Rally

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-soars-to-new-heights-as-meme-coins-rally" rel="noopener noreferrer nofollow">Bitcoin Soars to New Heights as Meme Coins Rally</a><br></p>
<p style="text-align: justify">As 2023 nears its end, <a href="https://en.bitcoinhaber.net/bitcoin-advocate-samson-mow-predicts-bitcoin-could-reach-1-million" rel="noopener noreferrer nofollow">Bitcoin</a> has demonstrated a remarkable recovery after a temporary downturn following an Exchange Traded Fund (ETF) decision. The <a href="https://en.bitcoinhaber.net/crypto-market-turmoil-understanding-the-plunge" rel="noopener noreferrer nofollow">cryptocurrency</a>‘s value, which had dipped from a high of $49,000 to $38,500, swiftly rebounded. This resurgence led to a price surge culminating in a recent peak of over $64,270, albeit followed by a minor retracement.</p>
<h2 id="market-fluctuations-and-new-records">Market Fluctuations and New Records</h2>
<p style="text-align: justify">The crypto community was abuzz last week as Bitcoin’s value skyrocketed, reaching a high before settling back down to $59,500. In the days that followed, it maintained a steady range, hovering between $61,000 and $62,500, with some capital moving towards alternative cryptocurrencies (altcoins). Bitcoin’s value experienced another spike to above $64,000 and, despite subsequent fluctuations, has since hit a new yearly high of $64,300.</p>
<p style="text-align: justify">The Turkish Lira pair also saw Bitcoin surpass the 2,000,000 threshold, sparking discussions of a potential climb to $69,000 or even $100,000. When Bitcoin’s price rebounded past the $64,000 mark, the total market capitalization increased by 3.9%, reaching beyond $1.25 billion, and trading volumes soared by 62%, exceeding $35 billion.</p>
<h2 id="unexpected-movements-in-meme-cryptocurrencies">Unexpected Movements in Meme Cryptocurrencies</h2>
<p style="text-align: justify">In a surprising trend, meme coins have been making significant strides in the market. FLOKI’s value rose over 24%, attaining a market cap of more than $1.4 billion, yet its trading volume unexpectedly dropped by 14%. PEPE coin’s price surged by 67%, with its market cap approaching $3 billion. SHIB, another meme coin, saw a 31% price hike, sustaining investor enthusiasm for this category of digital assets.</p>
<p style="text-align: justify">With these dynamic changes, the cryptocurrency market continues to captivate investors, as Bitcoin and meme coins alike display impressive growth and volatility.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-soars-to-new-heights-as-meme-coins-rally" rel="noopener noreferrer nofollow">Bitcoin Soars to New Heights as Meme Coins Rally</a></h5>

Bitcoin Soars to New Heights as Meme Coins Rally

Table of Contents

BH NEWS

Other articles published on Mar 4, 2024

Cardano (ADA) Price Approaching ‘Key Resistance’: Can It Make It to $1 Before the End of Q1 2024?

Aave and BNB trailing Kelexo, lending platform setting new standards

Development of Web3 Wallet Tracker with NFTScan NFT API

Ethereum Dencun Upgrade: A Catalyst Amidst ETH ETF

Nvidia CEO Foresees Artificial General Intelligence Within 5 Years – A Game-Changer or Far-Fetche...

Bitcoin and Gold Surge as Investors Anticipate Interest Rate Cuts

Join our free newsletter for daily crypto updates!