Dogecoin Crypto Jumps 5% On Trump Deal & Fed News

Trump-linked mining deal and Wyoming stablecoin drive optimism

Dogecoin surged after Thumzup, a company tied to Donald Trump, bought Dogehash for $50 million. Dogehash is a leading DOGE mining firm, and this purchase makes it one of the biggest Dogecoin mining operations worldwide. Investors saw this as a major signal that political and institutional players are betting on Dogecoin.

At the same time, Wyoming launched the Frontier Stable Token, the first state-backed stablecoin in the United States. This move highlights how regulators are becoming more open to digital assets. For many traders, it was another sign that crypto is moving closer to mainstream adoption.

Fed comments and institutional adoption boost market sentiment

The Federal Reserve added momentum to Dogecoin’s rise. Vice Chair Michelle Bowman warned that U.S. banks could lose competitiveness if they delay adopting digital assets. Her comments were seen as a softer stance from the Fed, which gave investors more confidence.

Institutional adoption also played a role. SoFi, a major financial platform, integrated Bitcoin’s Lightning Network to make international payments faster and cheaper. Moves like this signal that big financial institutions are now actively embracing blockchain technology, which also benefits the wider crypto market, including DOGE.

Dogecoin price action, technical analysis and future outlook

During the session, DOGE traded between $0.21 and $0.22. Later in the day, it broke above $0.22 with strong trading volume, showing clear signs of institutional buying. On the technical side, analysts see strong support in the $0.21–$0.22 range. If Dogecoin can hold above this level, it may climb toward the next resistance zones at $0.225 and $0.23. Futures contracts remain steady around $3 billion, which proves leveraged traders are still active.

Looking ahead, the market will focus on whether DOGE can stay above $0.22, how investors react to the Wyoming stablecoin and Fed policies, whether whales continue to accumulate DOGE, and the long-term impact of Trump’s mining expansion on Dogecoin’s ecosystem.

Disclaimer: This article is intended solely to provide information and market insights at the time of publication. We make no promises or guarantees regarding performance, returns, or the absolute accuracy of the data. All investment decisions are the sole responsibility of the reader.