DOGECOIN (DOGE) BREAKING NEWS TODAY
Woo, hey everyone! This is Darl from Daily Crypto Trades, coming to you live from Asia. Guys, it’s a great time to be alive! We’re going to be talking about a huge 74% pump for Dogecoin that could be happening and a huge, freaking Apple Dogecoin payment integration. This could be interesting! Apple has just done something amazing. Could this be the future of something big on the horizon for Bitcoin, crypto, and Dogecoin? So buckle up and let’s get into the content without any further delay. Don’t forget to smash the likes like crazy, show some love out there, and remember, this is not financial advice.
So, what’s going on? We did see that the US markets yesterday did pretty, pretty good. Stocks closed higher, with the S&P and NASDAQ notching a six-day winning streak. We saw the Dow Jones was up 1.39%, the S&P was up, and the NASDAQ is up 2.34%. But what is happening with crypto? Crypto is still down, down, down. We’re going to talk about that and tell you why it is down. Good news: it looks like 74% out there are looking at a rate decline. The rate should be reduced probably by the 18th of September, so that is pretty good. We’re looking at about a 25 basis point reduction in rates, so that is going to be good.
Crypto bubble-wise, it’s basically a pretty red day out there. If we take a look on the hourly, it’s also red. On the weekly, it’s a mixed bag. Monthly, down. But yearly, we’re doing pretty good. Look at Bonk; it’s up 6,000% in one year, guys! If you had bought a bank, you would not be getting bonked on the head—you would be doing pretty good. Look at Floki, the big comeback kid, up 525% year-to-date, so that is good, good, good news out there.
If you take a look at the heat map, we’re seeing right now—if this freaking thing will load—guys, don’t forget to smash like, show some freaking love out there, I appreciate it. Fear and greed right now for Bitcoin is still going down, a lot of that has to do with sentiment. Don’t forget, we’re going to have a big futures CME contract gap coming for Bitcoin, so if that gap gets filled, people are thinking that Bitcoin will go down even further. Get ready, it could be a pretty gnarly, nasty weekend, guys.
Let me give this some minty refresh out there. Let’s see if the heat map is in right now. Let me just expand that right there—technical difficulties, OG. So we’re seeing that, yeah, BTC is down, everything is in the red. Don’t forget, we’ve got the CME gap that’s going to get filled on Friday. That will probably bring Bitcoin down to about $55,000, so get ready for that, guys. Maybe a good time to take a short position—I’m not telling you what to do. Don’t forget to smash the like and subscribe; it only takes a freaking second, guys. And get ready, because in September things are going to go crazy, Party City, guys. Bitcoin is down 2.76%, Ethereum is down, BNB is down, Solana is down, XRP is down, Toncoin is down.
Now, I’m not happy with this whole Doge-Toncoin thing—it looks like we’ve had the Tom and Jerry cat-and-mouse thing going for a very, very long time. Doge army, if you’re watching, I need you out there to freaking hold the phone, stop selling, stop whining out there. Doge right now basically has some support right here at 0.56636. I anticipate probably this weekend we’re going to slip below that, and I think we’re probably going to retest this area around 0.54446 because that was kind of a light support zone for Bitcoin earlier. So I think we’re probably technically going to see that happen right there as kind of an interim support zone. Let’s see, let’s see out there.
But I also want to show you that we’ve got about 39 to 40 days left of this consolidation, this craziness, before Bitcoin has a huge explosion, guys. Ethereum is not doing so good, it’s breaking down, but we seem to have some support around this area here—right here seems to be a nice support line. Let me just draw that in, so let’s keep an eye on this for the next couple of weeks and see if this continues to act as support right here, guys. So, we’ve got some support right there—let’s see, let’s see.
So, what’s happening in crypto today? Well, let’s round up. It looks like public miners have raised $2.2 billion in Q2 and Q3 so far. A lot of analysts predicted that the 2024 halving event might cause some friction for miners as rewards decrease, and their premonitions seem to be coming true. According to data from Block Bridge Consulting, nine of 13 listed US mining firms have turned to debt financing, so that’s not looking good. Also, big Bitcoin sell pressure may break $56k—we’ve seen that support as options expiry looms. Remember, we’ve got the upcoming crypto options expiry, which is threatening to add a significant amount of Bitcoin pressure. You know, one of the reasons that altcoins are not doing too good right now is because of a lot of Bitcoin volatility. Over $1.4 billion worth of Bitcoin options are set to expire on August 16th at 8 a.m., according to Deribit. This sets Bitcoin’s max pain point to around $60k, which indicates the price at which most option contracts will expire and be worthless. However, according to CoinTelegraph data, Bitcoin fell over 3.6% during the past 24 hours to trade at $58.1k—we’re lower than that right now. So get ready, looks like Chuck Schumer pledges pro-crypto laws, so it seems that everybody’s jumping on the crypto bandwagon out there, so that is pretty good.
