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In the ever-volatile crypto space, where fortunes are made and lost in the blink of an eye, the recent developments surrounding Bitcoin, Dogecoin, and the rebellious newcomer Rebel Satoshihave sent shockwaves through the crypto market. Let’s dive into the highs and lows of these digital assets and explore what lies ahead for investors.

Bitcoin’s Rollercoaster Ride

Bitcoin, often regarded as the king of cryptocurrencies, recently experienced a dip below the $43,000 mark. This downward turn came hot on the heels of the Securities and Exchange Commission’s (SEC) approval of multiple spot ETF applications. The market reacted with increased volatility, pushing Bitcoin to almost touch $49,000 before a sharp decline ensued.

The aftermath saw over $80 million worth of leveraged Bitcoin positions liquidated, with the majority being long positions, resulting in losses exceeding $47 million. Total liquidations for all leveraged crypto positions in the past 24 hours, according to Coinglass data, amounted to a staggering $209 million. Long positions took the brunt, accounting for $121 million in losses, while short positions faced around $88 million in liquidations.

Altcoins to Watch Amidst the Chaos

As Bitcoin navigates its tumultuous journey, investors are turning their attention to alternative cryptocurrencies, commonly referred to as altcoins. Dogecoin, a notable altcoin, has also experienced a 15% decline over the past month. Despite the setback, crypto analyst Ali Martinez sheds light on potential positive signals for Dogecoin. The TD Sequential recently presented a buy signal on the 3-day chart, suggesting a chance for a rebound as long as the $0.074 support holds. Martinez’s prediction hints at Dogecoin reaching $0.100 or higher by the end of the year, showcasing a bullish momentum.

Rebel Satoshi’s Rise in the Crypto Rebellion

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Author: Crypto Daily

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