Elon Musk tweet pushes Dogecoin Price Up with a Raunchy Meme
The Tesla boss has just taken to Twitter to post his version of the “Man Distracted By Laptop” meme. Musk’s innocuous tweet was able to instantly push the price of Dogecoin by over 3% in two minutes, proving that his market-moving powers are alive and well. However, the jump has proven to be rather short-lived.
New Litecoin All-Time Highs Are Still In The Cards
After a week of trending upwards, Litecoin could finally be poised to rally above the $160 target. The coin traded at or above that number for nearly half the year. From the beginning of February until the middle of June, LTC was on a bull run until the entire market’s fall last month.
Buy LTC and Start your Crypto Journey
Is Bitcoin The New Gold? Indians Pour Billions Into Crypto
Despite the bans, the crypto market has boomed in India. With citizens saying that they preferred to put their money in Bitcoin than they would in gold. The number of people buying and selling cryptos in 2021 in India now totals more than 15 million. In contrast, there are 23 million traders in the U.S. and only 2.3 million crypto traders in the U.K.
Bitcoin may soon be classified as a regulated ‘asset’ in India
Grayscale Adds Cardano to Its Cryptocurrency Investment Fund
Crypto investment firm Grayscale today added Cardano (ADA) to its Digital Large Cap Fund. The New York City-based company announced that the altcoin would make up 4.26% of the fund. Most of Grayscale’s Digital Large Cap Fund is still Bitcoin (67.47%) and Ethereum (25.39%) but the company wanted to add Cardano, the fifth-largest cryptocurrency by market cap, to diversify its portfolio, it said.
Bitcoin’s key momentum metric hints at bullish divergence as BTC clings to $33K
Bitcoin is confirming a bullish divergence. the BTC/USD exchange rate corrected lower after forming a local top at $36,675 on June 29. However, as of the Friday London session, the pair was trading below $33,000. The RSI fell in tandem with the latest downside move and was near 42 at press time, a neutral-to-bullish area.