XRP & DOGE Surge As U.S. Shutdown, Japan Yields Spike

Global backdrop for crypto markets

The cryptocurrency market is at the center of attention as major political and economic shocks reshape investor sentiment. The U.S. government shutdown has delayed critical data releases, leaving investors uncertain about fiscal outlooks. Meanwhile, Japan’s bond yields have surged to their highest since 2008, signaling inflationary pressure and the possibility of monetary policy shifts by the Bank of Japan.

XRP and DOGE leading the rally

While traditional markets struggle, XRP and DOGE have shown remarkable strength. XRP traded steadily around $2.97, hovering near the $3.00 level. DOGE surged nearly 9%, making it one of the top-performing large-cap coins. Bitcoin and Ethereum also gained, pushing total crypto market capitalization above $2.37 trillion.

Main drivers behind the surge

The rally in XRP and DOGE highlights expectations that central banks will eventually loosen policies. In the U.S., the government shutdown creates fiscal risks that may require stimulus. In Japan, yields at multi-year highs suggest that current tightening measures may not last. This has encouraged investors to rotate into crypto, viewing it as a hedge and alternative asset amid global uncertainty.

Risks and challenges

Despite the upward momentum, risks remain on the horizon. Bitcoin is consolidating just below $119,000, and a failure to break through could trigger profit-taking. DOGE has surpassed resistance at $0.255 but must sustain this level to aim for $0.32. Sudden policy shifts from Washington or Tokyo could also reverse the current rally at any time.

Outlook ahead

In the weeks ahead, investors will closely monitor U.S. economic data once the shutdown ends, as well as Japan’s policy stance. If traditional markets continue to weaken, crypto may attract stronger inflows. However, any renewed tightening or geopolitical shocks could put pressure on the market’s recent gains.

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.