DOGE Increased By 5% While BTC Dipped To $45K Once Again

DOGE increased by 5% while BTC dipped below $45K once again and the rest of the altcoins calmed down on a daily scale so let’s read more in today’s latest Dogecoin news.

Following the Elon Musk announcement that he purchased a stake in Twitter, DOGE increased by 5% while BTC failed to conquer $47,000 and dipped a few thousand dollars to $45,000. most other altcoins remained calm while DOGE was the biggest gainer and saw a 5% increase that pushed the coin above $0.15. most alternative coins calmed down after the enhanced volatility that we saw last week. ETH for exampel dropped to $3300 before the bulls were able to come back and push to a three-month high above $3550. ETH remained around the same level and now sits above it after a smaller increase on a daily scale.

Binance Coin trades above $450 for the first time in months and BNB added 2% since yesterday. Polkadot, Terra, SHIB are also in the green. In contrast, Solana, Cardano, Avalanche, and Ripple charted some smaller gains as well. DOGE is the biggest gainer with a  5% increase which came after the news broke that Elon Musk acquired a 9.2% 5stake on Twitter which eventually pushed DOGE’s price higher. The crypto market remained calm as well and sits above $2.150 trillion.

The primary cryptocurrency dumped to over $44,000 after af e days of consolidation but the recent bullish movement in the crypto marekt didn’t allow for furhter declines. BTC recovered the losses and spiked above $47,000 so the assets jumped north on the level and failed to maintain it. The bears pushed it south and BTC found itself dropping to $45,000 once again. As of now, BTC bounce off and sits near $46,500 but the market cap is still below the $900 billion mark.

Also as reported recently, Tesla’s CEO and founder of SpaceX, Elon Musk took a 9.2% stake in Twitter. According to the SEC filing, he purchased 73,486,938 shares of common stock, and with TWTR tradign at $39.31 it brings the total purchase to more than $2.8 billion. As for the price of Twitter stocks, it already jumped by 26% before the markets opened. More than 2 million Twitter users responded out of which 70% believed Twitter didn’t adhere to the principle of free speech. The CEO of Tesla and his purchase of a stake in Twitter came as the social media platform started exploring the possibilities of decentralization.