Dogecoin and Shiba Inu Prices Surge Over 10% Following Trump’s Tariff Announcement
Dogecoin and Shiba Inu experienced significant price increases, each rising over 10% recently. This surge is linked to positive developments in US-China trade relations.
Key Highlights
- US President Donald Trump announced a 90-day suspension of tariffs on countries other than China to encourage negotiations.
- Trump indicated that current tariffs on China (145%) will decrease but not eliminate entirely.
- Following this announcement, Bitcoin's price rose from $84,000 to $94,000, boosting its market cap by over $100 billion.
- Dogecoin's trading volume increased by over 100%, surpassing $2 billion, with its price climbing from below $0.17 to above $0.18.
- Shiba Inu's trading volume grew by 88% to over $315 million, with its price increasing from $0.00001288 to $0.0000189.
- Continued positive sentiment is expected in the crypto market, particularly for Dogecoin and Shiba Inu during Trump's tariff freeze period.
