|

Cryptocurrencies Price Prediction: Dogecoin, Ethereum & Bitcoin – American Wrap 10 November

Bitcoin smashes through $69,000 as US inflation hits its highest point in 30 years

Bitcoin enters price discovery as US inflation hits 6.3%. The benchmark cryptocurrency has hit a new all-time high as institutional capital continues to flow in Bitcoin. US inflation hit 6.3% as Bitcoin crosses previous all-time high and begins price discovery. Analysts argue that Bitcoin is likely to hit the end of year targets in the currency cycle as the Consumer Price Index rises. Bitcoin is considered a hedge against inflation; therefore, a rise in inflation influences capital rotation in Bitcoin. 

Dogecoin to skyrocket to $1 as SpaceX confirms DOGE-1 moon mission

Dogecoin price continues to experience whipsaws in price action with no defined breakout yet established. That may change given some upcoming fundamental events combined with strong technical breakout levels. Dogecoin price action continues to frustrate buyers. DOGE is, quite literally, going to the moon.

Ethereum price rally isn’t over yet as ETH bulls keep tight support

Ethereum (ETH) has been on a steep rally since the beginning of October, holding 80% of profits already – and it does not look that price action in ETH will stop anytime soon. Fresh buyers are adding to the rally with additional media attention and current tailwinds in cryptocurrencies. ETH price action reveals that although a few indicators point to overbought, bulls are keeping to a tight short window for profit-taking before Ethereum price rockets off to new all-time highs.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Uniswap extends rally amid Arc stablecoin liquidity partnership

Uniswap approaches $3.00 at the time of writing on Tuesday, extending its rebound for the sixth consecutive day. The rebound aligns with the broader risk-on mood in the crypto market, with Bitcoin trading above $67,000.

Crypto Today: Bitcoin extends recovery above $66K as Ethereum and XRP lose momentum

Bitcoin holds above $66,000, seemingly poised to extend its rebound, supported by growing retail demand. Ethereum struggles near the $1,800 short-term supply range despite a strengthening derivatives market.

Bitcoin rebound driven by fading selling pressure as demand remains subdued

Bitcoin extends its recovery, trading above $66,500 on Tuesday, marking four consecutive days of green candlesticks. Report highlights that BTC is staging a tentative relief bounce from deeply oversold conditions, suggesting stabilization rather than a trend reversal.

Zcash, Near Protocol, Hyperliquid regain bullish momentum after Arthur Hayes exit

Zcash, NEAR Protocol, and Hyperliquid edge higher on Tuesday, extending their recovery so far this week. Retail and institutional demand heats up for altcoins, fueling a rebound as prices fully absorb the impact of Arthur Hayes's exit.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts
Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.