Categories: Bitcoin

Bitcoin surges past $65,000 and sparks rally in Solana meme coins


Key Takeaways

  • Bitcoin nearly reached $66,000 today, marking a significant price movement.
  • Solana’s meme coins experienced substantial growth, with PressDog and Cafe leading the surge.

Share this article

Bitcoin (BTC) nearly touched the $66,000 price level today after leaping almost 4% in six hours, according to data aggregator CoinGecko. Notably, BTC must perform a daily close above $65,000 to reclaim its path toward $71,500, according to the trader identified as Rekt Capital. 

https://twitter.com/rektcapital/status/1814308531211735410?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer

The trader added that every time Bitcoin managed to break the $65,000 price level in this cycle, it visited the lower area of the $70,000 price zone. At the time of writing, BTC seems to have found some ground above the $65,000 area.

The feat is impressive considering the incident that hit the whole world today. Cybersecurity company CrowdStrike released a new update on their antivirus software used by major companies that prompted errors on Microsoft Windows devices. As a result, travel, banking, and healthcare services suffered outages.

Despite Bitcoin’s significant performance, Solana (SOL) stole the spotlight by jumping nearly 7% in the past 24 hours. SOL inched closer to the $170 price level but ran out of steam when it touched $169.

Moreover, SOL’s price upward movement pushed its meme coin ecosystem, which went up 12.4% on average and became the crypto sector with the second-largest growth in the past 24 hours. Notable movements were registered by the newly launched PressDog (PRESS) and Cafe (CAFE), which shot up by 170.5% and 163.4%, respectively. The established Retardio (RETARDIO) also made decent strides with a 38.6% price increase.

Share this article



Source link

CryptoCanada

Share
Published by
CryptoCanada

Recent Posts

Pakistan and El Salvador Share Notes

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Pakistan has…

2 days ago

Tether’s USDT Breaks New Ground With $160 Billion Amid Surging Crypto Market Activity

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Most of…

2 days ago

GENIUS Act clears House vote, stablecoin law could pass this week

The landmark stablecoin legislation, the GENIUS Act, could be on Trump’s desk by the end…

3 days ago

Upbit Listing Sparks Huge Gains for 4 Altcoins

Upbit, South Korea’s largest cryptocurrency exchange by trading volume, has announced the listing of four…

4 days ago

Federal Reserve, FDIC and OCC clarify crypto custody rules for banks

U.S. banking regulators have issued a statement clarifying the rules around cryptocurrency safekeeping, or custody,…

5 days ago

Coinbase Denies Bombshell Claim it Fueled Trump-Binance Hit Piece

Tensions in the crypto sector escalated over the weekend following allegations that Coinbase was the…

5 days ago