Dogecoin’s Bull Run, Bitcoin (BTC) Uncertainty Around $70K, Dogwifhat (WIF) Rally: Bits Recap April 1

TL; DR

Bitcoin (BTC) is hovering around the $70K mark amid minor volatility, bullish predictions and the upcoming halving event, which suggests that it might happen. Dogecoin (DOGE) experienced a significant price increase last week, breaching the $0.22 mark for the first time since November 2021, with analysts predicting further increases. DogwhipHat (YFF) has seen significant growth, reaching new highs and becoming the third largest meme coin by market cap.

The calm before the storm for BTC?

The major cryptocurrency had not experienced any price fluctuations in the past seven days, and bulls were unsure of the $70k, which was eventually lost. However, there were some brief movements in the north and south directions.

The property's value topped $71,000 early last week, not long after Robert Michnick — BlackRock's head of digital assets — It is described BTC as a good portfolio allocator. A minor correction on March 27 sent Bitcoin down to $68,500 before rallying above $71,500 the next day.

By the end of the week, the price had strengthened to $70,000, but the beginning of this week provided another level of volatility. BTC is currently worth approximately $69,500 (per CoinGecko data).

The crypto community, however, remains largely bullish, believing a significant resurgence is on the horizon. The BTC halving, which is scheduled to take place in 20 days, is one factor that supports that thesis.

The event occurs every four years and reduces the reward for miners by confirming new blocks on the blockchain. It has historically been a precursor to a bull run for the entire cryptocurrency market.

If you're willing to see more elements that indicate that the BTC rally has just begun, feel free to check out our curated video below.

DOGE steals the show

Unlike BTC, Dogecoin (DOGE) saw a significant price pump last week. On March 28, the price briefly exceeded $0.22 for the first time since November 2021 and is currently hovering around the $0.21 mark. The market capitalization of the largest meme coin has exceeded the level of 30 billion dollars, increasing its dominance over its biggest rival – Shiba Inu (SHIB).

Some prominent analysts think that DOGE's rally will end nowhere, with new highs expected in the coming months. X user Rect Capital argues that Dogecoin has ended the “macro fall” and started a new “macro rise”: it could fuel the rally to $0.30.

The analyst also predicted a bright future for SHIB, suggesting that the stock could reach a new all-time high if the price overcomes the top resistance level of 0.000033285.

WIF has no limits

Another meme coin that has made headlines due to its price rally is Solana-based DogwhipHat (YFF). as a Cryptopotato reportedIt rose above $4 on March 29, reaching a market cap of $4 billion and surpassing PEPE to become the third largest cryptocurrency in the realm.

The resurgence didn't stop there, on March 31 WIF climbed to another high of $4.80 and recovered slightly in the following hours, currently trading around $4.40.

Considering that it only saw the light of day late last year, WIF's success is quite impressive. In the next few months, it gained the support of major crypto exchanges BinanceKraken, Coinbase and more.

It has also caught the eye of prominent industry participants, including BitMEX co-founder Arthur Hayes. Supported The property.