Bitcoin Reclaims $65K As Meme Coins Surge 17%, Led By Shiba Inu
Release: 2024/09/27 16:14 Reading: 883
Bitcoin Surges Past $65K, Meme Coins Soar
Bitcoin (BTC) has surged past the $65,000 mark, fueled by a 2% surge in the past 24 hours. The price increase has pushed BTC to its highest level in two months, currently trading at $65,485.14. This surge has also driven BTC's market capitalization above $1.29 trillion.
Inflows into spot Bitcoin ETFs have contributed to the positive sentiment, with inflows reaching $365.7 million on September 26th, the highest since July 22nd's $486 million.
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Market sentiment has improved after China introduced stimulus measures, including a rate cut, earlier this week. This followed a 50 basis point rate reduction by the Federal Reserve on September 18th, its first in over four years.
QCP Capital has expressed optimism about the global macro environment, stating that "the stars are aligning" for liquidity injections by major central banks to support growth. They believe this bodes well for risk assets, including cryptocurrencies.
Shiba Inu Leads Meme Coin Rally with a 20% Pump
Shiba Inu (SHIB) has led the surge among meme coins, with a 20% gain in the past 24 hours. This surge has pushed SHIB's price to $0.00001926. Other meme coins, such as Bonk (BONK) and FLOKI, have also posted significant gains.
Presale meme coins have also benefited from the renewed investor interest. Pepe Unchained (PEPU) has raised over $15.5 million through its ICO, while Crypto All-Stars (STARS) has attracted attention with its annual staking return of 890%.
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