Welcome back to The CoinMarketAap — I’m Black Sea. If you’re ready to dive deep into the latest, hit that like button, subscribe, and ring the bell so you never miss an update. Let’s jump right in.
Breaking News: 21Shares Files for a Dogecoin Spot ETF
That’s right — 21Shares has officially filed for a Dogecoin Spot ETF. This is huge.
We’ve already seen Bitcoin and Ethereum get ETFs, and XRP is following suit. I believe Solana and XRP will be next in line before we start seeing more exotic ETFs like Dogecoin and even Cronos (CRO). Eventually, we might even get basket ETFs that hold multiple cryptos.
A Dogecoin ETF is a bullish signal — in the short term. While Dogecoin has a notoriously high inflation rate (millions of coins minted daily), creating long-term dilution pressure, the short-term volatility offers plenty of trading opportunities.
Current Dogecoin Price Action: Are We Out of the Woods Yet?
Dogecoin saw a 17% gain in just the past 24 hours, showing signs of a potential reversal.
But let’s be clear: we’re not out of the woods yet. Unless Dogecoin can close above 16 cents, this could just be a lower high. If it fails, the next major support is the 12-cent bullish trend line — and if that breaks, Doge could slip deeper into a bear market.
The good news? So far, the trend line is holding. But the broader market needs to stabilize too.
Traditional Markets Are Driving Crypto Right Now
You might wonder, “Black Sea, why are you talking about the stock market in a Dogecoin update?” Because right now, crypto is heavily tied to the traditional markets.
This week, the S&P 500 popped 10% after global tariffs (excluding China) were paused for 90 days. Money that was sitting on the sidelines rushed back into stocks — and by extension, crypto.
However, it’s a kangaroo market right now — bouncing up and down on news headlines. One day it’s tariffs crashing stocks, the next it’s tariffs paused, sending stocks flying.
In this environment, volatility is your friend — if you’re careful. If you want to capitalize on these wild moves, check out the link in the description for a $5,000 trading bonus.
Pro tip: This is not the time to set a trade and walk away. Stay sharp. Use high-leverage scalping and monitor the market closely.
Dogecoin by the Numbers
- Rank: #8
- Market Cap: $23.35 billion
- 24-hour change: +12%
- 7-day change: -5.72%
- Cycle High Market Cap: ~$66 billion
- Current Drawdown: ~73% from highs
Despite the pullback, Dogecoin still has strong community support — and a spot ETF could spark massive buy volume if traditional markets hold up.
Bitcoin and Ethereum: What’s Next?
Bitcoin rallied 8.74% and Ethereum spiked 15.23% today — but ETH/BTC is still bleeding. Bitcoin dominance remains strong and has been rallying for three years. We never got a true altcoin season because of tight monetary policy and quantitative tightening.
Now, we could be heading toward quantitative easing, which would be a massive tailwind for Bitcoin and altcoins alike.
However, Bitcoin is still forming lower highs. We need to see a quick move back to 88K to confirm a bullish breakout.
If the traditional markets catch a bid and Bitcoin breaks 88K, hold on tight — we could see Dogecoin explode above 25 cents in a V-shaped recovery.
Final Thoughts: Eyes on the Traditional Market
This next week is critical.
- If the S&P 500 continues to rally, crypto could have bottomed.
- If it fails and we see closures below 5,000 on the S&P, brace for a recession and further downside in Bitcoin and altcoins.
As I tweeted:
“The smartest bears are poorer than the dumbest bulls.”
It’s a good reminder — in a world of constant money printing, bulls often come out ahead over the long term. Stay cautiously optimistic, manage your risk, and be ready for whatever comes next.
That’s it for today’s update. I’ll see you guys soon — and remember, stay vigilant, stay profitable!