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Dogecoin Jumps 10% as Bitcoin Eyes $104K—Meme Coins Ride the Risk-On Wave

Dogecoin Jumps 10% as Bitcoin Eyes $104K—Meme Coins Ride the Risk-On Wave

Author:
CoindeskEN
Published:
2025-05-10 09:47:33
10
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Dogecoin Surges 10%, Bitcoin Nears $104K Amid Renewed ‘Risk-on’ Sentiment

Speculative assets roar back as traders ditch caution—Dogecoin leads the charge with double-digit gains while Bitcoin flirts with six figures. Wall Street analysts mutter about ’irrational exuberance’ between sips of their $8 artisanal lattes.

### The Meme Factor Strikes Again

DOGE’s surge mirrors the 2021 frenzy, proving internet jokes still move markets faster than Fed policy. Meanwhile, BTC’s steady climb suggests institutional money hasn’t entirely bailed—yet.

### Liquidity Tsunami or Greater Fool Theory?

With leverage ratios spiking and stablecoin inflows hitting 2025 highs, this rally’s either a liquidity-driven breakout or another masterpiece in financial delusion. Place your bets.

|Square

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