{"id":26119,"date":"2025-05-10T10:34:17","date_gmt":"2025-05-10T10:34:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=26119"},"modified":"2025-05-10T10:34:17","modified_gmt":"2025-05-10T10:34:17","slug":"dogecoin-surges-10-bitcoin-nears-104k-amid-renewed-risk-on-sentiment","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26119","title":{"rendered":"Dogecoin Surges 10%, Bitcoin Nears $104K Amid Renewed \u2018Risk-on\u2019 Sentiment"},"content":{"rendered":"<div>\n<p>Bitcoin pushed past the six-figure mark for the first time in over two months, coming within a hair of $104,000 in early Asian hours Saturday, as crypto markets staged a sharp rebound on improving macro sentiment and Ethereum\u2019s latest network upgrade.<\/p>\n<\/p>\n<p>Dogecoin (DOGE) led altcoin gains with a 10% rally, while ether (ETH) rose 3.5% following the successful implementation of its long-awaited Pectra upgrade, bringing weekly gains over 30%.Other majors including Solana (SOL), Cardano (ADA), xrp (XRP) and BNB Chain\u2019s BNB rose between 2-6%, driven by a shift in investor sentiment from caution to risk-on.<\/p>\n<\/p>\n<p>The move follows a string of pro-crypto developments in the U.S. this week. On Wednesday, New Hampshire passed a bill allowing the state to create a strategic Bitcoin reserve. Arizona followed suit a day later with its own legislation supporting a crypto reserve. The state-level momentum comes as political leaders lean further into digital asset policy ahead of the November election.<\/p>\n<\/p>\n<p>President Donald Trump\u2019s bullish remarks on upcoming U.S.-China trade talks also helped ease market jitters. The comments coincided with the U.S. and U.K. signing a fresh trade agreement that will remove reciprocal tariffs and lower duties on American goods \u2014 further lifting sentiment across equities and crypto alike.<\/p>\n<\/p>\n<p>\u201cPresident Trump&#8217;s optimistic outlook on this weekend&#8217;s China trade talks is easing fears of an escalating trade war, encouraging traders to shift capital back into asset classes like cryptocurrencies,\u201d said Jeff Mei, COO at BTSE, in a message to CoinDesk. \u201cThis could very well drive Bitcoin back towards its all-time high and potentially surpass it.\u201d<\/p>\n<\/p>\n<p>BTC trades about 5% below its January record high of over $108,700 as of European morning hours on Saturday.<\/p>\n<\/p>\n<p>Analysts say the recent moves mark a decisive break from the sluggish price action that plagued altcoins through much of March and April.<\/p>\n<\/p>\n<p>\u201cTraders believe the crypto industry may have finally found its second wind as a hedge against market uncertainty,\u201d Nick Ruck, director at LVRG Research, told CoinDesk in a Telegram chat.\u201cInvestors are changing their perspectives on crypto now that altcoins have departed from a negative trend and found buying pressure from a renewed risk-on sentiment,\u201d Ruck added.<\/p>\n<\/p>\n<p>Ethereum\u2019s 30% rally this week is also being attributed to growing institutional interest and the momentum behind its Pectra upgrade, which introduces long-anticipated execution layer reforms aimed at boosting efficiency and scalability.<\/p>\n<\/p>\n<p>\u201cThe upgrade provides reforms Ethereum desperately needs to cement its position as a leading chain amidst growing competition,\u201d BTSE\u2019s Mei said. \u201cGiven that Ethereum is trading well below its all-time high, we could see substantial upside in the coming weeks and months, especially as macro fears ease and institutions become more willing to allocate towards crypto and crypto ETFs.\u201d<\/p>\n<p>Still, traders are watching this weekend\u2019s U.S.-China trade negotiations closely. Talks are set to begin later on Saturday in Switzerland, and any signs of stalemate or renewed tension could undercut the current rally.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin pushed past the six-figure mark for the first time in over two months, coming within a hair of $104,000 in early Asian hours Saturday, as crypto markets staged a sharp rebound on improving macro sentiment and Ethereum\u2019s latest network upgrade. Dogecoin (DOGE) led altcoin gains with a 10% rally, while ether (ETH) rose 3.5% [&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-26119","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\/26119","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=26119"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26119\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}