After retracing below the psychological $100,000 threshold, Bitcoin has investors wondering if this is a short-term decline or a more substantial change on the market. As of right now, Bitcoin is trading at about $95,933, down 1.04% from the previous day.

The Shiba Inu (SHIB) community was left stunned when Crypto.com, one of the leading cryptocurrency exchanges, moved a massive 32.74 trillion SHIB—worth approximately $390 million—into an unknown wallet. The massive transaction, initially flagged by blockchain tracker Whale Alert, fueled various speculations, including concerns of potential hacks, whale activity, and market manipulation.

Wednesday was another trading session full of losses for all types of cryptocurrencies. Several macroeconomic news items from the previous day continued to push down sentiment, as did rising bond yields.

The Dogecoin (DOGE) price could be on the cusp of a massive price crash, as blockchain data reveals an uptick in Whales sending their tokens to major exchanges. The post Is Dogecoin Price About to Crash? Whale Sends 70 Million DOGE to Binance appeared first on Cryptonews.

Whale Alert, a prominent crypto and blockchain tracking platform, has spotted a massive DOGE deposit amid the Dogecoin price crash. This enormous deposit, involving over 70 million DOGE tokens, was moved by an anonymous whale to Binance, the world's largest crypto exchange.

Recent price movement points to a notable upside momentum for Dogecoin in the upcoming days as the general crypto market gains traction. However, certain indicators show that the dog-themed meme coin's next upward move might be tied to Bitcoin's price dynamics.

As the cryptocurrency market prepares for its next bull run, analysts issue a new Dogecoin price prediction while the market focuses on a promising new Ethereum token, WallitlQ (WLTQ). The latest market forecasts highlight Dogecoin's potential for explosive rallies and WallitlQ's soaring presale adoption, which could drive its price to new ATHs.

Cryptocurrency markets continued to slide lower on Wednesday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,201.98 -2.3% Ethereum (CRYPTO: ETH) $3,279.33 -3.2% Solana (CRYPTO: SOL) $194.57 -4.9% XRP (CRYPTO: XRP) $2.32 +1.9% Dogecoin (CRYPTO: DOGE) $0.3362 -4.8% Shiba Inu (CRYPTO: SHIB) $0.00002113 -3.6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 9% and daily active addresses falling by 0.08%.

The Shiba Inu and Dogecoin prices have suffered double-digit losses today, having started the week on a positive note. This price drop has occurred thanks to macroeconomic factors, which present a bearish outlook for these coins.

Crypto's second biggest doge-themed meme coin, the $12.6 billion Shiba Inu ($SHIB), has experienced a significant 2,133% surge in its burn rate, which coincided with a 10% increase in price. The community says these burns are helping $SHIB keep its place among the best meme coins even as the top ten leaderboard gets a reshuffle.

A whale transferred a significant 8.18 trillion SHIB coins worth $195.1 million.

Bitcoin's sell-off shows no signs of forming a bottom, which is destroying traders' appetite for altcoins.

Dogecoin price retreated for two consecutive days as sentiment in the crypto industry worsened. Dogecoin (DOGE), the largest meme coin in the cryptocurrency market, fell by 6% on January 8, reaching a low of $0.

Amid the wider market decline, meme coin Dogecoin has seen its price retrace by about 10% in the past 24 hours. At the same time, data from Coinglass shows that over $24 million worth of Dogecoin positions have been liquidated in the ensuing decline in the past 24 hours.

Dogecoin price has dropped over 10% in the last 24 hours, mirroring a widespread cryptocurrency market downturn. Bitcoin's price fell below $96K, signaling a bearish trend that triggered investor liquidations.

Dogecoin dropped 10% to below $0.37 amid a broader crypto market decline that saw Bitcoin fall to $96,000 and triggered $560 million in liquidations.

Shiba Inu's Layer 2 solution, Shibarium, has just crossed a huge milestone—over 700 million transactions. This marks a pivotal moment for the network, which is quickly becoming a key player in the Shiba Inu ecosystem.

The futures on Dogecoin (DOGE) are attracting growing interest, marking a new record for open interest and consolidating the role of the largest memecoin by market capitalization.

In recent developments, Stellar (XLM) has surpassed Shiba Inu (SHIB) in the cryptocurrency market rankings. Stellar is ranked 15th among the top cryptocurrencies by market capitalization, with a market value of $13.15 billion, while Shiba Inu has dropped to 16th, with a current market valuation of $12.69 billion.

Shiba Inu lead developer Shytoshi Kusama has recently commented on the utility of SHIB, BONE, LEASH, and the soon-to-launch TREAT token. This has gained notable traction from the investors, as the market participants eagerly await the launch of the TREAT token, expected on January 14.

The cryptocurrency market has clinched several gains in terms of asset price recovery and a broader positive regulatory projection. With eyes locked on a second Trump term in the White House, traders are betting on a higher price rally for top digital assets.

