Bitcoin Cash

Strong

Bitcoin

Dogecoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-retraces-after-peak-dogecoin-remains-strong/" data-wpel-link="internal">Bitcoin Retraces After Peak, Dogecoin Remains Strong</a> 
<a href="https://coin-turk.com/bitcoin-buyuk-surpriz-yapacak-unlu-analistten-ses-getiren-analiz" data-wpel-link="internal">Bitcoin</a> price, after testing the $68,000 mark, has retreated to the $65,000 region, yet <a href="https://en.coin-turk.com/x-payments-licensing-progress-in-nevada/" data-wpel-link="internal">DOGE</a> remains strong. The majority of altcoins experienced rapid increases following the Fed meeting, influenced by the rising <a href="https://coin-turk.com/btc-fiyati-icin-bu-seviyeden-sonra-donus-yok-iste-btc-fiyat-yorumu" data-wpel-link="internal">BTC</a> price, indicating investor confidence in the trend. However, they are also avoiding short-term risks. 
<h2 style="text-align: justify" id="why-is-dogecoin-doge-rising">Why is Dogecoin (DOGE) Rising?</h2> 
As of the time this article was prepared, the DOGE price continues the day at $0.15. Having lingered around $0.08 for months, this price is enough to give hope to <a href="https://en.coin-turk.com/binance-futures-announces-usdc-margined-dogecoin-futures/" data-wpel-link="internal">Dogecoin</a> investors. Additionally, DOGE’s price has increased due to the fact that the US-based Coinbase is considering launching futures for DOGE along with Litecoin and <a href="https://en.coin-turk.com/bitcoin-holds-above-critical-threshold-the-latest-on-cryptocurrency-markets/" data-wpel-link="internal">Bitcoin</a> Cash (BCH). 
Coinbase Derivatives expressed its intention for Dogecoin in a letter sent to the Commodity Futures Trading Commission (CFTC) on March 7th. The letter addressed to CFTC Secretary Christopher Kirkpatrick contains details about the proposed futures contract. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-331542 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-neden-artiyor.jpeg" alt="" width="1170" height="1494"> 
A notable point in the letter is that the exchange can list the DOGE futures contract under CFTC Regulation 40.2(a), which allows it to continue listing through “self-certification” without any formal approval from the CFTC. 
<h2 style="text-align: justify" id="doge-outlook">DOGE Outlook</h2> 
Following Coinbase’s latest move, everyone is focused on the expected launch date of futures on April 1st. If the CFTC does not object, DOGE will be registered as a commodity, distancing it from potential SEC pressure. Since the CFTC is more lenient on crypto matters, this positive development could lead to a price increase over a 9-10 day period. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-331543 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-acik-pozisyonlar-2.png" alt="" width="2660" height="755"> 
With the expectation of a DOGE price increase, the size of open positions in crypto futures has surpassed $1 billion. Meanwhile, DOGE whale transactions have also increased. After miner reserves hit a three-year low, maintaining the price at $0.8 for a long time, whales are now becoming active again. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-331544 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-balina-islemleri.png" alt="" width="2250" height="768"> 
IntoTheBlock commented on the recent whale activity, writing; 
<blockquote> 
 “This is not just a significant increase, but also points to the highest number of Dogecoin millionaire transactions since the DOGE peak in May 2021!” 
</blockquote> 
The increase in whale activity is positively correlated with the price rise. If the recovery continues, we could see new highs beyond $0.18 in the coming days. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-retraces-after-peak-dogecoin-remains-strong/" data-wpel-link="internal">Bitcoin Retraces After Peak, Dogecoin Remains Strong</a></h5>

Bitcoin Retraces After Peak, Dogecoin Remains Strong

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