Bitcoin, Ethereum, Dogecoin Surge Amid Trump Tariff Pause, Paul Atkins SEC Confirmation: Analyst Anticipates BTC’s Continued March To $87,000
Leading coins maintained positive momentum Wednesday overnight after pro-cryptocurrency Paul Atkins was confirmed as SEC Chairman.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | 7.60% | $82,319.38 |
| Ethereum (CRYPTO: ETH) |
11.98% | $1,645.63 |
| Dogecoin (CRYPTO: DOGE) | 10.69% | $0.1579 |
What Happened: Bitcoin soared beyond $82,000, while Ethereum topped $1,600, spurring gains in the broader market and erasing some losses from last week’s ‘Liberation Day’ measures.
Over $370 million in short positions was wiped out from the market in the last 24 hours, including $194 million in Bitcoin alone.
The dramatic reversal followed President Donald Trump’s surprise announcement of a 90-day pause on tariffs for countries that have not retaliated against U.S. trade measures.
Later in the day, the confirmation of Atkins as the new SEC chairman boosted sentiment. Atkins had previously stated that building a regulatory framework for digital assets would be his top priority.
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