Shiba Inu coin price has crashed by over 35% from its December high and faces further downside risks as the burn rate and Shibarium fees continue to decline. Shiba Inu (SHIB) retreated to $0.

In a lighthearted tweet, Dogecoin co-founder Billy Markus, who goes by "Shibetoshi Nakamoto" on X, has reacted to Bitcoin's recent price drop of over 5%. Markus humorously commented, "bitcoin ate some fast food this morning," while sharing a Bitcoin chart to illustrate its price drop.

Dominating the crypto narrative, crypto bears are pushing down on meme coins. However, Shiba Inu, clinging to a crucial support, hints at a bounce back. Will this result in a quick V-shaped reversal?

In the last 24 hours, Shiba Inu's burn rate has surged by an astonishing 4,100%, with a total of 21,709,094 SHIB tokens permanently removed from circulation.

The Dogecoin liquidation heatmap of the past month showed that the $0.42 area was the strongest magnetic zone nearby.

Leading meme coin Shiba Inu has noted a 10% price fall in the past 24 hours. This drop follows a surge in profit-taking by traders, who cashed out a staggering $426 million on Tuesday, its biggest single-day selloff since 2022.

Dogecoin price predictions for 2025: Is DOGE's rally driven by sustainable growth or just hype? Explore key resistance and support levels.

Considering the volatility of the market as a whole, Dogecoin's performance is still comparatively stable despite a recent 12% decline to trade at about $0.34. DOGE has returned to its 50 EMA, a crucial support level, as a result of the sell-off.

Sellers are dominating today, according to CoinStats.

Bears have seized the initiative on the market, according to CoinMarketCap.

The Pectra update and the regulations under the Trump administration drive the rise of Ethereum.

Dogecoin (DOGE -13.12%) had a spectacular year in 2024 with a gain of 250%. It outperformed many other popular cryptocurrencies, including XRP (Ripple), Bitcoin, and Ethereum.

Shiba Inu (SHIB) price fell sharply on Wednesday, dropping over 10% in the past 24 hours. The decline broke crucial support levels following a market-wide correction that erased gains from the recent bullish trend.

A change in market sentiment is indicated by Shiba Inu's recent decline below a crucial support level. SHIB is currently trading below the 100 EMA and getting closer to the crucial 200 EMA, per the charts.

“History shows these dips often pave the way for bigger bullish movements, especially with where we are in the market cycle now,” one market watcher said, as some foresee a shaky period in January.

Finding the next great prospect is an ongoing hunt as the cryptocurrency market enthrals investors. Rexas Finance (RXS) has become a convincing substitute for those let down by Shiba Inu price drop.

Dogecoin is facing a tough day, having dropped almost 10% in the last 24 hours.

Dogecoin (DOGE), the original meme coin and one of the top 10 cryptocurrencies by market cap, saw its price plunge nearly 10% in the last 24 hours amid a broader cryptocurrency market downturn. The decline follows mixed U.S. economic data released earlier on Tuesday, which has created ripples across financial markets.

Elon Musk, on Tuesday, predicted a potential drop in prices of cryptocurrencies like Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) if dollar inflation is addressed. What Happened: The Tesla and Space X CEO expressed his views on how cryptocurrencies would benefit if inflation and government overspending were curbed “If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal,” Musk wrote in an X post.

The trading volume of Ethereum, the second-largest cryptocurrency by market capitalization, has significantly increased recently. This significant rise is a sign of increased market activity since it implies that traders and investors are participating more actively.

Elon Musk offered praise for Pierre Poilievre, a Bitcoin advocate and contender for Canadian PM, who wants to cut government spending.

It's a rough day for Dogecoin, but other meme coins like Bonk and AI16Z are faring even worse as the crypto market takes a beating.

Shiba Inu (SHIB -9.94%) is seeing big sell-offs in Tuesday's trading. The cryptocurrency's token price was down 8.2% over the last 24 hours -- a period that also saw Bitcoin's price fall 5% and Ethereum's price fall 7.4%.

The cryptocurrency market was not doing well on Tuesday as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and other digital assets plunged. The crypto market crash occurred in tandem with other risk-off events in the global financial market owing to rising US treasury yields, a more hawkish Fed and heightened macroeconomic uncertainty.

Leading meme coin Dogecoin (DOGE) has seen a notable price surge over the past week, outperforming its top meme coin rivals. During this period, DOGE has soared by 23%, outpacing Shiba Inu (SHIB), which has risen 14%, and Pepe (PEPE), which has gained 4%.

Shiba Inu (SHIB) has recently drawn attention as large-scale transactions involving the token were spotted on-chain. According to Whale Alert, a blockchain analytics platform, more than 1.6 trillion SHIB tokens, worth about $39 million, were transferred from Crypto.com to anonymous wallets.