Global #Bullish

The cryptocurrency market experienced a significant sell-off following the release of unexpected U.S. employment data, showing a substantial increase in new jobs in May. This unexpected figure, far exceeding predictions, sparked concerns about potential interest rate hikes and a subsequent strengthening of the U.S. dollar.

Dogecoin (DOGE) whales have been actively increasing their holdings of the popular meme cryptocurrency in recent days, accumulating over 1 billion DOGE, equivalent to $157 million, within a week.

Despite XRP's mixed performance in recent years, it still maintains a significant following in the altcoin community. While long-term expectations for XRP have varied between bullish and bearish sentiments, short-term predictions from CoinCodex's machine learning algorithm suggest a level of bullishness.

Renowned cryptocurrency analyst and trader Crypto Jelle has provided observations on the price movements of Bitcoin, the leading digital asset, highlighting the emergence of a robust bullish flag pattern.

In the final days of May, Bitcoin (BTC) has kept investors and traders on edge. After reaching a new all-time high of nearly $73,000 in March, it subsequently fell sharply, dipping below $57,000 at one point. Recently, Bitcoin seemed ready to aim for new records again.

The recent surge in Dogecoin's (DOGE) price suggests a potential for gains as it indicates a recovery trend. Historically, instances of short liquidations within the past 24 hours have often been succeeded by price increases, and this pattern could repeat itself this time.