A brief technical and on-chain analysis on a few cryptos. Here, FXStreet’s analysts evaluate where some of the hottest cryptos on the market could go next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.
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Dogecoin Price Forecast: DOGE bears remain strong despite Elon Musk’s endorsement
Dogecoin extends its decline, trading around $0.23 on Monday after falling 8.55% last week. Coinglass’ long-to-short ratio for DOGE reads below one, indicating more traders are betting for a correction while the technical outlook projects a pullback toward the $0.20 level.
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP momentum indicators show bearish signs
Bitcoin price has been consolidating between $94,000 and $100,000 since early February. Ethereum price trades around $2,700 on Monday after rallying almost 6% last week. XRP faces rejection from its daily resistance level at $2.72, hinting at a downleg ahead.
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Bybit's $1.4 billion hack traced to Lazarus Group: ZachXBT
Crypto investigator ZachXBT linked the $1.44 billion hack of crypto exchange Bybit on Friday to the infamous Lazarus Group, which has been allegedly responsible for some of the top attacks on digital asset platforms.
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Crypto Today: Arkham discovers Bybit hackers wallets as BTC, ETH and top 20 altcoins lose $75B
Bitcoin started the day on a positive note, rising as high as $99,495 before news of the Bybit hack triggered a 4% reversal to $96,200 at press time on Friday.
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Bitcoin: BTC demand and liquidity conditions remain weak
Bitcoin price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday. Despite this consolidation, US Bitcoin spot ETFs data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors.
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