Cryptocurrencies Price Prediction: Dogecoin, Arbitrum & Bitcoin — Asian Wrap 06 December – FXStreet

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FXStreet Team

FXStreet Team
FXStreet

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.
DOGEUSDT 2023 12 06 01 29 22 638374137376132222 638374302226117997
Arbitrum’s price surpassed expectations as the altcoin managed to restrict the fluctuation over the past 24 hours. This is because ARB was forecasted to rally following the result of the proposal to essentially hard-fork the chain.
DmljUbAt 638374227779733121 638374302287193323
Bitcoin (BTC) price has revisited levels last seen in April 2022, prior to the collapse of the Terra UST ecosystem. Its foray above the $42,000 psychological level has market watchers enthused, so much so that there are now hyped-up predictions about further gains.
BTCUSDT 2023 12 05 21 42 59 638374110274410083 638374302341604035

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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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