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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Memecoins 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%)

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.