Dogecoin

Dogecoin ETFs are losing momentum with trading volumes plummeting, while Bitcoin and Ethereum continue to dominate and gain regulatory approval for use as collateral in derivatives trading.

Large investors accumulated 480 million DOGE in 48 hours, signaling potential confidence in a trend reversal amid technical analysis showing Dogecoin may be entering a volatile phase.

Dogecoin’s price has broken a key resistance level, driven by retail investors, while whale activity declines. An analyst points to a bullish ‘Dragonfly Doji’ pattern, suggesting a potential run towards $1, as new ETFs see initial capital inflows.

Dogecoin’s price has dropped 7.5% following disappointing inflows into newly launched DOGE ETFs from Bitwise and Grayscale. The memecoin is also facing broader market headwinds, with the Crypto Fear and Greed Index signaling ‘Extreme Fear’ and key support levels being broken.

This week’s most-read articles on our platform focused on in-depth analysis rather than hype, covering the impact of U.S. bond yields on Bitcoin, the surge in XRP and DOGE ahead of new ETF launches, and record inflows into crypto exchanges.

Bitcoin is trapped in a narrow range after a strong rally, facing a sell wall at $92,000. The broader market is also fading, with significant losses for Solana, Cardano, and other altcoins.

Grayscale’s Dogecoin ETF launched on the NYSE to a lukewarm reception, with just $1.4 million in first-day trading volume. This starkly contrasts with the highly successful launches of Solana and XRP ETFs, which saw volumes over 40 times higher.

Dogecoin’s price surged by 5% following the launch of the Grayscale Dogecoin Trust ETF. The memecoin broke through key resistance levels, leading analysts to speculate if this marks the start of a new bullish phase.

Bitcoin gains for a second day, breaking an inverse parabola, while XRP surges 8% on new ETFs. Market eyes upcoming PPI data.

Dogecoin and XRP have launched their first ETFs, marking a milestone for the crypto market. While the Dogecoin ETF has been met with positive sentiment, XRP’s price has not reacted as positively despite strong inflows.