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Day: February 16, 2023

Biggest Movers: DOGE, SHIB Surge as Elon Musk Tweets Dog CEO Pictures

Biggest Movers: DOGE, SHIB Surge as Elon Musk Tweets Dog CEO Pictures

Dogecoin (DOGE) and Shiba Inu (SHIB) both rose on Wednesday as markets reacted to Tesla CEO Elon Musk’s tweets. Earlier in the session, Dogecoin reached an intraday high of $0.08707, breaking through a resistance level of $0.0040. SHIB/USD rose for the second day in a row, breaking through $0.00001285 and climbing nearly 6%. The 14-day relative strength index (RSI) has risen to its highest level in nearly a week and is approaching the 52.00 level. The RSI indicator also showed a breakout. News Sorce

Galaxy Digital CEO wouldn’t be surprised if Bitcoin hit $30K this quarter

Galaxy Digital CEO wouldn’t be surprised if Bitcoin hit $30K this quarter

Mike Novogratz, CEO of Galaxy Digital Holdings, believes Bitcoin could reach $30,000 or higher by the end of March, a lower prediction than others he has made in the past. This is due to a slowing of inflation in the United States, as well as the excitement of customers calling and FOMO building up. Bitcoin has gained nearly 12% in the last 24 hours, reaching its highest level since mid-August 2022, with the Crypto Fear and Greed index rising nine points to 62 out of 100, moving the scale from “neutral” to “greed” territory. The index hasn’t risen above 60 since mid-November 2021, just before the price crash that ushered in the 2022 crypto winter.  Bitcoin will still need to gain another 22% by March 31 to reach the $10,000 mark. Bitcoin will still need to gain another 22% by Mar. 31 to reach Novogratz’s predicted price. News Sorce