Bitcoin (BTC) price is already up more than 4% for the year as bulls resurface after a long hiatus. Due to its broad mainstream correlation with other asset classes in financial markets, Bitcoin has not shown the sharp spikes seen in its little cousin Cardano. With so much bond buying and the US dollar not appearing to be falling or rising in one direction, a trader is cautious about placing his money in just one asset or asset class of his.
Dogecoin (DOGE) price action shows that the bulls are ahead of US inflation this Thursday. This is because the second tier data for US and European inflation points to a slowdown in both inflation and the economy. This leads traders to dream up Goldilocks his scenario of losing his investment in 2022. DOGE is set to surge towards $0.085 this week, and it looks like it’s time for a bull-to-bear payback.
Shiba Inu, the second largest meme coin in the cryptocurrency ecosystem, is currently on the rise. Bitcoin and Ethereum held their ground over the past week as altcoins like Shiba Inu delivered double-digit profits to their holders.