Bitcoin, Ethereum, Dogecoin Spike Amid Risk-On Rebound


Major coins traded in the green on Sunday evening, as the global market cap rose 1.34% to $1.08 trillion, as of 8:30 p.m. EST.

What Happened: The largest cryptocurrency by market value Bitcoin BTC/USD traded above $23,000. Ethereum ETH/USD  was changing hands at $1,567, up 1.70% in the last 24 hours. Dogecoin DOGE/USD was up 0.47% in the last 24 hours, trading at $0.089.

Cryptocurrency Gains (+/-) Price
Bitcoin +1.20% $23,678
Ethereum +1.70% $1,639
Dogecoin +0.47% $0.089

U.S. equities closed higher on Friday. The Dow Jones Industrial Average was up 0.1%, the S&P 500 Index gained 0.3% and the Nasdaq Composite Index finished up 1%.

See More: Best Crypto Day Trading Strategies

This coming week, three major tech companies are set to release their earnings: Amazon AMZN, Apple Inc AAPL and Meta Platforms Inc META/USD will be closely watched to gauge whether the current job cuts are likely to stretch into 2023. Market analysts will be on the lookout for indications of any further cutbacks that…

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