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It seems like a repeat these days, but Bitcoin’s bull run continues as the asset soared to a new 26-month peak of $64,000 before it faced a real rollercoaster.
Many altcoins have turned green as well, with $SOL shooting up by 18%, and the total crypto market cap has neared $2.5 trillion for the first time in over two years.
$BTC’s Run Endures
What more can we say about the ongoing price surge for Bitcoin? The asset had stalled at around $51,000 during the weekend after a few unsuccessful attempts to overcome $52,000.
However, Monday began with a bang, and the cryptocurrency spiked by more than two grand in minutes. Another leg-up followed, and then one more that pushed $BTC to $57,000 by the end of the day and on Tuesday.
It didn’t take long before the bulls pressed the gas pedal once again and propelled another surge that drove $BTC to $60,000. While that line was a bit harder to reclaim, Bitcoin did so yesterday and soared all the way to $64,000 for the first time since late 2021.
A violent rejection followed that brought it down to $59,000 in minutes before the bulls stepped up once again and recovered most losses. As of now, the cryptocurrency stands above $62,000, and its market capitalization has increased to $1.240 trillion, placing it among the top ten largest financial assets.
Its dominance over the altcoins has also been on the rise lately, gaining nearly 3% in less than a week.
Meme Coins Explode
The alternative coins have also followed $BTC on the way up, with some more than others. Solana, Avalanche, and Toncoin have emerged as the top non-meme coin gainers from the larger-cap alts. $SOL has reclaimed the $130 level after an 18% surge, while AVAX is well above $43 following a 10% increase. TON sits at $2.6 after gaining 21% on the day.
However, today belongs to the meme coins, with the two-largest skyrocketing by around 28-30%. DOGE has soared past $0.12, while SHIB is up to $0.000014.
You can check other meme coins that charted impressive gains and even ATHs here.
The total crypto market cap has gained another 8% overnight and now sits close to $2.5 trillion for the first time in over two years.
