🌇 Dogecoin Slips in Rankings but Analysts Say Don’t Count It Out
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Cardano leaps to 8th, dethroning Dogecoin and TRON. $EDM sparks buzz as the future of energy crypto. DOGE chart hints at more upside, despite ranking drop. Scaramucci eyes $180K Bitcoin by 2025. ETFs lose $645M as BTC slides before Powell’s speech. ✨Here’s a quick glance:
🔖 Market Predictions and Trends:
🔹Recent predictions highlight Doge’s price movement for August 17, showcasing market volatility (Source).
🔹Analysts believe Bitcoin could reach $180K by late 2025, driven by institutional interest (Source).
🔹Ethereum is outperforming Bitcoin, signaling a shift in investor focus (Source).
🔹Cardano’s sudden surge and liquidation imbalance indicate potential price recovery soon (Source).
🔖 Regulatory & Industry Developments:
🔹Crypto groups oppose attempts to rewrite the GENIUS Act, fearing restrictions on innovation (Source).
🔹Ripple has entered a strategic partnership with Gemini in anticipation of their IPO, highlighting industry consolidation (Source).
🔹China’s consideration of yuan-backed stablecoins marks a major policy shift in digital currency (Source).
🔹Wall Street’s retreat from Bitcoin ETFs reflects cautious market sentiment (Source).
🔖 Notable News & Insights:
🔹Fed Vice Chair supports staff owning crypto, boosting market confidence (Source).
🔹Bybit reveals trillions of SHIB holdings, emphasizing meme coin popularity (Source).
🔹Industry experts challenge traditional predictions, advocating AI-driven crypto insights (Source).
🔹Peter Todd comments on Bitcoin’s future with cryptographic innovations (Source).
🔖 Market Movements & Sentiment:
🔹Dogecoin’s bull run may be over, but analysts warn against betting against supportive charts (Source).
🔹Bitcoin hit exchanges with a loss of over $5.6 billion in two days, indicating sell-offs (Source).
🔹Bitcoin’s presale hit $10.8M after significant whale buys, signaling strong institutional interest (Source).
🔹Meanwhile, investors prepare for Powell’s speech as Bitcoin nears $112K, implying cautious optimism (Source).