Crypto Blog
Dogecoin’s price has shown a positive correlation with Bitcoin, especially during major events related to Bitcoin ETF applications.
Recent patterns indicate Dogecoin’s price may respond to future developments in the spot Bitcoin ETF situation, though past performance doesn’t guarantee future results. If and when the Securities and Exchange Commission finally approves a spot price ETF for the world’s oldest and most trusted cryptocurrency, there’s a reasonable chance Dogecoin price might rally along with Bitcoin.“Investors are growing bullish about the prospects of BlackRock and other major institutional names getting involved in digital assets.”“The slate of spot bitcoin ETF application announcements by larger institutions has definitely brought back bullishness into the crypto markets.
Three days later, when the SEC pushed back the date to clarify its explanation about Grayscale’s Bitcoin ETF application, BTC and DOGE prices both fell in tandem right back to their previous levels.
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