Dogecoin Leads Meme Coin Rally as Bitcoin Nears $99,000

After the Thanksgiving holiday in the US, the meme coin market suddenly exploded again with Dogecoin ($DOGE ) leading the way, as Bitcoin ($BTC ) also prepares to surpass the expected $99,000 mark.

Dogecoin Breaks Out Strong

Current Price: $0.42, up 7% on the day (according to CoinGecko).30-day performance: Up 149%, thanks to support from Elon Musk and the impact of Donald Trump's election victory - a crypto-friendly candidate.Recent High: Hit $0.475 on November 25, the highest level in the past 3 years.

Meme Coin Fever Spreads

Other meme coins also surged:

Popcat (POPCAT): +12%.Bonk (BONK): +13%.Brett (BRETT) and Pepe ($PEPE ): +9%.

The rally has caused many bearish traders (shorts) to "burn out". In the past 24 hours:

DOGE: Nearly $6 million in shorts liquidated.Peanut the Squirrel (PNUT): $3.3 million in shorts liquidated.Total market liquidations: $221 million, mostly Bitcoin shorts.

Bitcoin Nears All-Time High

Current Price: Above $98,400, hit $98,685 but fell slightly since. Recent Performance: Bitcoin hit a record high of $99,645 on November 22, moving closer to $100,000 than ever.

Booming Expectations

The meme coin rally and Bitcoin’s rally have created a new wave of optimism in the market, attracting investors’ attention as expectations for $100,000 get closer. Will Bitcoin reach this milestone and lead to sustainable growth for other digital assets? Let’s wait and see!