Twitter influenced DogeCoin! Expected to come at this level
Cryptos started the week on the move. In the week when the macro agenda is calm, sector news has an impact on cryptocurrencies. The news about Binance CEO CZ on social media and Elon Musk's replacement of Twitter's logo with DogeCoin were the most talked about topics on Monday.
With the effect of the news that Binance CEO CZ was sought by Interpol, which spread on social media yesterday, Bitcoin retreated to $ 27,200. CZ, who made a statement about the news affecting cryptocurrencies, denied the news and gave a message to investors who sell fear, “It is not possible to get rich with panic sales made with fear”, and Bitcoin started the new day at $ 28,080 with a rapid recovery. Ethereum is also finding buyers at $1,820 levels.
In addition, a 37% increase was observed in Doge Coin yesterday, with Elon Musk replacing the twitter logo with the Doge Coin symbol.
Twitter effect on Dogecoin
Due to the calm macro agenda at the beginning of the week, the main activity in the crypto market was caused by news feeds. Looking at the crypto market in the morning today, we can say that Bitcoin and Ethereum started the day with recovery, and altcoins followed the major coins. The total value of the crypto market is moving around $1.14 trillion, with minor recovery. Bitcoin's dominance is 47.4%, while Ethereum's dominance is 19.1%. While DOGE is in the first place today, SXP, IOTX and ZRX stand out as the most rising crypto money in Bitay with double-digit gains.
Although there is no important data on the macro agenda today, we expect news flows in the internal dynamics of the crypto market to continue to dominate.
