Ethereum, Dogecoin Soar as Bitcoin Hits Highest Price in 3 Weeks
Dogecoin (DOGE) surged over 8% to $0.171, leading a rise in meme coins, while Ethereum (ETH) traded above $2,590, marking an 8% gain. Bitcoin reached over $109,200, a 3% increase, hitting a three-week high and nearing its all-time high of $111,814. Increased investor optimism is attributed to recent approvals of crypto exchange-traded products (ETPs) and growing regulatory clarity in the U.S. Ripple applied for a national bank charter, further boosting market sentiment. Despite positive trends, macroeconomic uncertainties persist, including challenges to Trump's budget and ongoing trade negotiations. Net flows to Bitcoin ETFs turned negative after a 15-day gain streak, indicating lingering investor concerns. Overall, the market is currently favoring potential upside amid geopolitical risks and expectations of looser monetary policy.
