Cointelegraph by Nancy Lubale
DOGE price is up today as on-chain data shows and uptick in network activity and Dogecoin wallet balances.
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Analysts forecast a Bitcoin run above $100,000 now that BTC reclaimed the $61,000 level.
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Bitcoin price shows signs of a recovery, but analysts are uncertain whether the strongest part of the correction has passed.
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Bitcoin’s prolonged correction is driven by a sharp decrease in demand for nearly all investor cohorts.
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Data suggests that newer investors are behind Bitcoin’s sell-off, but sell-side exhaustion will eventually mark BTC’s price bottom.
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Concerns over rising inflation and flat spot Bitcoin ETF inflows could be factors in the $435 million outflow from crypto investment funds last week.
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Memecoins in the Solana ecosystem defy the recent bearish downtrend in the crypto market by managing to generate double-digit gains.
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Key on-chain metrics suggest a higher baseline for Bitcoin price now that the halving is complete.
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