Meme Coins See Major Daily Gains as Bitcoin Holds Steady Above $67K

Bitcoin experienced a strong price surge, reaching a multi-month high of nearly $68,500 yesterday, although it has since pulled back slightly to remain above $67,000.

Bitcoin's Upward Trajectory

It has been a positive week for Bitcoin. Just seven days ago, the market was under pressure, with BTC dropping to a multi-week low of below $59,000. However, bullish momentum took hold, and the price quickly rebounded, climbing to around $63,000 over the weekend. The week began on an optimistic note, with Bitcoin approaching $68,000 on Tuesday.

After a sharp $3,000 correction, Bitcoin rallied again, hitting a peak of $68,450 on Bitstamp, marking its highest level since late July. Despite the influx of funds into spot BTC ETFs, it struggled to maintain this momentum and is now trading just over $67,000. Bitcoin’s market cap stands at approximately $1.33 trillion, with its dominance over alternative coins at a multi-year high of 55% on CoinGecko and 59% on other platforms.

Meme Coins on the Rise

While larger-cap altcoins have shown minimal movement, with ETH, BNB, SOL, DOGE, TRX, and TON recording either small gains or negligible losses, Ripple’s XRP has seen a notable increase of 2.4%, now trading above $0.55.

Among the top performers in the largest 100 altcoins, meme coins are leading the charge. BONK has surged 7% to nearly $0.000024, while NEIRO has risen 5.5% to $0.00199. Other notable mentions include SUI, POPCAT, and XLM.

The total cryptocurrency market cap remains relatively stable at around $2.42 trillion, consistent with yesterday’s figures.