Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Crypto – European Wrap 6 December – FXStreet

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FXStreet Team

FXStreet Team
FXStreet

The Bitcoin-based BRC-20 meme coin, which had people confused as being an actual valuable token, is now slowly creeping up to that status. ORDI price rise over the past couple of days has been astonishing, and with BTC driving the price and crossing $44,000, ORDI is also gaining rapidly. But not for long.
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Dogecoin (DOGE) price has sustained the bullish outlook since October 18, when the broader market turned green, leading meme coins in an uptrend, which is no mean feat. The 65% climb has ushered the dog-themed cryptocurrency to its tenth birthday since its official launch on December 6, 2013.
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The crypto market made another leap forward on Tuesday afternoon after spending less than 24 hours in consolidation mode. In the last day, the total crypto cap reached $1.6 trillion, up 3.9% in a day, 11% in a week and 20% in 30 days. The acceleration in recent days is evident, which may reflect both speculators hastily closing short positions and increasing FOMO.

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Coinbase holds about $114 billion worth of assets under its management, which is slightly lower than the total value locked in the DeFi market, coming up at about $117 billion. However, when comparing the quarterly performance, Coinbase leaps ahead.
MakerDAO has always maintained a strong footing in the Decentralized Finance (DeFi) space for the longest time. The protocol also has a substantial dominance in the crypto market thanks to its native token MKR and stablecoin DAI. 
Bitcoin is heading into one of the most important years in its history as two major events are expected to skyrocket the digital asset. Ahead of the same, crypto market intelligence data provider Messari has provided its take on what 2024 can bring for Bitcoin and by the looks of it, Inscriptions might lead the year.
Spot Bitcoin exchange-traded funds (ETFs) filers need to submit their amended BTC ETF filings for approval by December 29, with the US SEC mentioning that if the filings have "in-kind" (crypto redemptions) in their filings, it will be rejected. Just when experts were about to give up hope, Ark 21Shares submitted its fifth amendment.
Bitcoin (BTC) price has been bullish in 2023, scaling up as it tried to plough back the ground lost following the Terra (UST) and FTX crashes of the preceding year. The trajectory took shape in spite of it being an eventful year, with BTC riding the wave of macroeconomic as well as industry-related developments.
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