Bitcoin Holds up And Dogecoin Grabs Attention

Despite the relative decline that Bitcoin, the largest digital currency, is witnessing in these moments of trading today, Thursday, speculators for a return to the rise above the $30,000 levels are steadfast, and have so far succeeded in supporting prices.

Despite the panic that dominated the markets due to the selling waves that dominated the transactions of the new owners of the largest currency, Bitcoin succeeded in staying above the support levels of 32 thousand dollars.

Bitcoin is now declining by about 2.5%, down to levels of $ 33.1 thousand, while the market value is about $ 620 billion, while the losses of Bitcoin decreased within a week to about 15%. In contrast, Elon Musk’s cryptocurrency, DOGE/USD, continues to make an impressive performance after Wednesday’s strong gains close to the 40% mark. The Dogecoin rises in trading today, Thursday, by about 10% at levels of $0.2379, while its market value is about $30.5 billion.

During the Monday and Tuesday sessions, Dogecoin lost nearly 77% of its market value amid a wave of sharp losses that hit the cryptocurrency market and plunged it to its lowest levels in 2021. While the largest altcoins fell at these moments by about 4% below the $2000 levels, and Ethereum is trading is at $1,936 levels while its market capitalization is around $225 billion.