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Global public interest in Dogecoin (DOGE), as measured by internet search statistics, has exceeded that of Bitcoin (BTC) for the first time. According to data from Google Trends, values assigned to each cryptocurrency for May 2–8 stand at 56/100 points for DOGE versus 48/100 for BTC.
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BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
Bitcoin update
Bitcoin (BTC) is starting off the week in the green and is currently trading for $58,517.
The crypto market has rallied into the weekend as Ether (ETH), Dogecoin (DOGE) and Shibu Inu (SHIB) hit new all-time highs as they lead the pack of altcoins up the market cap mountain.
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BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
Bitcoin update
BTC has been moving upwards since bouncing at the $53,000 support area on May 5. The support area is created by the 0.
The bitcoin (BTC) price had been increasing since May 5 but was rejected once it reached the $58,000 resistance area the next day.
BTC is expected to find support at one of the two Fib support levels outlined below. Afterward, a breakout from the current pattern is likely.
Shares of Coinbase Global Inc. tumbled to fresh lows on Thursday, as Wall Street investors continued to cycle out of high-flying tech stocks. The cryptocurrency market, meanwhile, reached a record valuation over $2.4 trillion.
COIN stock bottomed at $255.
Metromile, Inc., a digital insurer headquartered in San Francisco, is making Bitcoin (BTC) a core part of its business operations, offering further evidence of growing mainstream adoption of digital assets.
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BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
Bitcoin update
BTC bounced considerably on May 5 after reaching the $53,000 support area.
Bitcoin (BTC) increased considerably on May 5, creating a bullish engulfing candlestick in the process.
BTC is expected to continue increasing, breaking out from the $56,000 resistance area.
Bullish engulfing BTC candlestick
BTC bounced considerably on May 5 after reaching the $53,000 support area.
Ethereum and bitcoin posted record-setting inflows last week. Further analytics from a recent CoinShares report shows investors dumped more money into crypto last week than any week since February.
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