Crypto Watch: Bitcoin, Dogecoin Enjoy Weekend Momentum As Ethereum Looks To Confirm New Trend
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Published by
Benzinga
Benzinga
Bitcoin (CRYPTO: BTC) was popping up about 3% higher during Friday’s 24-hour trading session, in tandem with the general market, which saw the S&P 500 rising about 0.4% higher after Personal Consumption Expenditure (PCE) price index data showed inflation is continuing to slow. Ethereum (CRYPTO: ETH) was spiking up nearly 2% higher, while Dogecoin (CRYPTO: DOGE) traded muted after spiking 3.67% on Thursday, when Bitcoin and Dogecoin consolidated. While some have argued the crypto sector is a hedge for inflation, like gold is often believed to be, Bitcoin, Ethereum and gold have largely traded h…