Dogecoin Whales Show Signs of Accumulation Amidst Market Uncertainty

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CRYPTOCURRENCY Новости

DOGE,Whales,Accumulation

Dogecoin (DOGE) witnesses increased activity with millions of tokens moving, potentially indicating accumulation by whales. This surge coincides with a price rebound after a decline, but the overall market sentiment remains cautious due to factors like a potential hawkish Federal Reserve in 2025.

The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.Dogecoin has seen an increase in activity over the past 48 hours, with a staggering 90 million DOGE on the move. According to cryptocurrency analyst, whales have bought over 90 million DOGE in the last 48 hours. This accumulation comes as DOGE’s price rebounded after three consecutive days of declines.A Bitcoin-led rally fizzled in the final days of a record-breaking year for digital assets. This sentiment spilled to altcoins, with several of these assets posting lackluster trading action toward the year's end.After the Christmas break, jobless claims data released Thursday came in lower at 219,000, falling short of Dow Jones's average prediction of 225,000. However, continuing claims increased by 46,000 in the week ended Dec. 14, reaching the highest level since November 2021.Traders predict a more hawkish Federal Reserve in 2025. The central bank's next meeting is scheduled for the end of January, when rates are expected to remain unchanged. This cautious stance seems to be impacting the markets, including cryptocurrencies. 'Rich Dad Poor Dad' Author Doubles Down on His Bitcoin $350K Prediction for 2025 XRP: Here's What Happens if This Resistance is Broken, Finally, Ethereum (ETH) Is Waking Up, Growth of US Dollar Index (DXY) Is What Suffocating BitcoinDogecoin is currently oscillating in a tight range and is flirting with a drop for December, which would be its first monthly decline since September when it embarked on a rise.On De

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