Bitcoin Reclaims $65K As Meme Coins Surge 17%, Led By Shiba Inu

Bitcoin

(BTC)
has
reclaimed
the
$65K
level
after
a
2%
pump
in
the
last
24
hours
as
the
meme
coin
market,
led
by
Shiba
Inu,
surged
17%.

Bitcoin


soared

to
a
2-month
high
to
trade
at
$65,485.14
as
of
2:34
a.m.
EST,
pushing
the
flagship
crypto’s
market
cap
to
above
$1.29
trillion.
BTC
was
buoyed
by
inflows
into
spot
Bitcoin
ETFs
(exchange-traded
funds)
that
surged
to
$365.7
million
on
Sept.
26,
the
highest
since
July
22’s
$486
million.

Risk-on
appetite
in
crypto
markets
returned
after
China
boosted
market
sentiment
earlier
in
the
week
with
a
package
of
stimulus
measures
that
included
a
rate
cut.
That
followed
a
50
basis
point
rate
reduction
by
the
Federal
Reserve
on
Sept.
18,
its
first
in
more
than
four
years. 

QCP
Capital
said
on
Sept.25
that
”the
stars
are
aligning”
for
the
global
macro
environment,
with
all
major
central
banks
except
the
Bank
of
Japan
ready
to
inject
liquidity
into
the
global
market
to
support
growth

“The
macro
space
continues
to
look
more
and
more
bullish
for
risk
assets,
including
crypto,”
it
said.
“We
know
how
explosive
crypto
prices
can
be,
and
with
so
many
bullish
catalysts,
we
think
the
next
move
higher
will
leave
many
people
surprised
and
sidelined.”

Shiba
Inu
Leads
Meme
Coins
Higher
With
A
20%
Pump

SHIB

led
gains
among
the
biggest
meme
coins
by
market
capitalization
with
a
17%
surge
in
the
last
24
hours,
pushing
the
dog-themed
token’s
price
to
$0.00001926.

Bonk
(BONK)
and
FLOKI
posted
the
second
and
third
biggest
gains,
respectively.
BONK
pumped
over
17%,
while
FLOKI’s
price
rose
more
than
16%.

Presale
meme
coins
also
are
benefitting
from
the
return
of
investors’
animal
spirits.
Layer-2
altcoin


Pepe
Unchained
(PEPU)

has
raised
over
$15.5
million
through
its
ICO,
with
more
than
$1.5
million
added
in
the
past
week
alone.

An
incredible
$15M
raised!
????

Get
warmed
up
for
the
biggest
launch
of
this
bull
season!

pic.twitter.com/EyDn4uzZ6z

—
Pepe
Unchained
(@pepe_unchained)

September
24,
2024

Crypto
All-Stars
(STARS)

is
another
presale
that’s
attracting
attention,
not
least
because
it
offers
an
annual
staking
return
of
890%.

Related
Articles: