Biggest Crypto Gainers Today on DEXTools – BDOGE, BOLT, NGL
Blue chip cryptocurrencies are mixed, with Bitcoin (BTC) flat just above $27,500 and Ether (ETH) about 1% lower, having recently slipped under $1,650.
Traders are still monitoring the broader macro picture after strong US data on Monday and Tuesday pertaining to the manufacturing sector and labor market sent long-dated US yields to fresh multi-decade highs.
That spike in yields, which saw the US 10-year hit its highest since 2007 near 4.9%, has largely put a halt to what had been a promising start to the month for Bitcoin, which briefly rallied as high as the $28,600s on Monday.
However, Bitcoin remains up on the month, with the latest US jobs data from payroll firm ADP showing monthly private sector job gains at their weakest since 2020, muddying the picture regarding the health of the US labor market slightly.
Friday’s official jobs report will clarify things, but if it also shows job gains at their weakest since 2020, that would probably underpin cryptocurrencies like Bitcoin, as it would probably trigger a reversal lower in yields.
Ahead of Friday’s data, things are set to be quiet in broader macro and crypto markets.
That means traders will continue turning to the shitcoin/meme coin market in the hunt for volatility and short-term gains.
Here are some of the top-performing low-cap coins as per DEXTools.
A new Dogecoin copycat shitcoin called Big DOGE ($BDOGE) that launched on Tuesday has seen a solid pump in the last two days.
As per DEXTools, it was last up more than 400% in the last 24 hours, making it the best-performing shitcoin.
Its market cap was last just below $400,000, with around $100,000 in liquidity, around 350 holders and 24 hour trading volumes of $1.8 million.
The token’s contract only has one alert, as per
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