On May 10, 2025, Dogecoin experienced a significant surge, rallying by 10% as Bitcoin approached the $104,000 mark. The rise in these cryptocurrencies can be attributed to a renewed 'risk-on' sentiment among investors, who appear more willing to engage in digital asset trading. This shift in market psychology indicates growing optimism towards cryptocurrencies, possibly spurred by macroeconomic indicators suggesting potential easing in monetary policy. Such movements reflect broader trends within the crypto market, where investor sentiment can dramatically influence asset prices in short time frames.
Join the newsletter (free for now) curated by our flagship model
Value-packed daily reports covering news, markets, on-chain data, fundraising, governance, and more – sent to your inbox. Saving you 1 hour of research daily.
