The crypto market has taken a breather today, with Bitcoin dipping to $98,800 and Dogecoin shedding 6% of its value.
But amidst this dip, a new meme coin continues to perform well.
Flockerz is ignoring the market blues – and has now raised over $5 million in presale funding.
Bitcoin Dips Below $100k but Bullish Signals Remain
Bitcoin is hovering below $100,000, dropping by 2% in the last day as some traders decided to lock in gains.
It’s been a bit of a tug-of-war lately, with Bitcoin struggling to break above such a key price level.
But despite this dip, things are looking solid overall.
Spot trading volume has jumped 58% to $65 billion, and there’s growing interest in BTC derivatives – a sign that big institutions are still hungry for exposure.
Plus, MicroStrategy just snagged another 21,550 BTC, bringing their stash to over 2% of all the Bitcoin in existence.
That’s a huge vote of confidence from Michael Saylor and his firm.
The Crypto Fear & Greed Index also sits at 78, showing that most traders are still positive about Bitcoin’s future, despite these short-term swings.
With all these positive signs, this latest dip is likely just a blip before Bitcoin takes another shot at breaking through $100,000.
Dogecoin Cools Off From Weekend Highs – Can DOGE Bounce Back?
Dogecoin has seen a dip too, dropping to $0.44 after hitting highs above $0.48 over the weekend.
This drop pushed DOGE below a key technical level (the 50-period EMA on the 4-hour chart), but it’s still respecting an upward-sloping trendline.
That suggests a rebound could be imminent.
Some traders are playing it safe and
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Author: Felix Mollen
