Dogecoin Surges 10%, Bitcoin Nears $104K Amid Renewed ‘Risk-on’ Sentiment

Bitcoin surged past $100,000, nearing $104,000 for the first time in over two months amid improving macroeconomic sentiment and Ethereum’s successful Pectra network upgrade.
Altcoins saw gains led by Dogecoin’s 10% rally and Ethereum’s 3.5% rise, while other major cryptocurrencies like Solana, Cardano, XRP, and BNB also experienced increases of 2-6%.
Pro-crypto legislation in U.S. states New Hampshire and Arizona, along with President Trump’s optimistic comments on U.S.-China trade talks and a new U.S.-U.K. trade deal, boosted market confidence.
Analysts suggest renewed risk-on sentiment and institutional interest, especially around Ethereum’s upgrade, are driving this bullish momentum, although upcoming U.S.-China negotiations remain pivotal for market direction.