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Circle Internet Group stock has now surpassed its own stablecoin, USDC, in market cap. Just 12 trading days after its initial public offering, Circle’s stock value has surged over 8X, with shares rising from an IPO price of $31 to over $254. This sharp rise has pushed Circle’s market capitalization to approximately $62 billion, edging
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Dogecoin price holds steady above $0.16, showing resilience amid Tesla’s $30B stock decline and broader market volatility this week.
Dogecoin (DOGE) has stabilized above the $0.16 level, showing notable resilience despite broader volatility in the crypto and equity markets.
After briefly dipping to $0.12 last Wednesday, following former President Donald Trump’s surprise announcement of sweeping tariffs, DOGE rebounded and currently trades 4% higher from that weekly low.
DOGE resilient price performance aligns with a broader trend: top cryptocurrencies increasingly decoupling from the volatility that plagues traditional equities and commodities.
Tesla (TSLA) stock has emerged as one of the most heavily impacted assets in the wake of Trump’s trade announcement. U.S. equities suffered a dramatic selloff, with the Dow Jones Industrial Average plunging over 3,000 points and the S&P 500 falling by 8% within five trading sessions.
As expected, Tesla (TSLA) stock price took a major hit due to Elon Musk’s prominent role in the Trump administration’s newly-formed Department of Government Efficiency.
With the electric vehicle giant thrust into political and economic crossfire, Tesla shares currently trade at $239, down 4% on the week and 10% over the past 30 days.
At a current market cap of $750 billion, over $30 billion in shareholder value has been erased since the tariffs were announced.
Against this backdrop, Dogecoin’s stability above $0.15 has raised questions: is DOGE beginning to decouple from Elon Musk’s influence?
Elon Musk, long seen as a de facto mascot for the Dogecoin community, has historically had influence over DOGE price action.
In past years, events such as Tesla’s earnings calls, SpaceX launches, and even cryptic tweets from Musk often triggered short-term rallies in DOGE price.
But recent events suggest a shift in sentiment. In January 2025, DOGE price briefly tested yearly timeframe peaks above $0.40 after Musk’s government office teased a DOGE logo on its official site.
Speculation quickly spread that Dogecoin might be adopted for government-related transactions. However, Musk personally clarified last week that the administration has “no current intention” of adopting DOGE for official use—promptly quashing those rumors.
Another key factor behind Dogecoin’s decoupling from Elon Musk’s influence is Trump’s private crypto interests In March, the administration announced its “Crypto Strategic Reserve,” which conspicuously excluded Dogecoin. The move was seen by many as a sign that DOGE would not receive institutional or governmental support.
Adding to the sentiment, Trump launched his own memecoins—TRUMP and MELANIA—during his inauguration.
These tokens, alongside WLFI, a pro-Trump crypto PAC, have since dominated the altcoin narrative, effectively crowding out Dogecoin from the political meme coin arena.
This exclusionary stance diminishes the likelihood that Dogecoin will receive direct endorsements or adoption from the current administration, despite Musk’s presence within it.
Dogecoin’s price resilience also stems from its insulation from the economic risks now weighing on Tesla.
While Tesla faces serious exposure to retaliatory tariffs from major trade partners like China and Canada—threatening its supply chain and Q2 earnings—Dogecoin operates independently of such traditional business cycles.
The memecoin’s lack of ties to physical goods, manufacturing, or logistics shields it from geopolitical shocks that affect multinational corporations.
As a result, DOGE appears increasingly insulated from Tesla’s financial performance and the broader trade war fallout.
Dogecoin’s stable price action this week, despite Tesla losing $30 billion in market value, signals a maturing market dynamic. Investors are beginning to view DOGE as an asset less exposed to Elon Musk’s influence and more driven by its own market fundamentals.
From a technical standpoint the current Dogecoin price forecast signals lean neutral-to-bearish.
After a brief 5.14% recovery over three sessions the two consecutive red candles that followed now put the immediate support at $0.15 at risk.
Since closing Friday at $0.16, Dogecoin struggles to hold above the 20-day EMA resistance at $0.17. This rejection at the moving average signals insufficient buying pressure to drive the next leg-up.
Beyond that, Dogecin trading volumes remains flat at 402.82 million DOGE, showing weak conviction from bulls.
The True Strength Index (TSI) also slipped to -0.82, a clear sign of continued bearish momentum. With TSI below the zero line, a downside continuation is likely if demand doesn’t resurface soon.
