$DOGE coin and Cardano Lead Crypto Surge as Bitcoin Eyes $100K
Market Rally Driven by Fed Outlook and Trade Deal Hopes
Bitcoin neared the $100,000 mark on Thursday, as optimism around U.S. monetary policy and trade developments fueled gains across the crypto market. Dogecoin (DOGE) jumped 5% and Cardano’s ADA rose 4%, leading the rally, while Ethereum (ETH), BNB, XRP, and Solana (SOL) posted 2–3% gains. The CoinDesk 20 Index climbed 2.2%.
The momentum follows the Federal Reserve's decision to hold interest rates steady, with analysts forecasting up to 100 basis points in cuts by year-end, likely starting after July. Traders are now watching the next Federal Open Market Committee (FOMC) meeting closely.
Trump Teases New Trade Deal
Adding fuel to the market rally, President Donald Trump hinted at a “big” trade deal with a “highly respected country,” widely reported to be the United Kingdom. He suggested this may be the first of “many” such agreements, potentially easing tariff-related market anxieties and boosting investor sentiment toward risk assets like crypto.
Crypto as a Hedge in Uncertain Times
Experts warn that while rate cuts may ease some pressures, the risk of stagflation—rising inflation alongside stagnant growth and job losses—looms large. With businesses passing higher costs to consumers, inflation could reaccelerate.
Despite these challenges, Bitcoin continues to shine. Analysts highlight its role as a hedge against macroeconomic uncertainty, supported by record inflows into spot bitcoin ETFs such as BlackRock’s IBIT, which has attracted $4.3 billion over the past month.
Investor Sentiment Shifting Toward Crypto
“Bitcoin’s resilience in this volatile macro backdrop is telling,” said one analyst, emphasizing its growing presence in diversified portfolios. As traditional markets brace for uncertainty, crypto assets appear to be reclaiming their place as a safe haven for forward-looking investors.
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