Bitcoin Surges Beyond $65K; Shiba Inu and Dogecoin Up 25% Daily

The meme coins are making a comeback, showing remarkable daily gains. Bitcoin stayed steady over the weekend, hovering around $62,000. However, the bulls took charge on Monday, propelling its price to a new high of over $65,000.

Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On CryptosHeadlinesToken.com

Meanwhile, Dogecoin and Shiba Inu also saw significant increases. Among them, Pepe, another meme coin, stood out with an impressive surge, outperforming even the larger-cap altcoins.

Bitcoin’s Rollercoaster Ride

Last Monday kicked off similarly to this week, witnessing Bitcoin’s surge from around $51,000 to $55,000, which continued into the late US trading hours. Tuesday and Wednesday followed with even more gains, culminating in a peak of $64,000, the highest since late 2021.

February closed with Bitcoin experiencing its largest monthly gain in history, despite a brief retracement during the week. The following days, including the weekend, were relatively stable, with Bitcoin hovering around $62,000.

However, the bulls returned with vigor on Monday. Within hours, they drove Bitcoin to a new multi-year high of over $65,000, just $4,000 shy of its 2021 all-time high of $69,000.

BTCUSD. Source: TradingView

Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On CryptosHeadlinesToken.com

Currently, the asset is just above that line once more, with its market cap approaching $1.3 trillion. Its dominance over other cryptocurrencies has risen by 0.5% in a single day and now sits above 50% on CoinGecko.

Meme Coins Dominate the Crypto Scene

The recent days have been all about meme coins, and this trend continues. Pepe steals the spotlight again with a whopping 65% surge, pushing it into the top 50 largest cryptocurrencies and hitting a new all-time high.

BONK follows closely with a 50% increase, reaching a price of $0.000035. Among the big players, Dogecoin and Shiba Inu have seen gains of 25% and 30% respectively, bringing SHIB closer to potentially surpassing DOGE as the leading meme coin.

Not to be left behind, Cardano and Polkadot have recorded impressive gains of around 8-10% overnight. While other larger-cap altcoins are also in the green, their increases are more modest.

Cryptocurrency Market Overview. Source: Quantify Crypto

The total crypto market cap has surged by over $100 billion overnight, reaching $2.550 trillion on CMC.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Join Cryptos Headlines Community

Follow Cryptos Headlines on Google News