Ether, Dogecoin Lead Crypto Gains as Firms Signal 'Prime' Breakout Chance for Market
2025-07-10 04:37:47
Main Idea
Cryptocurrencies like Ether and Dogecoin led gains as Bitcoin neared its all-time high, with market analysts signaling a potential breakout due to retail investor behavior and supportive regulatory developments.
Key Points
1. Bitcoin hovered near its all-time high at $112,000, while Ether surged past $2,780, up nearly 7% over 24 hours, and Dogecoin jumped 6%.
2. The CoinDesk 20 index, tracking major tokens excluding stablecoins, rose over 2%, indicating broad market gains.
3. Analysts noted that retail investor fear, uncertainty, and doubt (FUD) often precede market breakouts, suggesting accumulation opportunities.
4. U.S. regulatory developments, including a House Committee hearing titled 'Making America the Crypto Capital of the World,' boosted trader optimism.
5. Despite global market volatility, including U.S. tariff threats, crypto prices surged amid a supportive risk and equity backdrop.
Description
Crypto prices extended their rally on Thursday, with Ether and Dogecoin leading the charge, as a combination of supportive risk sentiment and growing political momentum around digital asset legislation helped push markets higher. Bitcoin hovered near its all-time high at $112,000, while Ether surged past $2,780, up nearly 7% over 24 hours. Dogecoin jumped 6%, with broader majors like Solana and XRP also gaining. The CoinDesk 20, a liquid index tracking the largest tokens by market capitalization...
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