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Deythere > News > News > Musk Makes Peace With Trump: Dogecoin Pops as Ethereum Hits 4-Month High
NewsCrypto

Musk Makes Peace With Trump: Dogecoin Pops as Ethereum Hits 4-Month High

Musk Trump crypto
Jonathan Swift
Last updated: June 12, 2025 8:50 am
By
Jonathan Swift
Published June 12, 2025
7 Min Read
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Crypto markets ignite as Musk-Trump tensions ease, in a surprising political and cultural twist, Elon Musk issued a public apology to Donald Trump, easing tensions between two of the most influential figures in crypto-adjacent circles. The détente didn’t just make headlines, it moved markets.

Contents
Musk’s Tweet Sends Dogecoin SoaringEthereum Gains Ground as ETF Inflows ReturnETFs and Institutional Signals Power the RallyMarket SnapshotTechnical OutlookDogecoinEthereumFrom Meme to Market-Mover: Dogecoin’s Maturing NarrativeWhat’s Next?ConclusionFAQsWhy did Dogecoin pump recently?What’s driving Ethereum’s rally?Could DOGE get an ETF, too? Glossary of Key TermsSources and References

The biggest winner? Dogecoin (DOGE), which surged over 6.3%, reclaiming the $0.20 level with conviction. Ethereum (ETH) also jumped 2.3%, breaking past $2,880 and marking a new 4-month high. The convergence of political signals, technical setups, and ETF speculation created a bullish storm across digital assets.

Musk’s Tweet Sends Dogecoin Soaring

Elon Musk posted:

“I regret some of my posts about President @realDonaldTrump… they went too far.”

This statement marked a 180-degree turn from recent passive-aggressive social media exchanges and direct critiques of SpaceX and federal contracts. With Trump expected to potentially return to office, Musk’s move may be strategic, but it had clear market consequences.

Dogecoin surged 6.3% to $0.20, with trading volume skyrocketing 827% in 24 hours, according to Decrypt and CryptoQuant. Bloomberg analysts now estimate an 80% likelihood that a DOGE-based ETF proposal could surface before Q4 2025, driven by growing institutional curiosity.

DOGE’s price had previously tumbled 12.5% during the height of Musk-Trump tension. The rapid rebound signals renewed investor faith in Musk’s influence and DOGE’s institutional potential.

Ethereum Gains Ground as ETF Inflows Return

Meanwhile, Ethereum (ETH) continues its own rally, up 2.3% to $2,880, notching its highest price since February 2025.

This climb is underpinned by:

  • Over $125 million in ETF inflows this week alone.

  • ETH is breaking above both its 10-day and 50-day EMAs.

  • Technical momentum, with RSI hitting 68 and ADX reaching 24, suggests a strong bullish trend.

Analysts at CoinShares and FXEmpire noted that Ethereum’s breakout above $2,850 clears a significant psychological and technical resistance level. If momentum continues, ETH may retest $3,000 in the coming week.

DOGE ETF speculation Dogecoin price surge

ETFs and Institutional Signals Power the Rally

Both DOGE and ETH are now being closely watched by institutional investors. In the case of Ethereum, existing spot ETF inflows reflect a maturing market structure. For Dogecoin, Bloomberg’s ETF analysts now suggest an “emerging path” for DOGE ETFs, fueled by rising demand, regulatory clarity, and improved market fundamentals.

The crypto market’s reaction shows that:

  • Narratives matter—Musk’s political tone shift triggered real market moves.

  • ETFs remain a dominant force—both assets are tracking institutional attention closely.

  • Altcoins are evolving—Dogecoin is no longer just a meme; it’s a market-moving instrument.

Market Snapshot

AssetPrice24H Change7D TrendKey Driver
DOGE$0.20+6.3%↑ ReversalMusk apology, ETF speculation
ETH$2,880+2.3%↑ BullishETF inflows, technical breakout
VolumeDOGE: +827%––Institutional buying

Technical Outlook

Dogecoin

  • Support: $0.186

  • Resistance: $0.214

  • Trend: Bullish breakout; watching for sustained close above $0.20.

Ethereum

  • Support: $2,720

  • Resistance: $2,950

  • Momentum: Strong, with potential to retest $3,000 this week.

From Meme to Market-Mover: Dogecoin’s Maturing Narrative

The convergence of political influence, institutional interest, and technical breakthroughs underscores the evolving nature of the crypto market. Dogecoin, once dismissed as a meme-driven novelty, is increasingly viewed through the lens of mainstream investability.

Ethereum ETF inflows

Elon Musk’s sway over DOGE remains undeniable—but what’s changed is the market’s readiness to translate social signals into serious capital movement, as evidenced by the 827% spike in DOGE trading volume. Meanwhile, Ethereum’s strength reflects growing investor confidence in its role as an institutional asset, bolstered by $125 million in ETF inflows and consistent bullish chart setups.

These developments are not isolated events—they’re signals of a maturing altcoin landscape, where volatility is increasingly driven by macro narratives and regulated financial vehicles.

What’s Next?

  • Watch Musk and Trump’s social media activity—it has a growing correlation to DOGE volatility.

  • Monitor ETF filings—DOGE and Ethereum may both benefit from the SEC’s next moves.

  • Track institutional flow data—especially from Grayscale, BlackRock, and Bitwise, which have shown interest in altcoin exposure.

Conclusion

Dogecoin’s explosive move and Ethereum’s steady ascent both point to a broader shift in crypto dynamics—where politics, personalities, and ETFs now shape market direction as much as technology or adoption. The Musk-Trump détente may have cooled one fire, but it ignited another: renewed investor enthusiasm.

As ETF speculation grows and altcoins evolve into credible financial instruments, one thing is clear—the next crypto bull cycle won’t be fueled by hype alone, but by strategic capital, regulatory momentum, and well-timed narratives.

FAQs

Why did Dogecoin pump recently?

Elon Musk apologized to Trump, easing political tension. This restored bullish sentiment around DOGE.

What’s driving Ethereum’s rally?

Rising ETF inflows and technical momentum have pushed ETH to a 4-month high.

Could DOGE get an ETF, too?

Yes, analysts estimate an 80% chance of a DOGE ETF being proposed in late 2025.

 Glossary of Key Terms

DOGE ETF – A proposed exchange-traded fund that would track the value of Dogecoin for institutional investors.

RSI (Relative Strength Index) – A momentum indicator that shows if an asset is overbought or oversold.

ADX (Average Directional Index) – Measures the strength of a trend; values above 20 indicate directional strength.

EMA (Exponential Moving Average) – A technical indicator used to smooth price data and identify trend direction.

Institutional Flow – The movement of capital from large investment firms into specific assets or markets.

Sources and References

coindesk.com

ainvest.com

decrypt.co

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TAGGED:DOGE ETF speculationDogecoin price surgeEthereum ETF InflowsMusk Trump crypto

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ByJonathan Swift
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A crypto journalist with an understanding of blockchain technology. Skilled in simplifying complex topics for diverse audiences, from beginners to experts. Because I believe in words as they are the children of mind.
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