Cryptocurrency Daily Thefoxposts.com

The Dogecoin price jumped 6% in the last 24 hours to trade at $0.3454 as of 02:10 a.m. EST on trading volume that surged 104% to $3.8 billion. This comes as Elon Musk praised President-elect Donald Trump for his support of the formation of the Department of Government Efficiency (DOGE). Just wanted to express appreciation for President @realDonaldTrump and so many people, both inside & outside of government, supporting @DOGE. I am confident that the American people will be happy with the outcome. — Elon Musk (@elonmusk) January 13, 2025 Dogecoin Price Gears Up For A Bullish Rally The DOGE price has consolidated between the $0.30-$0.46 range, with a support zone around $0.30.  The Dogecoin price Analysis on the 1-day timeframe also shows rejection from the $0.46 resistance, forming a double-top-like structure, indicating a potential reversal. For now, DOGE is attempting to hold above its 50-day Simple Moving Average (SMA), situated at $0.3718, while the 200-day...

The Bitcoin price fell almost 1% in the last 24 hours to trade at $66,858 as of 03:31 a.m. EST on trading volume that plunged 20% to $29 billion. This comes as legendary billionaire hedge fund investor Paul Tudor Jones told CNBC’s Squawkbox that he’s hedging against inflation by investing in assets such as Bitcoin, gold, and tech stocks, while studiously avoiding fixed-interest assets. Bitcoin Price Aims For A Bullish Rally According to the BTC/USD chart Analysis on the 1-day chart, the yellow upward-sloping lines outline a rising price channel, indicating a sustained uptrend. The Bitcoin price has been consistently making higher lows and higher highs within this channel since mid-September, which is a classic bullish signal. According to data from GeckoTerminal , the $52,500 support allowed the bulls to stage a continued bullish rally. As a result, the price of Bitcoin now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the likely b...