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Is Now a Good Time to Buy the Dip in Dogecoin?
Last year, mainstream cryptocurrencies such as Bitcoin and Ethereum generated returns far superior to those seen in the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC). One of the main catalysts for these cryptocurrencies in 2024 was the presidential election. Then-candidate Donald Trump and many of his supporters consistently touted the benefits of cryptocurrency, and even hinted at building a strategic reserve of Bitcoin for the U.S. balance sheet. Just to paint a picture of how much the election weighed on the crypto market, consider that the prices of Bitcoin and Ethereum rose 37% and 40%, ... (full story)
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- Posted: Feb 14, 2025 9:40am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 149
