For the second day in a row, the downtrend in the cryptocurrency market can be attributed to the Federal Reserve’s hawkish stance. At the time of writing, the total value of all cryptocurrencies on the market had dropped by 1.43 percent, representing a loss of hundreds of millions of dollars. Withdrawals from some cryptocurrencies, including Dogecoin (DOGE) and Shiba Inu (SHIB), have recently increased.
Despite the fact that Dogecoin (DOGE) has been on an upward trend in the past few hours of this writing, its price has dropped 16% in the past week and 6.11% in the past 24 hours. As we head into the weekend, the selling pressure on Dogecoin may ease.
Additionally, Shiba Inu (SHIB) bears have been waning in strength as of this writing; however, SHIB has remained in the red for the past few days. Compared to Dogecoin, the 7.6 percent drop in Shiba Inu (SHIB) price over the past week is less severe. The Shiba Inu (SHIB) bull market has been improving, but recent results show a 3.2% drop in value.
Bitgert (BRISE) Is Durable
As Dogecoin (DOGE) and Shiba Inu (SHIB) have fallen in value, Bitgert (BRISE) has been holding its own. Bitgert is one of the coins that has maintained its value despite the bearish market, suggesting it may still have a good weekend.
Bitgert’s market performance over the past 14 days suggests that this coin is doing quite well. Even more specifically, December market data shows that Bitgert has been one of the best-performing coins. One coin that has been in the green over the past 30 days is Bitgert, which has seen a 10% increase over the past 14 days.
New products have helped the Bitgert ecosystem grow. The price of Bitgert has exploded this month on the back of developments like the Bitgert exchange and Paybrise. Due to rising demand, Bitgert could experience a bull run in the coming days.
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