Dogecoin Retraces Gains as Solana Surges
Dogecoin (DOGE) experienced a 7.5% decline, dropping from 38 cents back to 36 cents as traders took profits after a brief surge prompted by its logo appearing on a website linked to Elon Musk's Department of Government Efficiency. This came after DOGE's price had risen significantly from 34 cents to 38 cents. In contrast, Solana's SOL token jumped by 8% as the crypto markets began to recover from earlier losses. While Bitcoin (BTC), Ether (ETH), and BNB showed less than 1% gain over the past 24 hours, the overall market sentiment remained mixed. Crypto analysts suggest that traders are waiting for cues from potential announcements by Donald Trump regarding tariffs that might influence market positioning. Optimism remains in the market as pro-crypto signals emerge with changes in regulatory attitudes toward the cryptocurrency sector. However, further momentum is needed to sustain the market's recovery, particularly as Bitcoin has faced fluctuations around the $105K mark.
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