Biggest Movers: DOGE, SHIB Slip Following ECB Rate Hike – Market Updates Bitcoin News

The bank moved to increase rates by 50 basis points, despite the recent banking crisis. As a result of this many now expect that the Federal Reserve will continue to increase rates also.Dogecoin fell by over 5% on Thursday, as markets reacted to the latest interest rate decision from the ECB.

Following a high of $0.07313, DOGE/USD raced to an intraday low of $0.06814 earlier in today’s session.As a result of the decline, DOGE was once again trading below a key price floor at the $0.07000 mark. The catalyst for this appears to be a failed breakout of the ceiling at the 44.00 level on the 14-day relative strength index .In addition to DOGE, shiba inu was also in the red in today’s session, with prices trading close to a key price floor.

Thursday’s drop in price has seen the meme coin close in on a long-term support point at the $0.00001020 mark.However, a collision was averted, as the RSI bounced from a floor of its own, at the 38.00 zone.

Guess I'll be holding onto my dogecoins a bit longer then. DYOR

Using Chiefrafba for signals and analysis I have a 92% win rate in 2 months

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biggest Movers: LTC Back Above $80, DOGE Extends Gains Following Inflation Report – Market Updates Bitcoin NewsLitecoin rose by as much as 15% in Tuesday's session, as markets reacted to the latest inflation report from the United States. We are finally moving towards bull trend $BTC & $KAS regulation friendly ✅ No ICO ✅ Fair launch ✅ No dev allocations ✅ Driven by community ✅ Decentralized ✅ Secure ✅ No pre-mining But also, Kaspa ✅ More convenient ✅ More fast Kaspa is the first blockDAG. Built by pioneers, led by the people. A lot of my friends buy Litecoin, people underestimate how much Americans love Litecoin
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin Dominance on the Rise as ADA, DOGE, SOL, SHIB Slump by 8%: Market WatchSeveral large-cap alts, such as ADA, DOT, DOGE, SOL, and SHIB, are deep in the red today.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Stock Market Today: Dow down 200 points as banks remain under pressure; ECB hikes ratesDow down 250 points as ECB remains on rate-hike path despite banking worries Rate hike of 50 basis points in Europe
Source: MarketWatch - 🏆 3. / 97 Read more »