Prices for Dogecoin and Shiba Inu have seen a huge price surge in the past few days. In just one day, both meme coins have skyrocketed by over 10%, and have now set on the path to recover lost profits from the past few months. As these increases excite investors, let’s look behind the curtains and see what is driving this price recovery.

Donald Trump goes easily in China

The crypto market crash that began in January 2025 was spurred by US President Donald Trump’s tariff war with other countries, mainly China. As the president placed tariffs on China, the country retaliated with its own tariffs on the United States, causing a full tariff war. Additionally, more than 180 countries have been hit by Trump tariffs, disrupting the market.

Related readings

But in early April, Trump announced that he would suspend tariffs in all other countries for 90 days except China. This is to give other countries time to negotiate when they come to the table. However, the president appears to be looking at China in his latest announcement.

Earlier this week, Donald Trump said in an interview with his elliptical office that China’s tariffs were not expected to be high. To put this in context, the US currently has a 145% tariff on China, and it is expected that both countries are in negotiations. According to the US President, “It’s not near that high. It’s going to drop significantly, but not zero.”

When this news was announced, the market responded very positively. For one thing, Bitcoin priced from $84,000 to $94,000, adding more than $100 billion to its market capitalization in just a few hours. This naturally scraped things like Dogecoin and Shiba Inu, causing prices to skyrocket over the same time frame.

Dogecoin and Shiba Inu prices respond

In the aftermath of Trump’s announcement, Dogecoin and Shiba Inu found a significant increase in interest from crypto investors. In DogeCoin’s daily work volume bounced over 100% on Wednesday, exceeding $2 billion. Its price rose below $0.17 in a few hours, up above $0.18, according to CoinMarketCap data.

Related readings

Similarly, Shiba Inu’s trading volume rose 88% to over $315 million on Wednesday. Like Dogecoin, Shiba Inu’s price rose by more than 10%, moving from $0.00001288 to $0.0000189 from its daily low.

With two months remaining in Trump’s 90-day freeze window, cryptocurrency prices are expected to continue to rise all the way. Naturally, Dogecoin and Shiba Inu are expected to lead Meme Coin Rally as the largest cryptocurrency of this category.

Charts on tradingView.com

BlackRock’s Spot Bitcoin ETF, IBIT, recorded a massive trading volume of today’s $4.2 billion, as Bitcoin prices surged beyond $91,000 for the first time since early March. According to Barchart data, IBIT traded an astounding 81,098,938 shares and ended the trading session at a price of $52.08.

According to Bitbo, the surge in ETF activity will take place on the same day that Bitcoin rose to $91,739. This marks the highest price level since April 8, when Bitcoin hit its lowest price of $75,603. Strong upward momentum signals, particularly from institutional investment products such as Spot ETFs, have renewed purchasing pressure in the market.

Fidelity’s Spot Bitcoin ETF, FBTC, also saw significant trading activities with a volume of $425.17 million. Meanwhile, Grayscale’s GBTC recorded $250.91 million, Ark Invest’s ETF recorded $170 million, while Bitwise’s fund traded $110 million for $120 million.

Earlier in the day, BlackRock’s IBIT reached an all-time high when measured against the NASDAQ index. This is a notable milestone that demonstrates the growth of strength in funds and Bitcoin and investor confidence.

Such mass trading days, when BTC prices are surged, often reflect a strong inflow. However, as wealth managers make them public, official figures on net inflows and outflows to today’s ETF activity will not be available until later tonight.

As Bitcoin prices continue to rise and ETF products show strong trading volumes, the market is shaped not only by investor speculation, but also by basic demand from corporate and institutional buyers. The impact of regulated financial products such as Spot ETFs is amplified by the wave of corporate adoption.

In addition to institutional benefits through ETFs, public companies are increasingly turning their eyes to Bitcoin as a reserve asset. Michael Saylor’s strategy continues to actively acquire BTC, and has recently announced the purchase of 6,556 coins. Semler Scientific also took part in this trend, reaching its holdings above 1,100 BTC and recently purchased more to raise another $500 million. GameStop is also preparing to enter the market by raising $1.5 billion for its Bitcoin financial strategy known as “Project Rocket.” These companies’ movements are injecting additional demand into the market, further contributing to the momentum of rising prices.

Together, the surge in ETF activity and the increase in corporate adoption seem to form a strong feedback loop, which will help push Bitcoin prices to new highs. Although the final inflow data for today’s ETF trading arrives late tonight, the impact of the total institutional purchases from publicly available companies and balance sheet strategies is bolstering Bitcoin’s status as both investment assets and long-term value.