The current market cycle of cryptocurrencies is focused on meme coins such as Bonk ($BONK ), Pepe ($PEPE ), Dogecoin (DOGE), and Peanut the Squirrel ($PNUT ). However, as Ethereum (ETH) has risen by 37.11% over the last 30 days, money is flowing back into major altcoins like Stellar (XLM) and XRP.

According to data from CoinMarketCap, Bitcoin has increased by 7.30% over the past week, by 46.53% over the past month, and by 159.57% since November 2023, trading at $98,134.12 at the time of writing. With a market capitalization of $1.94 trillion, BTC is likely to reach a price level of $100,000 by the end of the year.