Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & Cryptos — American Wrap 03 April
Dogecoin price to test support as Musk doubles down on getting his case thrown out with late Friday repeal
Dogecoin (DOGE) price is tanking after some volatile moves this Monday in the ASIA PAC and European sessions. Traders are grasping to understand the late filing from Musk’s lawyers on Friday that could mean a systemic risk for Dogecoin. T court ruling that recently spoke in favor of the Commodity Futures Trading Commission’s (CFTC) view of cryptocurrencies and altcoins as commodities. All this puts Dogecoin in the middle of the storm and could see it tanking 20% if the judge rules in favor of Musk.
Dedollarization is a concept that has been around for a long time now but has only begun taking shape over the last few years. While Crypto was built to be a global currency, independent from other currencies, the devaluation of the US Dollar (USD) might play in its favor, making its aim a reality.
Experts examine Bitcoin's liquidation levels for signs to determine when the alt season price rally could kick in. Altcoins wiped out all gains from the past week, before starting a recovery on the daily price chart.
Author
FXStreet Team
FXStreet
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.
More from FXStreet Team
