Summary
TLDR: Bitcoin and Ethereum remain flat, while Dogecoin sees a resurgence. Bitcoin testing resistance at $71,000 zone. Ethereum still influenced by bearish correction. Bitcoin Cash and meme coins like Dogecoin, BONK, and Floki Inu see major gains. KuCoin’s KCS token and MakerDAO’s MKR token also performing well.
Key Points
1. Bitcoin and Ethereum have remained largely flat, with Bitcoin testing a resistance barrier at $71,000.
2. The Squeeze Momentum Indicator suggests a possible switch in the trend for Bitcoin, indicating a correction in the upcoming days if prices fail to break past $71,500.
3. Dogecoin has surged, surpassing $0.20 for the first time since 2021, while other smaller coins like Bitcoin Cash have experienced major gains in the last 24 hours.