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April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-pulls-back-from-highs-as-dogecoin-clings-to-strength" rel="noopener noreferrer nofollow">Bitcoin Pulls Back from Highs as Dogecoin Clings to Strength</a><br></p>
<p style="text-align: justify">The cryptocurrency market is displaying a mix of trends with <a href="https://en.bitcoinhaber.net/spotlight-on-bitcoin-etfs-a-market-stirring-success" rel="noopener noreferrer nofollow">Bitcoin</a> retracting from its $68,000 peak down to the $65,000 territory, while <a href="https://en.bitcoinhaber.net/dogecoin-maintains-lead-in-social-buzz-while-eyeing-market-recovery" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE) holds steady at an encouraging $0.15 level. The resilience of Dogecoin contrasts with the overall altcoin market, which has seen significant fluctuations. Investor sentiment appears buoyed by Bitcoin’s recent surge, but cautiousness prevails in the short-term.</p>
<h2 id="doge-s-remarkable-climb-and-coinbase-s-influence">DOGE’s Remarkable Climb and Coinbase’s Influence</h2>
<p style="text-align: justify">Dogecoin, which had been stable at $0.08 for an extended period, has seen a notable increase in value. Part of this surge can be attributed to <a href="https://en.bitcoinhaber.net/okx-officially-launches-crypto-exchange-and-web3-wallet-platform-in-brazil" rel="noopener noreferrer nofollow">Coinbase</a>‘s consideration of introducing futures for Dogecoin, alongside Litecoin and Bitcoin Cash. A letter from Coinbase Derivatives to the Commodity Futures Trading Commission (CFTC) on March 7 reveals intentions to launch a DOGE futures contract. The exchange intends to list this contract under a regulation that allows for self-certification, thereby bypassing formal CFTC approval.</p>
<h2 id="anticipations-for-doge-futures-and-market-movements">Anticipations for DOGE Futures and Market Movements</h2>
<p style="text-align: justify">Coinbase’s proposed April 1st rollout for DOGE futures has the market’s attention, as the lack of objection from the CFTC would classify DOGE as a commodity, possibly shielding it from Securities and Exchange Commission (SEC) scrutiny. The crypto-friendly stance of the CFTC could foster a significant price boost for DOGE over the next few days. In anticipation of this, open positions in crypto futures have exceeded $1 billion, with a marked uptick in transactions from DOGE whales. Mining reserves have plunged to a three-year low, signaling increased activity from large holders. This heightened whale activity has historically correlated with price increases, hinting at potential new highs for DOGE.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-pulls-back-from-highs-as-dogecoin-clings-to-strength" rel="noopener noreferrer nofollow">Bitcoin Pulls Back from Highs as Dogecoin Clings to Strength</a></h5>

Bitcoin Pulls Back from Highs as Dogecoin Clings to Strength

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