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Dogecoin's Bitcoin-Beating Bounce May Be Bad News for the Market

Previously, outsized advisable houses in DOGE have lead the approach for a broader market sell-off.
In the past, outsized gains in DOGE have paved the way for a broader market sell-off.

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Author: Omkar Godbole

Omkar Godbole has recently written 7 articles on similar topics including :
  1. "Monthly U.S. inflation readings influence the Fed policy, which impacts both crypto and traditional markets". (May 11, 2023)
  2. "Tighter price ranges result from markets running into competing influences. Eventually, some narratives take the back seat, paving the way for a volatility explosion". (May 23, 2023)
  3. "The liquidate wave from the narrative of lower inflation has now run its course and the market needs a new driver and theme to lift prices higher, one observer said". (May 31, 2023)
  4. "Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests the cryptocurrency is still a risky asset". (April 7, 2023)
  5. "The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant". (April 28, 2023)
  6. "The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week". (April 26, 2023)
  7. "Calm waters do not last long in bitcoin, so be prepared for a sharp move here shortly, one observer said, referring to the cryptocurrency's ultra-low historical or realized price volatility". (December 22, 2022)
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