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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Why Did The Dogecoin And Shiba Inu Prices Surge Over 10%?

Scott Matherson
Scott Matherson
3 months ago
3 mins read
Shiba Inu vs Dogecoin

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The Dogecoin and Shiba Inu prices have seen major price surges over the last few days. In one day alone, both meme coins saw their values skyrocket by more than 10%, putting them on the path to recovering their lost gains from the last few months. As these increases excite investors, let’s take a look behind the curtain and see what it is that has been driving this price recovery.

Donald Trump To Go Easy On China

The crypto market crashes that began in January 2025 were spurred by US President Donald Trump’s tariff wars with other countries, mainly China, that seemingly came out of nowhere. As the president had placed tariffs on China, the country had retaliated with its own tariffs on the US, triggering an all-out tariff war. Additionally, over 180 countries were hit with Trump’s tariffs, sending the market into disarray.

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In early April, though, Trump announced that he would be suspending tariffs on all the other countries for 90 days, excluding China. This is to give time for negotiations as other countries come to the table. However, it seems the president is also looking favorably on China with the latest announcement.

Earlier this week, Donald Trump said in an interview in the Oval Office that the tariffs on China are not expected to be high. To put this in context, the US currently has 145% tariffs on China, and both countries are expected to be in negotiations. According to the US president, “it won’t be anywhere near that high. It will come down substantially, but it won’t be zero.”

Once this news got out, the market responded very positively. For one, the Bitcoin price went from $84,000 to $94,000, adding over $100 billion to its market cap in a matter of hours. This rally naturally rubbed off on the likes of Dogecoin and Shiba Inu, sending their prices rocketing in the same time frame.

Dogecoin And Shiba Inu Prices React

In the aftermath of the Trump announcement, Dogecoin and Shiba Inu saw a significant rise in interest from crypto investors. For Dogecoin, its daily trading volume bounced over 100% on Wednesday to cross $2 billion. Its price then rose from below $0.17 to above $0.18 in a matter of hours, according to data from CoinMarketCap.

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In the same vein, the Shiba Inu trading volume for Wednesday rose 88% to cross $315 million, one of its highest daily trading volumes so far for the month of April. Similarly to Dogecoin, the Shiba Inu price rose by more than 10% to go from its daily low of $0.00001288 to $0.0000189.

With two months still left to go in Trump’s 90-day freeze window, the prices of cryptocurrencies are expected to keep rising across the board. Naturally, Dogecoin and Shiba Inu are expected to lead the meme coin rally as the top two largest cryptocurrencies in this category.

Dogecoin price chart from Tradingview.com (Shiba Inu)
DOGE price pushes back after 10% recovery | Source: DOGEUSDT on Tradingview.com
Chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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