The ongoing bullish trend in bitcoin (BTC) and the wider crypto market may have plenty of steam left, indicating it's probably too early to fear a 2021-like speculative bubble.
The perception of dogecoin as a highly speculative asset means its price surges are often taken as a warning sign of impending market instability, affecting how traders respond to its fluctuations.
Currently, the DOGE-BTC ratio shows potential recovery from the bear market, as indicated by a bounce over 10% and a bullish shift in momentum according to the MACD histogram.
Dogecoin's latest 24% surge was triggered partly by speculation surrounding cryptocurrency's potential role under a future Trump administration, showcasing how external factors can influence crypto valuations.
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