Analysis Crypto by Thebittimes.Com

The Dogwifhat price surged over 19% in the last 24 hours to trade at $3.69 as of 2:30 a.m. EST as investors bet big on the Solana meme coin. WIF was also able to set a new all-time high at $4.01 in the last 24 hours, and overtook Pepe in terms of market cap. Dogwifhat is currently the third largest meme coin by capitalization.  Largest meme coins by market cap (Source: CoinMarketCap ) The Dogwifhat Price Breaks Above Major Resistance 4-hour chart for WIF/USDT (Source: TradingView ) The Dogwifhat price formed a positive price channel after it printed a series of higher highs and higher lows. This bullish momentum enabled the meme coin to not only overcome the $2.7730 barrier, but to also rise above the $3.4157 resistance level.  Traders have started taking profit as WIF trades at the upper boundary of the ascending price channel. Should sellers continue to exert pressure on the crypto, it may be at risk of retesting the recently-breached $3.4157 mark. This is a key leve...

The U.S. fintech broker Robinhood is poised to roll out European crypto offerings despite missing Q3 revenue estimates. Robinhood plans to launch its crypto services in the European region and U.K. brokerage “in the coming weeks” as the Menlo Park-headquartered stock trading company seeks new options to boost its revenue. In a press release on its financial results for Q3 2023, Robinhood revealed that crypto-related revenue decreased 55% to $23 million. And yet, the U.S.-based trading company still wants to double down on Europe with its crypto offerings as “another step in global expansion.” However, Robinhood did not specify on what scale it plans to offer crypto products in the European Union. You might also like: Robinhood identified as the third biggest Bitcoin whale with $3b wallet Crypto was not the only direction where Robinhood suffered losses. In total, transaction-based revenues decreased 11% year-over-year (YoY) to $185 million, th...