Bitcoin (BTC) recovers and pulls market; Dogecoin (DOGE) drops with end of Elon Musk effect

Charlie Taylor

Bitcoin (BTC) dawned on this Wednesday (15) showing a consistent recovery. According to data from Coinmarketcap, the currency appreciation is around 2.5% and 3% in the last 24 hours and is quoted at US$ 48,392. According to the Bitcoin Portal Index, in Brazilian currency the BTC is quoted at R$ 277,006. The recovery has started […]

Post Bitcoin (BTC) recovers and pulls market; Dogecoin (DOGE) drops with end of effect Elon Musk first appeared in Bitcoin Portal .

Bitcoin (BTC) dawned on this Wednesday (15) showing a consistent recovery. According to data from Coinmarketcap , the currency appreciation is around 2.5% and 3% in the last 24 hours and is quoted at US$ 48,392.

According to the Bitcoin Portal Index , in Brazilian currency the BTC is quoted at R$ 277,006.

Recovery began on Tuesday afternoon (14). According to the analyst criptomoedas and trader Marcel Pechman the news that inflation in the US retail is higher than previously thought made the market migrate a bit to the Bitcoin (traditionally considered an asset as inflation protection). The analysis was done on their Youtube channel, RadarBTC Bitcoin & Cryptocurrencies .

However, for Coindesk , the good moment may be short-lived. The indication is that the volume transacted in BTC remains low.

According to the American portal, the Federal Reserve (FED), the Central Bank of the United States may take decisions to contain inflation such as rising interest rates that could negatively affect Bitcoin.

Ethereum still under $4,000

Bitcoin's good time, as is common, takes other cryptocurrencies with it. Ethereum (ETH) is up just over 2% and sells for $3,886.

But even at its maximum price for the period, the token of the network created by Vitalik Buterin did not come close to the US$ 4,000 barrier.

In Brazil, according to the Bitcoin Portal Index , Ethereum is quoted at R$22,144.

Dogecoin falls like it rose

The effects of the tweet of businessman Elon Musk , CEO of Tesla, seem to have passed. The Dogecoin (DOGE) registers a drop of 8% and that in many moments approaches the double digits.

The dog meme coin sells for $0.18

Avalanche roller coaster

The only constant of Avalanche (AVAX) seems to be lack of constancy. The roller coaster continues and on Wednesday (15) the moment is high.

The token has appreciated 16% and in the 24-hour period it has had a low of $78.54 and a high of $92.15 – it is currently sold just below the historical price top.

Altcoins on light high

The market follows a slight upward trend, with all major currencies appreciating: 7.63% for Solana (SOL), 1.5% for Cardano (ADA), 1% for XRP, 0.69% for Polkadot, 2, 5% for Terra (LUNA) and 0.94% for Shiba Inu (SHIB).

Watch Pechman's video:

Post Bitcoin (BTC) recovers and pulls market; Dogecoin (DOGE) drops with end of effect Elon Musk first appeared in Bitcoin Portal .

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