Cryptocurrencies market sentiments are weak today with Bitcoin falling below $110k, pressured by sell-off on Wall Street, where technology stocks lead the decline. Not only Bitcoin, but other crypto also loses. For example, despite Gucci luxury house announcing accepting payments in Dogecoin (DOGE) at select stores in the United States, the price of the token is falling more than 3% today, as broader crypto sentiments weaken. Technically Dogecoin price fell below EMA200 (the red line) and EMA50 (the orange line) signalling possible trend reversal if bearish pressure persist.
Source: xStation5
Daily summary: Indices and crypto decline amid rising oil prices ๐ฉ Gold and the US dollar move higher
Oil surges 11% amid escalating Middle-East conflict ๐VIX gains driven by fear on Wall Street
Bitcoin loses the momentum again ๐Ethereum slides 5%
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