Ether Nears $2.7K, Dogecoin Zooms 9% as Crypto Market Remains Cheery
Ether (ETH) and dogecoin (DOGE) led majors gains on Wednesday with a 9% jump in the past 24 hours, extending a bullish streak that's seen both tokens gain double digits over the past week.
The broader crypto market showed modest gains with total capitalization up 1.7%, per CoinGecko, with bitcoin (BTC) hovering around $103,700 in Asian morning hours.
Ethereum traded above $2,600, with dogecoin around 24 cents. XRP, BNB Chain's BNB, Cardano's ADA and Solana's SOL gained between 3%-5%.
Despite a burst of green across major altcoins, crypto traders are starting to feel the weight of macro markets and warn of profit-taking in the short term. A stronger dollar and renewed trade tensions temper momentum, even as bitcoin flirts with record territory.
'The strengthening dollar on news of tariffs has been a natural drag on cryptos,' explained Alex Kuptsikevich, chief market analyst at FxPro, in an email to CoinDesk. 'This is doubly true due to bitcoin's proximity to the highs, reinforcing the pull for short-term profit taking after rallying in just over a month.'
As global markets shift from protectionism to cautious optimism, bitcoin remains in limbo. The asset is once again caught between competing narratives for some trader.
"BTC remains caught in a tug-of-war between its identity as 'digital gold' and its function as a risk-on proxy," traders at Singapore-based QCP Capital said in a market broadcast. "This tension continues to obscure its directional conviction. As the macro narrative moves from protectionism toward renewed trade optimism, BTC could remain range-bound."
Still, sentiment remains strong. The widely-tracked Fear & Greed Index has held steady above 70 for four consecutive days — a 'greed' level typically associated with sustained bullish appetite in the near term.
'Bitcoin showed its unpredictable nature on Monday,' Kuptsikevich added. 'But with the positivity remaining, it's worth paying attention to the price dynamics near $105. Will we see an acceleration or a new failure? The answer will guide the coming days.'
Elsewhere, latest fund flow data from CoinShares shows $882 million in institutional inflows last week — the third straight week of strong buying.
BTC led with $867 million, while ETH saw just over $1.8 million in flows despite a stellar price performance over the last week. Notably, Solana (SOL) posted $3.4 million in outflows, even as traders loaded up on $200 call options expiring in late June, as reported.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Buzz Feed
40 minutes ago
- Buzz Feed
What Do You Think Of Elon Musk's Time In Government?
Elon Musk's short stint in government was controversial, to say the least. Now that he's left the Trump administration — and broken up with the president in a very messy online feud — I want to know your honest opinions about his time in government. Maybe you're appalled that he swooped in, laid off hardworking federal workers with DOGE, then ran off into the sunset with his billions. Now, many of those workers will struggle to pay their rent/mortgage while Elon goes back to his cushy CEO life. Perhaps you're upset that DOGE cut funding for important agricultural programs. Now, your local food bank's budget has been slashed, and you're worried about the families in your community. Maybe you're still appalled by the Tesla showcase in front of the White House. Conflict of interest, anyone? Or perhaps you're frustrated by Elon's change of heart because it doesn't actually change anything. He still spent millions to get Trump elected, and now we're stuck with this president. Elon can go on X (formerly Twitter) and say Trump's tariffs "will cause a recession in the second half of this year," but the American people have been saying that for months and will be the ones suffering. Whatever it is, we want to know. What's your honest opinion of Elon's time in government? Share your thoughts in the comments or in the anonymous form below for a chance to be featured in an upcoming BuzzFeed Community post.
