Bitcoin price has surged past $88,000, its highest level since late March. The rally came amid political tension after Donald Trump threatened to fire the Federal Reserve Chair, triggering a drop in the U.S. dollar. Over $97 million in Bitcoin short positions were liquidated, per CoinGlass. Investors shifted toward Bitcoin as a safe-haven asset, with optimism rising over U.S. trade developments involving Japan and China following recent tariff and negotiation updates.

Dogecoin faces renewed market scrutiny as Elon Musk prepares to exit his role at the Department of Government Efficiency (D.O.G.E.). The Tesla CEO’s departure, spurred by political setbacks and pressure from federal agencies, has triggered bearish speculation around DOGE’s price. Despite fears of a short-term dip due to Musk’s influence, analysts remain optimistic. Talking about numbers, Dogecoin price is currently at $0.1636, with a change of +1.06% in 24 hours.

Crypto prices today show mixed signals. The global market cap stands at $2.77 trillion, up 0.58%, while 24-hour trading volume surged 32.01% to $89.4 billion. While Bitcoin climbed 1.25% to $88,537.91, Ethereum and XRP slipped. Fear & Greed Index sits at 38, signaling fear. FARTCOIN leads top gainers with a 16.56% spike, followed by Kaspa and POL. On the flip side, FIL, ICP, and Aptos are the day’s biggest losers, each dropping over 6%.