Why Bitcoin, Ethereum, and Dogecoin Rallied on Friday

From Yahoo Finance: 2025-04-11 14:17:00

The crypto market is showing signs of stability with Bitcoin up 5.2%, Ethereum up 4.6%, and Dogecoin up 5.3%. Stock market gains are driven by hopes of resolving the trade war. Investors are taking on risk, despite weak consumer sentiment and high inflation expectations.

With uncertainties looming, it’s hard to predict what’s next for stocks and cryptocurrencies. Consumer sentiment is down, inflation expectations are up, and a recession may be on the horizon. The crypto market, trading 24/7, may see extreme volatility based on weekend developments.

Consider the potential impact of weakening U.S. economy on cryptocurrencies. Earnings season is approaching, with companies revealing first-quarter results and future outlooks. Rising interest rates and low consumer sentiment could trigger a recession, affecting both equities and crypto markets.

Cryptocurrencies may not be a safe haven in times of economic uncertainty. Investors should consider other stocks for potential returns. The Motley Fool Stock Advisor team offers insights on the top 10 stocks to buy now, excluding Bitcoin. Their total average return is 787%, outperforming the S&P 500.

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