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Dogecoin Gains 22% Despite Sunday’s Crypto Bloodbath

From investingcube.com

Dogecoin escaped the cryptocurrency bloodbath that occurred on Sunday, April 18, as it was able to register a 22% upside move following Saturday’s retracement. Part of the reason why Dogecoin literally “dodged” the bullet is the news of a major Dogecoin purchase by an unknown entity, to the tune of $892million. This information, which was pulled by a Twitter user off BitInfoCharts is yet to be confirmed. However, markets tend to move on rumors and the crypto market has shown extreme susceptibility to rumors. It may be interesting to point out that today’s crypto selloff was triggered by an unconfirmed tweet that ... (full story)

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  • Category: Technical Analysis