Chain News by Thebittimes.Com

Dogecoin rose by as much as 17% on Thursday, as Tesla CEO Elon Musk moved closer to completing a takeover of Twitter. Musk has been a public supporter of the meme coin in recent years, with some suggesting that it could be added as a payment method on the social media platform. Cosmos also traded higher, climbing by 8% today. Dogecoin (DOGE) Dogecoin (DOGE) was once again in the green on Thursday, as the token rose by as much as 17% in today’s session. The surge in price comes as long-term supporter of the meme coin Elon Musk moved closer to completing his takeover of Twitter. In a statement released earlier today, Musk stated that “The reason I acquired Twitter is because it is important for the future of civilization.” DOGE/USD – Daily Chart DOGE/USD raced to an intraday peak of $0.08028 on the news, which comes a day after trading at a low of $0.0668. The meme coin is now trading at its highest point since August 17, with the relative strength index...

Bitcoin was trading lower in today’s session, after failing to break out of a key resistance level of $19,600. Bullish sentiment seemed to have returned to the market on Monday, however this momentum was short lived. Ethereum also fell in today’s session, but remained above its recent price ceiling. Bitcoin Bitcoin (BTC) moved lower on Tuesday, as bears returned to action following a failed breakout of a key resistance point. BTC/USD slipped to an intraday low of $19,206.32 earlier in today’s session, moving away from Monday’s peak of $19,698. Yesterday’s move saw the token briefly move past its ceiling of $19,600, however, after failing to maintain momentum, bulls vacated their positions. BTC/USD – Daily Chart As a result of today’s drop, the 14-day relative strength index (RSI) fell to a floor of 47.50, which is its weakest point since Saturday. Currently the index has rejected a move below this mark, and is tracking at 48.54, ...