Dogecoin, Cardano Lead Gains as Crypto Majors Rally
Dogecoin (DOGE) and Cardano (ADA) witnessed significant gains in the cryptocurrency market, both rising by over 5% as six of the top eight cryptocurrencies, including Bitcoin and Ethereum, showed positive moves amid a market rebound. This surge occurred despite concerns over looming tariffs and bearish Bitcoin options, as the general market sentiment turned optimistic to start the new quarter. Bitcoin saw a 1% uptick to approximately $83,465, while Ethereum rose by 1.1% to about $1,840. Analysts noted this renewed optimism was linked to the absorption of tariff concerns and the hope for stable macroeconomic conditions. Solana's decentralized exchange volumes also showed improvement, despite a significant decline in meme coin transactions. Analysts suggest that if no fresh developments occur regarding tariffs, the positive momentum could likely persist into the coming days.
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