Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Cryptos – American Wrap 11 December
|Bitcoin reclaims $100K following release of US CPI data for November
Bitcoin (BTC) surged above $100K on Wednesday following the release of the US November Consumer Price Index (CPI) data, which came in line with expectations at 2.7%. Crypto investors quickly reacted to the report as market participants now anticipate that the Federal Reserve (Fed) will cut rates by 25 basis points (bps) next week.
Dogecoin Price Prediction: Rebound expected as 60,000 new traders buy the dip
Dogecoin price reclaimed the $0.40 territory on Wednesday as bulls staged a 10% rebound within the last 24 hours. DOGE on-chain data trends shows that a large number of new entrants capitalized on the crypto market correction phase to buy the dip.
Marathon digital boosts Bitcoin holdings in bold move
Marathon Digital has made a bold move in the cryptocurrency world by purchasing a significant amount of Bitcoin. The company announced it acquired over 11,000 Bitcoin recently, demonstrating its growing commitment to increasing its digital asset holdings. This purchase is part of a broader strategy that many major firms are adopting, including MicroStrategy and Riot Platforms.
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