What to know:
- Ether and Dogecoin shot up 9%. Yes, your neighbor’s Shiba Inu probably made more money than you. 🐕
- The whole crypto circus is up 1.7%, and Bitcoin is loafing around $103,700. All we’re missing is a lemonade stand.
- Despite the party, traders keep one eye on the good ol’ American dollar and the other on international fussin’—don’t be shocked if they grab profits and dash.
The mighty Ether (ETH) and that rascal Dogecoin (DOGE) galloped ahead Wednesday, kicking up a commotion with a 9% jump in a day. Their bullish run this week could make a riverboat gambler blush.
The crypto herd isn’t exactly stampeding, more like sauntering—with the whole market up 1.7%. Bitcoin was spotted leaning lazily against the $103,700 post as morning broke in Asia.
Ethereum’s trading north of $2,600, and Dogecoin’s back at it, barking around 24 cents. The rest—XRP, BNB, ADA, SOL—they’re following, picking up 3–5% like lost coins under a sofa cushion.
But hold your horses: some traders are looking at the sky and muttering about bad weather on the horizon. The dollar’s suddenly got muscles, and trade squabbles are sucking a little wind out of the sails. Even as Bitcoin teases the record books, folks are eyeing the exits for a quick buck.
“The strong dollar’s raining on crypto’s parade, and tariffs have folks grabbing their umbrellas,” grumbled Alex Kuptsikevich over at FxPro. “Plus, with Bitcoin so close to its all-time high, folks are thinking about taking their winnings and buying a new fishing boat.”
Across the wider world, optimism’s like spring after a long winter—tenuous and a little flustered. Bitcoin sits in the middle, unsure if it’s King Midas or just another noisy neighbor. Some say it can’t decide if it’s “digital gold” or a gamble wilder than a Mississippi steamboat playing poker with loaded dice.
Fear & Greed Index? Still flashing “GREEDY” for four straight days, so you know the wolves are hungry. 🤑
Kuptsikevich offered this pearl, “Bitcoin pulled another rabbit out its hat on Monday. The real question: can it break through $105,000 or just slip on a banana peel trying?”
On another part of the riverbank, CoinShares says the big-money folks dropped $882 million into crypto last week—third week running.
Bitcoin was hogging most of it, but Ether only pulled in a modest $1.8 million, doggone it. Solana had folks running for the exits ($3.4 million in outflows), but rumor has it some are betting wild on its comeback. Because why not? It’s crypto—if you’re not riding a rollercoaster, what are you even doing? 🎢
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2025-05-14 09:52