Now, let’s take a look at Bitcoin post-halving history. In 2016, we consolidated for 170 days before breakout, guys. In 2020, we consolidated for 168 days before breakout, and right now, we’ve been consolidating for about 129 days. So, if history repeats, we could be consolidating for about 35 to 40 days and expect a big freaking breakout, guys. So, like I said, that could be late September or early November—something big is going to happen. You can see here that the balance on exchanges is going down, which is pretty good. We’re seeing that more institutions are buying Bitcoin like crazy. Just in: Financial polls say institutional demand is continuing to grow for spot Bitcoin ETFs—wow! So far, the returns for Bitcoin this month of August are not good—we’re down 11%, guys. Just in: positive news—Norwegian Central Bank bought 1,123,000 shares of MicroStrategy. That is good, very good.
So guys, here it is—breaking news: Apple opens iPhone payment chip to third parties for the first time, making Bitcoin and crypto tap-to-pay possible. If that happens, we could definitely see Bitcoin, Dogecoin, and a lot of cryptos out there being able to use tap-to-pay, guys. This is very interesting—if we get Dogecoin as a payment option on Apple Pay, and remember Dogecoin is designed to be a fast and cost-effective payment option, this could be something huge for Doge, guys—something huge for Doge. We’re seeing so far the daily net ETF flow for Bitcoin is positive—171 Bitcoins have been bought as part of the spot ETF. Did you know that crypto adoption is growing faster than internet adoption? It’s not too early—load the freak up, guys. Don’t forget to smash like, subscribe, and buy Bitcoin. Bitcoin is heading to a descending resistance. The direction of support and resistance indicates a bear or bull market. The Bitcoin bull run has not ended yet, we haven’t even just started—we’re still consolidating. 35 to 40 days later, we should see a big pumpy-pump for Bitcoin, guys, it’s going to happen. Bitcoin above $66,000 by September—historically, the fourth month after the halving has always been bullish for Bitcoin, so hopefully, it happens, guys. This coincides with what I’ve said—35 to 40 days, we could see a huge pump, guys. And we’ve seen this here—bullish, bullish, bullish—typically, by the fourth month after halving, things get great. Guys, don’t forget to go down and check out my links. Be safe, be wise—if you don’t own the keys, you don’t own the crypto. Get a Ledger—the linky winkies are down there. Guys, did you smash the like? Smash the freaking likes out there.
Let’s talk about Dogecoin for a second—what’s going on with Doge right now? Doge has just been consolidating at 0.0997, so we have broken down below 10 cents—that is kind of a negative psychological area, that is not good. Our next resistance, our next support level for Doge, is around this area here, which is around 9.5 cents, guys. So I’m confident that that’s going to be a nice support level for Doge. Right now, we’re seeing that the total meme coin market cap is around $39 billion, and that’s down, guys, that’s absolutely down. What else for Dogecoin? Let me give this a refresh as we see it’s below 9 cents—9 cents below 10 cents out there. But we’re still seeing that
Dogecoin is still one of the top favorite coins out there. You see Dogecoin here, and let’s see if we can give this a minty refresh right now.
Let’s talk about the positive news. Let’s talk about Apple. So, breaking news: Apple is opening its iPhone payment chip to third parties. This could make it possible for Bitcoin and crypto tap-to-pay—could we see Dogecoin as a payment option on Apple Pay? If that happens, holy moly, we could see a 74% rise for Dogecoin soon, maybe even higher. But remember, what happened yesterday, guys—Dogecoin was up, but it came down. People saw profits, they took profits. Dogecoin was up almost 10%, but it came down to about 2%, so that’s what happened out there. People are still impatient with Dogecoin, but a big pump is coming for Doge. I still think by the end of 2021, we could still see a dollar for Doge. Also, don’t forget, we’re going to have a correction for Bitcoin soon. Historically, September has been kind of nasty, nasty. So get ready for that—absolute, absolute huge, huge news.
So guys, don’t forget to smash like, subscribe, and check out my links. Check out my Nano Ledger affiliate links down below, guys. And don’t forget to watch out for those nasty scammers out there who impersonate me in the comments section. Watch out for the scammers, be absolutely careful, be wise, and be safe, guys. And don’t forget to watch all of my content out there—it’s a great time to be alive, so I’ll see you in the next one. Woo, let’s get it!
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