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.

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%)