Chain News Daily Official TheBitTimes.com

Although the majority of the cryptocurrency market seems to be in a bit of a pinch lately, Dogecoin (DOGE) is fighting to overcome the setback by having a successful cross ing of its first-ever moving average convergence divergence (MACD) golden cross . Indeed, as the renowned pseudonymous crypto trading expert Trader Tardigrade observed, the famous dog-themed meme crypto asset “is having the first ever MACD Golden Cross,” according to his chart pattern analysis published in an X post on January 21. Dogecoin MACD golden cross. Source: Trader Tardigrade Specifically, a golden cross – the opposite of a death cross – is a chart pattern suggesting a major long-term bull market. At the same time, MACD, a popular technical Analysis (TA) momentum indicator, cross ing the signal line from under it and going over – i.e., making the golden cross – is reinforcing the buy signal. DOGE price analysis Meanwhile, Dogecoin was at press time changing hands at the pri...

Marathon Digital (NASDAQ: MARA) stock price continued plunging this week as  Bitcoin resumed its sell-off. The shares crashed to a low of $7.85 on Thursday even as American stock s continued retreating. It has dropped by more than 60% from the highest level in September. The key driver for Marathon stock price is Bitcoin’s price action. The same applies for other  Bitcoin mining companies like Riot Platform and BitDigital (BTBT). These stocks jump when BTC is in an uptrend and vice versa. This happens because these companies make money mining and selling Bitcoin in the open market.  It also happens because these firms hold substantial Bitcoin in their balance sheet. Therefore, MARA stock price has plunged as Bitcoin has remained in a consolidation phase in the past few months. It jumped to above $28,000 earlier this month and then retreated sharply to about $26,000. The ongoing Bitcoin sell-off should not worry investors since it is in t...