Yahoo
an hour ago
- Yahoo
Kewaunee Scientific to Report Results for Fiscal Year and Fourth Quarter
STATESVILLE, N.C., June 11, 2025 /PRNewswire/ -- Kewaunee Scientific Corporation (NASDAQ: KEQU) today announced that the Company plans to release financial results for its fourth quarter and fiscal year ended April 30, 2025 on Wednesday, June 25, 2025 after the close of trading. This information will be available on the Company's website after the release. About Kewaunee Scientific Founded in 1906, Kewaunee Scientific Corporation is a recognized global leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products. The Company's products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks. The Company's corporate headquarters are located in Statesville, North Carolina. Sales offices are located in the United States, India, Saudi Arabia, and Singapore. Three manufacturing facilities are located in Statesville serving the domestic and international markets, and one manufacturing facility is located in Bangalore, India serving the local, Asian, and African markets. Kewaunee Scientific's newly acquired subsidiary, Nu Aire, is a leading manufacturer of biological safety cabinets, CO2 incubators, ultralow freezers, and other essential laboratory products that complement the Kewaunee Scientific portfolio. Founded in 1971, Nu Aire's headquarters and manufacturing facilities are located in Plymouth, Minnesota, with additional manufacturing capabilities located in Long Lake, Minnesota. The Company also maintains a warehouse partnership in the Netherlands and OEM partnerships in China. Learn more at the companies' websites, located at and This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the Company's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "predict," "believe" and similar words, expressions and variations of these words and expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions, and other important factors that could significantly impact results or achievements expressed or implied by such forward-looking statements. Such factors, risks, uncertainties and assumptions include, but are not limited to: our ability to realize the benefits anticipated as a result of the Nu Aire acquisition; competitive and general economic conditions, including disruptions from government mandates, both domestically and internationally, as well as supplier constraints and other supply disruptions; changes in customer demands; technological changes in our operations or in our industry; dependence on customers' required delivery schedules; risks related to fluctuations in the Company's operating results from quarter to quarter; risks related to international operations, including foreign currency fluctuations; changes in the legal and regulatory environment; changes in raw materials and commodity costs; acts of terrorism, war, governmental action, and natural disasters and other Force Majeure events. The cautionary statements made pursuant to the Reform Act herein and elsewhere by us should not be construed as exhaustive. We cannot always predict what factors would cause actual results to differ materially from those indicated by the forward-looking statements. Over time, our actual results, performance, or achievements will likely differ from the anticipated results, performance or achievements that are expressed or implied by our forward-looking statements, and such difference might be significant and harmful to our stockholders' interest. Many important factors that could cause such a difference are described under the caption "Risk Factors," in Item 1A of our Annual Report on Form 10-K for the most recent fiscal year ended April 30, which you should review carefully, and in our subsequent quarterly reports on Form 10-Q and current reports on Form 8-K. These reports are available on our investor relations website at and on the SEC website at These forward-looking statements speak only as of the date of this document. The Company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Donald T. Gardner III704/871-3274 View original content to download multimedia: SOURCE Kewaunee Scientific Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Peter Schiff Says He'd Admit He Was Wrong On Bitcoin If He Wakes Up In A World Where...
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Economist Peter Schiff said in a recent interview that he would admit being wrong about Bitcoin (CRYPTO: BTC) if the world wakes up to a 'hyper Bitcoinization' scenario. What Happened: During an interview that aired Monday, Schiff was asked about what it would take for him to drop his long-standing skepticism and start buying into the apex cryptocurrency. 'I haven't bought it yet, and it's gone from practically nothing to $100,000. So if that hasn't convinced me, what's going to convince me?' the Bitcoin skeptic replied. Trending: New to crypto? on Coinbase. For the sake of argument, Schiff then envisioned a Bitcoin utopia. 'I suppose what everybody is saying is one day we're going to wake up in hyper Bitcoinization and Bitcoin is going to be money. There won't be any more dollars or any more euros or any more yen.' He added that if he woke up in such a world where everything, from insurance to bonds, is priced in Bitcoin, he would have to admit that he was wrong about Bitcoin. 'i guess if I wake up in that world, I'd have to admit that I was wrong.' 'I just don't believe that that's ever going to happen because we're no closer to that now than we were 10 years ago,' Schiff was quick to add. He said Bitcoin is being used more for 'gambling' than as a medium of exchange. Why It Matters: Schiff's views on Bitcoin have been a topic of debate in the cryptocurrency community. He has consistently claimed that the leading cryptocurrency lacks intrinsic value and is destined to fail. Earlier this year, he referred to Bitcoin as a "digital risk" and predicted that the financial turmoil of 2025 could mark its end. Interestingly, Schiff said in a recent podcast that his teachings on economics inadvertently led many to invest in Bitcoin, despite his advice against it. He added that many Bitcoin 2025 conference attendees cited him as the reason they purchased the apex cryptocurrency. Read Next: A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image Via Shutterstock/Frame Stock Footage This article Peter Schiff Says He'd Admit He Was Wrong On Bitcoin If He Wakes Up In A World Where... originally appeared on
