Dogecoin Trades Flat Despite AMC News

Benzinga
Benzinga
  • 3 years ago
Dogecoin was not exhibiting much movement on Friday even as the global crypto market rose just under a fifth of a percent to $2.84 trillion. Bitcoin and Ethereum were (as previously reported) cooling off, with $64 million in long positions liquidated in around 2 hours. Analysts expected that Dogecoin would gain ground as AMC Entertainment Holdings—owner of the ubiquitous chain of movie theaters—announced that it now accepts Bitcoin, Ethereum, Bitcoin Cash, and Litecoin payments. AMC ($AMC@US) CEO Adam Aron tweeted the announcement on Thursday, but he added that DOGE was next. Despite the news, DOGE didn’t skyrocket as expected. Binance halted DOGE withdrawals after noting a “minor issue” with the system. At press time, Dogecoin was trading at $0.2566, down from a 24-hour high of 27 cents.

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