{"id":25694,"date":"2025-05-08T02:21:33","date_gmt":"2025-05-08T02:21:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25694"},"modified":"2025-05-08T02:21:33","modified_gmt":"2025-05-08T02:21:33","slug":"bitcoin-taps-98000-ethereum-dogecoin-steady-as-fed-chair-jerome-powell-raises-trump-tariff-induced-concerns-analyst-says-eth-holding-above-crucial-level-and-begins-its-bounce-upwards","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25694","title":{"rendered":"Bitcoin Taps $98,000, Ethereum, Dogecoin Steady As Fed Chair Jerome Powell Raises Trump Tariff-Induced Concerns: Analyst Says ETH Holding Above &#8216;Crucial Level&#8217; And Begins Its &#8216;Bounce Upwards&#8217;"},"content":{"rendered":"<div>\n<p>Leading cryptocurrencies traded sideways on Wednesday, as the Federal Reserve <a href=\"https:\/\/www.benzinga.com\/government\/regulations\/25\/05\/45266366\/powell-flags-sharp-tariff-shock-elevated-uncertainty-fed-sticks-to-wait-and-see-mode\">warned of macroeconomic dangers<\/a> from President <strong>Donald Trump\u2019s<\/strong> tariff moves.<\/p>\n<p><figure class=\"wp-block-table\"><\/p>\n<table>\n<tbody>\n<tr>\n<td><strong>Cryptocurrency<\/strong><\/td>\n<td><strong>Gains +\/-<\/strong><\/td>\n<td><strong>Price (Recorded at 9:00 p.m. ET)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>)<\/td>\n<td>+0.53%<\/td>\n<td>$98,018.94<\/td>\n<\/tr>\n<tr>\n<td><strong>Ethereum<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>)<br \/><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n<td>-0.89%<\/td>\n<td>$1,830.59<\/td>\n<\/tr>\n<tr>\n<td><strong>Dogecoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/doge\/usd\">DOGE<\/a>)<strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n<td>-0.88%<\/td>\n<td>$0.1721<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p><strong>What Happened<\/strong>: <strong>Bitcoin <\/strong>encountered tough resistance in the mid-$97,000s throughout the day before breaking the barrier overnight and recovering $98,000 for the first time since Feb. 21.<\/p>\n<p>Bitcoin&#8217;s market dominance rose to a yearly high of 64.4%, signaling continued capital rotation from other assets to the apex cryptocurrency.<\/p>\n<p><strong>Ethereum<\/strong> recovered after falling to an intraday low of $1,788.69 in a turbulent trading session that saw volume soar up to 220%.<\/p>\n<p>Over $184 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish bets accounting for the majority.<\/p>\n<p>Bitcoin&#8217;s Open Interest dropped marginally by 0.78% in the last 24 hours. Interestingly, over 63% of the Bitcoin derivatives traders on <strong>Binance <\/strong>bet against the leading cryptocurrency.<\/p>\n<p>The &#8220;Greed&#8221; &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/25\/05\/45274508\/bitcoin-taps-98000-ethereum-dogecoin-steady-as-fed-chair-jerome-powell-raises-trump-tariff-i\" alt=\"Bitcoin\" taps ethereum dogecoin steady as fed chair jerome powell raises trump tariff-induced concerns: analyst says eth holding above level and begins its upwards>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leading cryptocurrencies traded sideways on Wednesday, as the Federal Reserve warned of macroeconomic dangers from President Donald Trump\u2019s tariff moves. Cryptocurrency Gains +\/- Price (Recorded at 9:00 p.m. ET) Bitcoin (CRYPTO: BTC) +0.53% $98,018.94 Ethereum (CRYPTO: ETH)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -0.89% $1,830.59 Dogecoin (CRYPTO: DOGE)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -0.88% $0.1721 What Happened: Bitcoin encountered tough resistance in the mid-$97,000s throughout the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25694","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25694"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25694\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}