Memecoins Soar as Bitcoin Price Surges Past $66,000
The bullish santiment is prevailing within the Bitcoin market as we are witnessing major price surges across the board.
Bitcoin ( BTC ) has surged by around 2.4% in the past 24 hours and is currently priced at $66,250 and has a trading volume of around $37.5 billion. This past week BTC gained 4.9% and hit a market cap of $1.3 trillion.
The 1-day technical analysis from TradingView is looking very bullish – the summary shows “buy” at 15, the moving averages point to “strong buy” at 14, while oscillators remain “neutral” at 9.
Ethereum ( ETH ) also surged by almost 2% in the past 24 hours and 4.6% on the weekly chart, and has a volume of $17.5 billion.
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Analyst Predicts Bitcoin to Break All-Time Highs by Year-End Despite Possible DipMemecoins are experiencing a major uptrend as well, with the biggest gainers today being Shiba Inu ( SHIB ), Floki Inu ( FLOKI ), Pepe ( PEPE ).
SHIB soared 23.85% in the past 24 hours and 51% during the past week, FLOKI gained 20% today and 31.3% on the weekly. chart and PEPE surged by 17.5% in the past 24 hours and over 31% this week.
During the past day $160.1 million were liquidated from the crypto market ($53.99 million in longs and $106.11 million in shorts.)
The total market cap of all cryptocurrencies reached $2.33 trillion after gaining 2.5% in the past 24 hours and the volume peaked at $88.2 billion (+17.7%)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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