Bitcoin’s weakness and Dogecoin’s epic pump are signals that the market could be overheating and in need of a short-term correction.
Today’s Coinbase (COIN) listing is likely to remain a focal point that will dictate the short-term price action in Bitcoin and altcoins.
Altcoins continue to press higher while Bitcoin bulls work on holding the $60,000 level as support.
The rally in Bitcoin and select altcoins seems to have hit a wall as bears continue to aggressively push back at key overhead resistance levels.
Polkaswap leads the race to become the first decentralized exchange for Polkadot-based digital assets.
Bitcoin and most major altcoins have bounced off their immediate support levels, indicating an increase in bullish sentiment.
The bullish price action from ETH, BNB, DOT and EOS show that altcoins have capitalized on Bitcoin’s range-bound trading below the $60,000 level.
Select altcoins could rally higher if Bitcoin and Ethereum hold on to their recent gains.
Polkadot parachains can now choose to add Chainlink price feeds to their runtime.
Retail investors are flocking to buy Filecoin on exchanges with predominately Chinese user bases and the head of the PBOC thinks the digital yuan has an uphill battle to take on Alipay and WeChat Pay.