The recent price action in Dogecoin left the tokens market capitalization at. The current CoinMarketCap ranking is 151, with a live market cap of 150,003,604 USD. The Dogecoin price is 0.06302, a change of -0.31 over the past 24 hours as of 2:24 p.m.
COIN WATCH MARKET CAP UPDATE
We update our LUNA to USD price in real-time. Those small percentage declines, while they seem small, are magnified when you consider Apple’s valuation and the weighted impact it’s going to have on other equities like Microsoft, the FANG (Facebook, Amazon, Netflix and Google) stocks, and even the broader stock market as a whole and even cryptocurrencies, from Bitcoin to your favorite altcoins.”īitcoin is trading for $25,890 at time of writing, down 1.6% in the last 24 hours. The live Terra price today is 0.408125 USD with a 24-hour trading volume of 17,635,992 USD. There’s a reason when Apple drops $200 billion in market cap we got to listen to that. If that plays out, you can easily see Bitcoin coming down here to new lows at around $10,000 to $12,000… If that scenario plays out, I’m not saying it’s a guarantee, but I think it’s a likely scenario.
And I got to tell you… that that will have a bigger impact on Bitcoin than any halving event, any Bitcoin ETF, any narrative you can think of. “We can’t live in some fantasy world where if Apple is contracting from a $3 trillion company to a $1.5 trillion company that that is not going to have some impacts on Bitcoin.
Apple reached a $3 trillion market cap in July but has declined to $2.79 trillion at time of writing. According to Merten, a plummeting Apple market cap will cause Bitcoin, as well as other equities, to collapse along with it.
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