Bitcoin, Ethereum Gain, Dogecoin Flat As Trump Threatens More Tariffs After Retaliatory Action: Analyst Says 'Bull Cycle Still Intact' But Sentiment Won't Improve Until...

Bitcoin and Ethereum have shown resilience in their recent price gains, despite President Trump's tariff threats. This can be attributed to several fundamental factors that support their growth.

1. Increasing Adoption and Usage:
- Bitcoin's Lightning Network has seen significant growth, with the network capacity increasing by over 100% in the past year. This growth indicates a higher level of adoption and usage of Bitcoin for transactions (Source: [Lightning Network Statistics](https://1ml.com/statistics/lightning)).
- Ethereum's DeFi ecosystem has also grown significantly, with the total value locked in DeFi protocols increasing by over 300% in the past year. This growth suggests a higher level of adoption and usage of Ethereum for decentralized finance applications (Source: [DeFi Pulse](https://defipulse.com/)).

2. Network Activity and Development:
- Bitcoin's hash rate, a measure of the network's security and computational power, has been steadily increasing. As of March 2025, the Bitcoin hash rate is over 180 EH/s, up from around 120 EH/s in early 2024 (Source: [Bitcoin Hash Rate](https://www.blockchain.com/charts/hash-rate)).
- Ethereum's network activity has also been growing, with the number of daily transactions reaching new all-time highs in recent months. As of March 2025, Ethereum processes over 1.5 million transactions per day (Source: [Ethereum Daily Transactions](https://etherscan.io/chart/txcount)).
- Both Bitcoin and Ethereum have seen significant development activity, with a growing number of contributors and commits on their respective GitHub repositories. This indicates a healthy and active development community (Source: [Bitcoin GitHub](https://github.com/bitcoin/bitcoin), [Ethereum GitHub](https://github.com/ethereum/go-ethereum)).

3. Regulatory Clarity and Adoption:
- Bitcoin and Ethereum have benefited from increasing regulatory clarity and adoption by major financial institutions. For instance, the U.S. Securities and Exchange Commission (SEC) has approved several Bitcoin and Ethereum-based exchange-traded funds (ETFs), making it easier for institutional investors to gain exposure to these cryptocurrencies (Source: [SEC-Approved Crypto ETFs](https://www.sec.gov/Archives/edgar/data/1808691/000119312524000012/0001193125-24-000012-index.htm)).
- Major financial institutions, such as fidelity and goldman sachs, have also shown increased interest in Bitcoin and Ethereum, offering crypto-related products and services to their clients (Source: [Fidelity Bitcoin Fund](https://www.fidelity.com/learning-center/investment-products/bitcoin-fund), [Goldman Sachs Bitcoin Trading](https://www.goldmansachs.com/our-thinking/financial-markets/bitcoin-trading/)).

Dogecoin's flat performance can be attributed to several specific factors:

1. Market Sentiment: The overall crypto market sentiment has been bearish, with many coins experiencing price declines. Dogecoin, being a meme coin, is not immune to these market-wide trends.
2. Lack of Major Announcements: Unlike other cryptocurrencies, Dogecoin has not had any significant announcements or partnerships recently that could drive its price up. Major announcements can often boost a coin's price due to increased interest and investment.
3. Elon Musk's Silence: Elon Musk, a prominent Dogecoin supporter, has been relatively quiet about the coin recently. His tweets and endorsements have historically had a significant impact on Dogecoin's price. A lack of his support could be contributing to Dogecoin's flat performance.
4. Regulatory Uncertainty: The crypto market as a whole is facing regulatory uncertainty, with many governments considering or implementing stricter regulations. This uncertainty can deter investors from putting their money into the market, leading to flat or declining prices.
5. Competition from Other Meme Coins: Other meme coins like Shiba Inu (SHIB) and Floki Inu (FLOKI) have gained popularity and market share, potentially drawing investment away from Dogecoin.

To change Dogecoin's flat performance in the near future, the following factors could play a role:

1. Positive Market Sentiment: A shift in market sentiment towards bullishness could drive up Dogecoin's price, as it would for other cryptocurrencies.
2. Major Announcements or Partnerships: If Dogecoin can secure significant partnerships or announcements, it could attract new investors and drive up its price.
3. Elon Musk's Endorsement: If Elon Musk were to tweet about Dogecoin or endorse it again, it could spark a rally in its price.
4. Regulatory Clarity: If regulatory uncertainty decreases, investors may feel more comfortable putting their money into the crypto market, potentially driving up Dogecoin's price.
5. Dogecoin's Unique Features: If Dogecoin can differentiate itself from other meme coins and highlight its unique features, it could attract more investors and drive up its price.

Analysts assess the overall crypto market sentiment by considering various factors, including geopolitical events, market trends, and investor behavior. Given the current geopolitical climate, analysts are paying close attention to the impact of President Trump's tariffs on global markets and their potential influence on crypto prices.

One key indicator of market sentiment is the performance of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). For instance, BTC and ETH have both experienced significant price drops following Trump's tariff announcement, suggesting a bearish sentiment in the crypto market. However, it is essential to note that these price movements could also be influenced by other factors, such as market cycles and regulatory developments.

Another crucial aspect of market sentiment analysis is the trading volume and market capitalization of cryptocurrencies. A high trading volume and market capitalization can indicate strong investor interest and bullish sentiment, while low trading volume and market capitalization may suggest a lack of interest or bearish sentiment. In the context of Trump's tariffs, a decrease in trading volume and market capitalization could signal that investors are becoming more risk-averse and pulling back from the crypto market.

Analysts also consider the performance of altcoins relative to BTC and ETH. If altcoins are underperforming compared to BTC and ETH, it may indicate a risk-off environment, where investors are seeking safer assets. Conversely, if altcoins are outperforming BTC and ETH, it could suggest a risk-on environment, where investors are more willing to take on riskier assets.

In addition to market trends, analysts also consider geopolitical events and their potential impact on the crypto market. For example, the ongoing trade tensions between the U.S. and its major trading partners could lead to increased market volatility and uncertainty, which may affect crypto prices. Analysts may also consider the potential impact of regulatory developments, such as new crypto regulations or changes in monetary policy, on the crypto market.

To validate their assessments, analysts may use various tools and techniques, such as technical analysis, fundamental analysis, and sentiment analysis. Technical analysis involves studying historical price and volume data to identify patterns and trends, while fundamental analysis focuses on the underlying economic and financial factors that may influence crypto prices. Sentiment analysis, on the other hand, involves assessing the overall market sentiment by analyzing social media, news articles, and other sources of information.

In conclusion, analysts assess the overall crypto market sentiment by considering various factors, including geopolitical events, market trends, and investor behavior. By analyzing these factors and using relevant data and examples from the materials, analysts can make more informed assessments of the crypto market sentiment and its potential impact on crypto prices.