If bears push below $0.15, the next downside target lies at $0.142—where DOGE last found support on April 3. On the upside, bulls must reclaim the $0.17 level to target the stronger resistance cluster between at $0.20, near the 50-day EMA.
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The post Bitcoin Price Analysis: Constructive Market Structure Signals Parabolic Rally Ahead appeared first on Coinpedia Fintech News
The rising conflict between the United States and the European Union has weighed down on a weakening greenback against major global currencies. The cryptocurrency market, led by Bitcoin (BTC), has emerged as a better alternative for investors seeking to hedge against macroeconomic uncertainties.
Since the Doland Trump administration took office earlier in 2025, three states – including New Hampshire, Arizona, and Texas – have approved the strategic Bitcoin reserve bills in both the senate and House. In the past six days, Bitcoin’s investment products recorded a net cash inflow of about $2.3 billion, according to market data from CoinShares.
With the CME futures and options markets leaning towards bullish sentiment, BTC price will soon enter the euphoric phase of the 2025 crypto bull run.
In the 1-hour timeframe, BTC price has been rising in a parallel channel since a local low of about $74.8k earlier in April. Earlier this week, BTC price was rejected at the upper border of the rising channel and is now signaling a drop towards the lower border.
Moreover, the 1-Hour MACD line has already dropped below the zero line and the histograms have been growing in a bearish fashion in the past two days.
In the daily timeframe, BTC price has been following an almost similar fractal pattern to the Q4 2024 bullish breakout. If BTC price consistently closes above the upper border of the established rising channel in the coming days, a potential rally towards $140k will be inevitable. However, a consistent close below the lower border of the rising channel will trigger a rejuvenated bearish pressure potentially towards $74k again.
The post Bitcoin Price Analysis: Constructive Market Structure Signals Parabolic Rally Ahead appeared first on Coinpedia Fintech News
A weakening U.S. dollar amid rising crypto optimism has favored bullish sentiments for Bitcoin in the short term. The ongoing cooling down of the leveraged crypto trading has set a precedent for a fresh rally beyond $111.9k. The rising conflict between the United States and the European Union has weighed down on a weakening greenback …
Massive Bitcoin withdrawals worth hundreds of millions of USD from major exchanges have sparked significant interest in the crypto community.
However, if Bitcoin fails to break the $86,000 barrier, a price correction remains a real possibility, especially amid wavering investor confidence.
Data from the X account OnchainDataNerd on April 17, reveals that several large Bitcoin whales executed substantial withdrawals from top exchanges. Galaxy Digital withdrew 554 BTC, valued at approximately $76.74 million, from OKX and Binance.
Abraxas Capital pulled out 1,854 BTC, worth around $157.26 million, from Binance and Kraken.
Two other whales, identified by addresses 1MNqX and 1BERu, withdrew 545.5 BTC ($45.5 million) and 535.2 BTC ($45.44 million) from Coinbase, respectively. In a single day, over $280 million in Bitcoin was removed from exchanges.
Such withdrawals from Bitcoin whales, like those by Galaxy Digital and Abraxas Capital, often signal a strategy to move BTC into cold storage. This is typically viewed as a bullish sign, reducing selling pressure and reflecting expectations of future price increases.
A report from Glassnode on X highlights a sharp rise in first-time Bitcoin buyers. This influx of new investors could drive short-term price gains. However, long-term holders (LTHs) have paused their accumulation, signaling caution amid heightened market volatility.
In a post on X, the analyst Ali used the TD Sequential technical indicator to forecast Bitcoin’s price trend. The TD Sequential flashed a buy signal on the Bitcoin weekly chart.
If Bitcoin consistently closes above $86,000, further price increases are likely. Currently, Bitcoin is hovering above $80,000, indicating growth potential. However, surpassing the critical $86,000 resistance level is essential to confirm the bullish trend.
Despite recent whale accumulation, not all signals are positive. Inflows into Bitcoin ETFs have dropped significantly. This decline suggests weakening investor confidence, which could exert downward pressure on prices without fresh catalysts.
Additionally, data from Lookonchain indicates that over $1.26 billion in Bitcoin was unstaked from Babylon. If this capital flows back to exchanges, selling pressure could intensify, making it harder for Bitcoin to breach key resistance levels.
The post Bitcoin Whales Pull Millions Off Exchanges as New Buyers Surge — BTC Ready to Rally? appeared first on BeInCrypto.