The memecoin market is buzzing with action as PEPE, SHIB, and FLOKI ride the wave, following Bitcoinâs powerful surge past the $65,000 mark!
âą BITCOIN BREAKS THROUGH:
According to CoinGecko, Bitcoin (BTC) shot up from $63,680 to hit a high of $65,743 before stabilizing at $65,328. With Bitcoin now up over 23% from its monthly low, the stage seems set for a potential run towards its all-time high of $73,737.
âą WHATâS DRIVING BITCOIN'S BULLISH CASE? The Federal Reserve's recent 50 basis point interest rate cut is a major tailwind, with 66% of Polymarket traders betting on Bitcoin hitting new heights this year. The Fear Greed Index is in "Greed" territory at 61, reflecting growing investor appetite. On top of this, spot Bitcoin ETFs are drawing in huge inflows, topping $600 million in the last four days, signaling strong institutional interest. Bitcoin balances on exchanges have dropped to 2.34 million, showing more holders are moving coins into self-custody.
âą MEMECOINS TAKE OFF!
Memecoins are stealing the spotlight, with market capitalization rocketing 16.5% to $54.9 billion. PEPE led the charge, soaring by 16.7% to $0.0000104, reclaiming levels from early August. SHIB and FLOKI werenât far behind, posting gains of 16.3% and 15.4%, respectively. Itâs clear: as Bitcoin shines, itâs pulling memecoins up with it.
Bitcoinâs rally is injecting fresh energy into the crypto market, and the memecoins are feeling the heat! Will they keep flying high, or is this just the beginning of an even bigger surge?
Stay tuned!đ
#FLOKISKYROCKET #PepeCoinToTheMoon #SHIBAUSDT #Write2Earn! #Memecoinsđ€đ€
