Altcoin News by Thebittimes.Com

Dogecoin rose to a one-week high on Tuesday, as the meme coin rebounded from recent losses . The token rose by as much as 3% earlier in today’s session, moving away from a recent point of support in the process. Monero was also higher, as bulls pushed it closer to a key resistance level. Dogecoin (DOGE) Dogecoin (DOGE) was trading higher during Tuesday’s session, as bullish sentiment returned to the market. Earlier in today’s session, DOGE/USD raced to an intraday high of $0.06098, which comes less than 24 hours after trading at a low of $0.05907. Today’s surge saw DOGE move away from a recent price floor of $0.0585, where it has mostly consolidated since late September. DOGE/USD – Daily Chart Looking at the chart, one of the triggers of this rise in price was a breakout which took place on the 14-day relative strength index (RSI). The index moved past its recent ceiling of 50.00, which has been in place since October 9, and it is now trackin...

Bitcoin was trading marginally higher on Wednesday, as markets prepared for the upcoming U.S. inflation report . Cryptocurrencies have mostly consolidated ahead of the release, which many believe could trigger further action from the Federal Reserve Bank. Ethereum was also higher, as the token rose above $1,300. Bitcoin Following two consecutive days of declines, bitcoin (BTC) was back in the green on Wednesday ahead of the U.S. inflation report. The world’s largest cryptocurrency rose to a high of $19,241.96, less than 24 hours after hitting a bottom of $18,925.60. Today’s move saw the token edge closer to its recent resistance level of $19,300, moving away from a one-week low in the process. BTC/USD – Daily Chart Looking at the chart, it can be seen that prices have fallen from earlier highs, and as of writing, sit just above the $19,100 mark. This seems to have come as the 14-day relative strength index (RSI) nears a collision with a ceiling of 44.55. ...