An obstacle has been encountered in Bitcoin's ascent to the elusive $100,000 milestone, prompting traders and investors to wonder what is preventing the top cryptocurrency from reaching its full potential. Although Bitcoin has recently experienced bullish momentum that brought it near $100,000, the psychological barrier has not been broken.

Crypto analyst Jacob Canfield has raised the possibility of the Dogecoin price replicating the recent XRP rally. This came as the analyst highlighted similarities between Dogecoin's recent price action and XRP's.

Why Some of the Market's Favorite Altcoins Were Soaring Today

A wallet linked to the United States government has transferred over 54 billion Shiba Inu (SHIB) tokens to a newly created wallet. Popular blockchain analytics platform Arkham Intelligence indexed the transaction on December 3.

Bitcoin came within hundreds of dollars of the vaunted $100,000 milestone on Wednesday, with ETH, DOGE, and other assets rising alongside.

The U.S. government's latest crypto transfers include $18 million in ETH and $13 million in BUSD amid a market rally.

Cryptocurrency markets are trading higher on Wednesday, bolstered by Federal Reserve Chair Jerome Powell calling it “digital gold.” Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,718 +1.6% Ethereum (CRYPTO: ETH) $3,838 +6.0% Solana (CRYPTO: SOL) $230.86 -3.2% Dogecoin (CRYPTO: DOGE) $0.4222 +2.2% Shiba Inu (CRYPTO: SHIB) $0.00003057 +6.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 10% and daily active addresses down by 0.3%.

Dogecoin price, the popular meme-based cryptocurrency, has seen a remarkable 181% surge in value over the past month. This significant price spike has captured attention across various trading platforms, positioning DOGE among the top gainers.

The Dogecoin price action in the past 48 hours has been highlighted by a consolidation below the $0.45 price level. Interestingly, technical analysis shows that this consolidation is part of a bullish pennant that has been in formation since early November.

Bitcoin may consolidate in the near term while select altcoins continue to outperform.

Dogecoin has entered a consolidation phase, holding below its recent local high of $0.48. Despite showing signs of bullish momentum, the price has struggled to break above key resistance levels, leaving traders and investors anticipating its next move.

The Shiba Inn (SHIB) price is looking perky in wake of an exciting new Shibarium upgrade, the could help power further development in layer-2 Ethereum scaling blockchain ecosystem. The post Shibarium Upgrade Sparks SHIB Rally – Can It Propel Shiba Inu to $1? appeared first on Cryptonews.

BIT Mining remains a leading player in Litecoin and Dogecoin mining, reporting significant hash rate contributions and profitability driven by LD3 miners. The company highlights its strategy to adapt to market trends and optimize mining hardware for consistent returns in altcoin mining. The post BIT Mining Continues Focus on Litecoin and Dogecoin Mining appeared first on Cryptonews.

Dogecoin appears primed for a possible breakout to $1. Cointelegraph explains why.

Pepe (CRYPTO: PEPE) saw a surge in trading activity following its listing announcement on Binance US, with analysts predicting further upward movement. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend 30-Day Trend Pepe (CRYPTO: PEPE) $0.00002031 $8.5 billion +4% +4.7% +152.4% Dogecoin (CRYPTO: DOGE) $0.4033 $59.3 billion +0.14% +1.1% +158.4% Shiba Inu (CRYPTO: SHIB) $0.00002928 $17.3 billion +5.7% +16.3% +76.1% Dogwifhat (CRYPTO: WIF) $3.13 $3.1 billion +1.9% +1% +57% Trader Notes: Crypto trader Davie Satoshi noted the bounce from key support levels as a positive sign, indicating bullish momentum may be on the horizon.

The USA Government has just carried out a transaction involving the cryptocurrency Shiba Inu for an amount of about 1.6 million dollars.

The price of Dogecoin (DOGE) has fallen below the $0.45 level. Since November 12, buyers have failed to sustain the price above the $0.45 level.

Will whale accumulation spree push DOGE to $10?

An unknown major investor recently withdrew over 80 billion Shiba Inu (SHIB) tokens from leading U.S. crypto exchange Coinbase. According to on-chain data from Arkham Intelligence, the previously empty wallet under the code "0xE0624" began actively transferring SHIB tokens from Coinbase today and managed to add $2.39 million worth of Shiba Inu to its holdings in 13 hours.

Dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a significant price increase of 7% within the last 24 hours. Within this time frame, the volume of large transactions, which refers to those greater than $100,000, came in 10.43 trillion SHIB tokens, or $299.13 million, according to IntoTheBlock data.

Shytoshi Kusama teases SHIFU, a new Shiba Inu meme coin, promising airdrops, sparking excitement, skepticism, and ecosystem growth.

The market is mostly bullish; however, there are some exceptions to the rule, according to CoinMarketCap.

