Shiba Inu’s (SHIB) Price Shot Up to 3-Month High, Bitcoin (BTC) Touched $66.5K (Weekend Watch)
Release: 2024/09/28 15:54 Reading: 365
Bitcoin surged past $66,500 on Friday, marking a near two-month high, before experiencing a slight pullback.
Several altcoins, including meme coins, have also witnessed notable gains in recent days.
Bitcoin Breaks $66.5K
The week began positively for Bitcoin, which had gained momentum after the US Federal Reserve's interest rate cut on September 18. Over the weekend, Bitcoin hovered around $63,000 before surpassing $64,500 on Monday.
However, it initially failed to sustain these gains, dropping to $62,700 on Thursday. Nonetheless, the bullish momentum regained traction, culminating in yesterday's surge to $66,500, its highest level since August 1, following positive inflation data from the US.
Bitcoin has since retraced slightly, currently trading just below $66,000. However, its market capitalization remains above $1.3 trillion.
Meme Coins Shine
Meme coins have dominated the week, particularly in recent days. Shiba Inu (SHIB) has emerged as a top performer, gaining over 6% in the past 24 hours. It briefly approached $0.000022 earlier today, its highest level in over three months. SHIB is up 42% on a weekly basis.
PEPE has also seen significant gains, surging 6.5% since yesterday and 36% since last Saturday. Other meme coins with notable gains include WIF, BONK, and FLOKI.
Other Market Highlights
Ripple (XRP) and Toncoin (TON) have experienced daily gains among larger-cap altcoins. BNB, ETH, DOGE, and TRX have also gained, albeit more modestly.
The total cryptocurrency market capitalization has increased slightly since yesterday, now surpassing $2.420 trillion.
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