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2022-08-17 13:30:37

Bitcoin Looses Ground While Dogecoin Metrics Soar

The cryptocurrency market has been getting frequent price movements recently with meme coins like Dogecoin minting gains. Some of the significant assets made an uptrend within the past two weeks. However, most of them couldn’t sustain the bullish trend for long. Hence, they have experienced a slight drop in prices this week. Bitcoin is among the assets that have shown high volatility in the past few days. But it seems to have flattened out at around the $24,000 region. Dogecoin, on its part, is recording a progressive increase in value. As a result, DOGE stands top among other meme coins, gaining momentum. Unfortunately, the story is not pleasant for most altcoins as most are stagnating in their prices today. Related Reading: Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend? Bitcoin got quite a swing in its price over the past few days. Though it later halted during the weekend, this was after some fluctuations in its value. The price of Bitcoin initially rose to $25,000, a new 2-month high. The rise seemed difficult for the token to ensure its sustainability and had to drop. However, it later surged upward within hours as the price rallied to about $25,200. This marked the highest point for BTC since the middle of June. Bitcoin Falls But Dogecoin Gains Momentum With every passing hour, the BTC price started retracting. The value finally gave up more than $1,000 to remain beneath the $24,000 mark. Since t...

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