Shiba Inu price has risen substantially at a time when meme coins are struggling amid altcoin rally. Here's why SHIB's upside will extend.

Amid the growing bullish market, Dogecoin is sustaining its bullish trend and preparing for a new breakout rally. With buyers keeping the market price floating above the $0.40 mark, the chances of a bullish trend have significantly increased. With the broader market bounce back, the DOGE coin could witness a surge beyond the $0.

With Bitcoin ($BTC) heading back up once more, some of the altcoins are breaking out. That said, the memecoin niche is the one to watch.

After a staggering rally exceeding 200% in the first two weeks of November, Dogecoin (DOGE) has entered a consolidation phase. Crypto analyst Kevin (@Kev_Capital_TA) suggests this could be the calm before the storm, hinting at a potential surge similar to a previous market cycle.

Shiba Inu's lead developer, Shytoshi Kusama, has made the crypto community excited by spotlighting a new meme coin, SHIFU through his tweet post. This latest dog-themed coin is already gaining traction, particularly because of its ties to Shiba Inu's ecosystem, one of the most successful meme coins in the market.

Peanut the Squirrel (PNUT) achieved a $1 billion market cap in just 11 days, significantly faster than Dogecoin (DOGE), which took over four years.

Shiba Inu (SHIB) has been experiencing an impressive rally recently, witnessing a price surge of 72% in the past month. This significant uptick has been accompanied by a marked rise in activity across its network, with new wallets joining and an increase in address engagement.

Shiba Inu's network experienced a dramatic surge in early December 2024 with 7,600 new wallets and $857 million in peak transaction volume, followed by a steep decline to $176.94 million in volume and a return to normal activity levels.

Shiba Inu (SHIB) is capitalizing on the broad revival in the digital currency ecosystem to chart a bullish growth trend. After dropping as low as $0.00002713 over the past 24 hours, the token has managed to breach the $0.00003 price mark in an unexpected rebound push.

Dogecoin whales have purchased 160 million DOGE over a weekend period, accompanied by increased trading volumes and broader market participation, while moving their acquisitions to private wallets for apparent longer-term holding.

The crypto market cap hits a new all-time high (ATH) today, surpassing the $3.50 trillion landmark. The Altcoin Season Index by platforms including Blockchain Center and CoinMarketCap indicated the market has entered altcoin season, with confirmation from one of the top analysts Markus Thielen, CEO of 10x Research.

Shiba Inu price, a popular meme-based coin, has gained significant attention this month. With a 230% increase in value over the past year, SHIB has generated excitement among investors.

Dogecoin is riding the Trump-Musk wave right now, but history suggests it won't last.

Data shared by the Shibburn tracker in a recently published tweet reveals that over the last day, the SHIB burn metric has skyrocketed to a high that has not been seen for a long while.

Shiba Inu lead developer Shytoshi Kusama captured noteworthy market attention on Wednesday, highlighting a new meme coin launch. Notably, the lead developer posted on the social media platform X, bringing attention to the new dog-themed coin SHIFU.

Can Dogecoin reach $1 in 2024? Explore Dogecoin's key price levels, chart analysis, and the path to breaking $0.50.

In the past 24 hours, the cryptocurrency market experienced a significant wave of liquidations, totaling more than $588 million.

XRP has seen a massive surge in value, increasing by over 439% in the past month and 86% in the last week to reach $2.70, its highest level since 2018.

The U.S. government has once again moved significant amounts of cryptocurrency seized during legal battles involving FTX and Alameda Research. This latest development adds to the ongoing management of billions of dollars in digital assets confiscated from high-profile crypto collapses.

Dogecoin whales acquire 160 million DOGE, sparking speculation about their market strategy and price impact.

Crypto trades surged to $18 billion in 24 hours, driven by altcoins like XRP and DOGE, surpassing the stock market's $14 billion performance.

A prominent cryptocurrency analyst who has gained a large following on social media after accurately calling Bitcoin's 2018 bear market bottom above $3.000 has recently revealed he believes the price of the meme-inspired Dogecoin ($DOGE) could soon see a significant breakout.

Shiba Inu gains momentum with a surge in network growth as new wallet addresses hit yearly highs.

A widely followed analyst is leaning bullish on layer-1 blockchain Avalanche (AVAX) while offering his forecast for the flagship memecoin Dogecoin (DOGE) and interoperable chain Polkadot (DOT). The analyst pseudonymously known as Rekt Capital tells his 518,000 followers on the social media platform X that Avalanche witnessed a strong November.

Dogecoin is believed to surge significantly in the ongoing market cycle to new levels due to past trends, with each cycle's performance bigger than the previous one. As the community awaits the rally, a crypto analyst has highlighted several exit points for investors in order to prevent substantial losses.