Dogecoin surged over 6% intraday to $0.20, fueled primarily by Elon Musk’s public apology to Donald Trump that eased political tensions and improved market sentiment.
This momentum coincides with Bloomberg analysts increasing the probability of a Dogecoin spot ETF approval to 80%, signaling heightened institutional confidence in the meme cryptocurrency. Technical indicators including RSI and ADX suggest a potential bullish reversal, with key resistance at $0.214 and support at $0.186.
Ethereum concurrently climbed 2.3% to nearly $2,880, bolstered by regulatory clarity and $125 million inflows into Ethereum ETFs despite rising competition from Solana.
The broader market reflects growing risk appetite, evidenced by the Crypto Fear & Greed Index hitting 72. Institutional investor interest continues expanding for both digital assets as market dynamics evolve.