week and dropped by over 50% early morning on Monday, down to a low of $0.5344. BGB has since recovered and is back above $1.0706 at the time of writing. Bitget is currently investigating the price crash of the exchange token. 

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Is Dogecoin ready for a rally?

Dogecoin price extends gains on Monday after retesting its support level last week. This rise is supported by DOGE’s daily active addresses, an on-chain metric that has spiked to the highest level since early April. This spike indicates greater blockchain usage and suggests a rise in Dogecoin’s price ahead.

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Bitcoin and Ethereum found buyers at key levels

The cryptocurrency market fell at the end of last week. The capitalisation went down 3% in seven days to $2.21 trillion. However, it is worth noting the return of positive sentiment from Thursday, when buyers found Bitcoin attractive at $60K. The cryptocurrency fear and greed index is right in the middle, having risen out of the fear zone.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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