Hold onto your hats, folks! The meme coin mania is on fire, racking up jaw-dropping gains over the past 24 hours.
Bitcoin's been breaking hearts and records, shooting up to nearly $66,000 for the first time since August 1. Talk about a comeback!
Not to be outdone, the altcoins are also having a field day. ETH is flirting with $2,700, and BNB has leaped past $600, fueled by buzz that Binance’s former CEO, CZ, could be making a grand re-entrance today.
Bitcoin's been on a wild ride since last Wednesday after the US Federal Reserve decided to give everyone a break by cutting interest rates by 50 basis points. Back then, BTC was chilling below $60,000 but quickly rocketed past $64,000 by Friday. It took a breather over the weekend, only to start the new week with another sprint toward $65,000. Although it got a couple of rejections on Monday and Wednesday, dipping below $63,000 yesterday, the bulls weren't having any of it. They revved up the engines and pushed BTC beyond $65,000, almost touching $66,000—an 8-week high! This surge coincides with the growing buzz around spot Bitcoin ETFs in the US.
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BTC’s market cap has skyrocketed to $1.3 trillion, holding its dominance over altcoins steady at 53.7%.
Meanwhile, meme coins are having their moment in the sun. PEPE is leading the charge with an 18% surge, skyrocketing past $0.00001. FLOKI isn't far behind with a 16.5% hike, and Shiba Inu, though close to $0.0002, is up by 15.5%. SHIB even had a wild moment earlier, soaring over 20%.
Dogecoin is barking up the right tree with an 8% daily jump, now trading above $0.12, with some predicting it could hit $0.15. AVAX, UNI, LINK, BCH, and SOL are also riding high on this wave.
Ethereum and Binance Coin aren’t sitting this one out either, each adding 1.5% in value to trade above $2,660 and $605, respectively.
The total crypto market cap has bulked up by nearly $70 billion in just one day, comfortably sitting above $2.3 trillion. What a time to be a crypto enthusiast!
