Altcoins Go Wild as Bitcoin Breaks $66,000

Altcoins went wild in the past 24 hours after Bitcoin (BTC) reclaimed the $66,000 price level and set its sights on $70,000. A few of the biggest gainers were: Bonk (BONK), Shiba Inu (SHIB), Optimism (OP), Notcoin (NOT), and Pepe (PEPE).

CoinMarketCap data showed Bitcoin up by more than 1% in the past 24 hours and now trading around $66,000 with a 18.78% blip in trading volume. After a 4.93% surge in the past seven days, Bitcoin’s market cap is now $1.3 trillion; a 56.20% dominance.

Big Moves from OP, MKR, and More

OP skyrocketed 5.39% and is priced at $1.89 at the time of writing with a 19.01% jump in trading volume. Also, Maker (MKR) is up 4.43% to $1,707.78 while JasmyCoin (JASMY) surged 6.95% to $0.02495. Lido DAO rose 6.69% to $1.37 and Notcoin (NOT) is trading at $0.009595, up by 10.10% in the past 24 hours.

Looking at AI-focused cryptos, Internet Computer (ICP) rose 4.67% to $9.92 while Render (RNDR) gained 3.77% to $6.66.

Not to Be Outdone: Meme Coins Rebound

The total market capitalization of the meme coin sector rose 7.9% and stands at $56.992 billion with a trading volume of $12.1 billion.

Shiba Inu (SHIB), the second-largest meme coin in the crypto market, rose 8.13% to $0.00002059. BONK rose 6.58% in the past 24 hours and is trading at $0.00002354 at the time of writing.

SATS (1000 SATS) surged 6.13% and is priced at $0.0003612. Meanwhile, PEPE’s price jumped 16.24% to $0.00001131 and FLOKI (FLOKI) rose 4.89% to $0.0001696.

Read also: Altcoins Take Center Stage With Significant Price Rises

The altcoin sector rallied after Bitcoin broke above $64,000, overcoming FUD surrounding the German government’s BTC sale and the Mt. Gox repayment plan. The Greed and Fear Index also improved to 57 at the time of publication.