#12周年庆典：齐享百万豪礼 Why did DOGE and Shiba Inu coin prices increase by 10%?

The value of DOGE and Shiba Inu coins has soared in recent days. These two meme currencies have risen by over 10% in a single day, recovering losses from the past few months. As these gains have made investors happy, let's take a look at the reasons behind this price rebound.
Trump's relaxed relationship with China
The collapse of the cryptocurrency market in January 2025 was due to the sudden trade conflict between U.S. President Donald Trump and other countries, particularly China. After the president imposed tariffs on China, China responded by imposing tariffs on the U.S., initiating a trade war. Trump's tariffs affected over 180 countries, causing market turmoil.
Trump stated in early April that he would delay tariffs on all other countries for 90 days, except for China. This leaves room for more dialogue with other countries. According to the latest statement, the president seems to have a positive attitude towards China.
In this week's Oval Office interview, Donald Trump stated that China's tariffs will not be very high. The U.S. tariffs on China are at 145%, and both governments may negotiate. The U.S. president said, "It won't be anywhere near that high. It will come down significantly, but it won't go to zero."
The market reacted positively to this news. The price of Bitcoin rose from $84,000 to $94,000 within a few hours, adding $100 billion to its market value. This increase simultaneously boosted the prices of DOGE and Shiba Inu.
Shiba Inu coin and DOGE price changes
After Trump's statement, crypto investors flocked to DOGE and Shiba Inu. The daily trading volume of DOGE surged by 100% on Wednesday, reaching $2 billion. CoinMarketCap reported that the price rose from $0.17 to $0.18 within a few hours.
On Wednesday, the trading volume of Shiba Inu surged by 88%, reaching $315 million, one of the highest levels in April. Shiba Inu rose over 10% from its daily low of $0.00001288 to $0.0000189, just like DOGE.