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Bitcoin, Ethereum, Dogecoin Stagnant Amid Dollar's Unnerving Rise — Analyst Tells Investors 'Just Survive This Month' And Then Things Will Be Fine

Published 07/09/2023, 03:51
Updated 07/09/2023, 05:10
Bitcoin, Ethereum, Dogecoin Stagnant Amid Dollar's Unnerving Rise — Analyst Tells Investors 'Just Survive This Month' And Then Things Will Be Fine
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Benzinga - by Shivdeep Dhaliwal, Benzinga Editor.

Bitcoin, Ethereum and Dogecoin were seen largely flat on Tuesday evening as the global cryptocurrency market cap inched up 0.4% to $1.04 trillion at the time of publishing.

Cryptocurrency Gains +/- Price (Recorded 10:28 p.m. EDT)
Bitcoin (CRYPTO: BTC) -0.12% $25,761.27
Ethereum (CRYPTO: ETH) +0.05% $1,635.75
Dogecoin (CRYPTO: DOGE) -0.93% $0.06

What Happened: The cryptocurrency news landscape on Tuesday was largely dominated by The Financial Accounting Standards Board (FASB) reaching a unanimous decision to endorse regulations for the accounting of fair values associated with companies’ cryptocurrency holdings. These regulations are scheduled to become effective in the year 2025.

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