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Bitcoin

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<p class="is-style-lead"><br><br>Bitcoin surged past its March ATH to over $89K, sparking trader interest in altcoins like Pepe Unchained, Dogecoin, AIOZ, and Crypto All-Stars</p> 
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   <li><a href="#bitcoins-new-high-and-100-k-in-reach">Bitcoin’s new high and $100k in reach&nbsp;</a></li>
   <li><a href="#low-funding-rates-and-diminishing-exchange-supply">Low funding rates and diminishing exchange supply</a></li>
   <li><a href="#investors-moving-into-altcoins-following-btc-rally">Investors moving into altcoins following BTC rally</a></li>
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<p>What happened after <a href="https://crypto.news/price/bitcoin/" target="_blank">Bitcoin</a> broke its March all-time high (ATH) last week shocked everyone – it has continued to surge and now trades above $89K.</p> 
<p>But as Bitcoin teeters on the revered $90K mark, traders are pouring funds into altcoins such as Pepe Unchained, <a href="https://crypto.news/price/dogecoin/" target="_blank">Dogecoin</a>, AIOZ Network, and Crypto All-Stars to maximize their gains.</p> 
<h2 class="wp-block-heading" id="bitcoins-new-high-and-100-k-in-reach"><strong>Bitcoin’s new high and $100k in reach&nbsp;</strong></h2> 
<p>Every sell-off has been eagerly absorbed by Bitcoin bulls who’ve been waiting for this opportunity for months.</p> 
<p>After creating an ATH in March, Bitcoin and other cryptos underwent an extended downtrend, which lasted until September.</p> 
<p>But after bouncing from just above $50K, Bitcoin is now trading at $89K for the first time in history.</p> 
<p>Yet, traders are looking much further ahead, even at the $100K mark and beyond.</p> 
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   <p lang="en" dir="ltr">What if $100k <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank">$BTC</a> is like the $10k level in 2017, everyone expected it to be a huge resistance, but it smashed through and went straight to $20k… <a rel="" href="https://t.co/S5heD6JPyj" target="_blank">pic.twitter.com/S5heD6JPyj</a></p>— Rendoshi Tokamoto 암호화폐 ⭕️ (@Rendoshi1) <a href="https://twitter.com/Rendoshi1/status/1856236500301533364?ref_src=twsrc%5Etfw" target="_blank">November 12, 2024</a>
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<p>The hype is real for Bitcoin right now.</p> 
<h2 class="wp-block-heading" id="low-funding-rates-and-diminishing-exchange-supply"><strong>Low funding rates and diminishing exchange supply</strong></h2> 
<p>It’s not fueled by euphoria, either. Traders are taking long-term bets.</p> 
<p>Coinglass data indicates that the recent ascent is enabled by spot buys rather than leveraged futures contracts, which makes it more well-equipped for a longer-term rally.</p> 
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<p>At the same time, the amount of Bitcoin held on exchanges is at an all-time low.</p> 
<p>This shows investors are moving BTC off exchanges, which means they’re holding it long-term and don’t plan on selling – the bedrock for an uptrend continuation.</p> 
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<p>At the same time, Coinbase’s ranking is rising in Apple’s App Store, showing that new buyers are entering the market quickly.&nbsp;</p> 
<p>Bitcoin demand is growing, and it’s only getting stronger with the addition of new market participants.</p> 
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   <p lang="en" dir="ltr">BREAKING: <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" target="_blank">@coinbase</a> CATAPULTS TO 21ST PLACE IN IOS <a href="https://twitter.com/AppStore?ref_src=twsrc%5Etfw" target="_blank">@AppStore</a> RANKING <a rel="" href="https://t.co/gwcPxb4UaG" target="_blank">pic.twitter.com/gwcPxb4UaG</a></p>— DEGEN NEWS (@DegenerateNews) <a href="https://twitter.com/DegenerateNews/status/1856248653960151466?ref_src=twsrc%5Etfw" target="_blank">November 12, 2024</a>
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<p>Many alts have yet to explode on BTC’s rally, but the first movers tell us a lot about the current market landscape.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/memecoin-prices-soar-as-crypto-all-stars-hits-2m-in-presale/"> Memecoin prices soar as Crypto All-Stars hits $2m in presale </a> </p> 
<h2 class="wp-block-heading" id="investors-moving-into-altcoins-following-btc-rally"><strong>Investors moving into altcoins following BTC rally</strong></h2> 
<p>New meme coin Ethereum layer 2 blockchain <a href="https://crypto-news.care/b_pepeunchained-en_97815?referrer=bitcoin-pumps-another-10-to-break-$89000-traders-are-now-buying-these-altcoins-for-the-bull-cycle" target="_blank">Pepe Unchained</a> is seeing unprecedented presale growth, having just surpassed the $27 million total raised milestone.&nbsp;</p> 
<p>They’re building a layer 2 for joke tokens with 100x faster speeds and lower than the Ethereum main network.</p> 
<p>It’ll also have features like a meme coin launchpad, a staking mechanism, a block explorer, a dedicated Ethereum bridge etc.</p> 
<p>Experts such as Jacob Bury are speculating that this could rise in price by up to 100x after the presale.</p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="PEPE UNCHAINED NEW 100X POTENTIAL MEME COIN (LIVE SOON!!!)" width="1020" height="574" src="https://www.youtube.com/embed/aNielPtfN4Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
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<p>Among the mid-to-large caps, Dogecoin and AIOZ Network are two of the biggest gainers today, pumping 45% and 39%, respectively.</p> 
<p>DOGE is the world’s largest meme coin, and AIOZ is an AI coin.</p> 
<p>This reflects the trend of meme and AI coins taking center stage in 2024, and it doesn’t look like it will slow down.</p> 
<p>And returning to the presale tokens, <a href="https://crypto-news.care/b_cryptoas-en_111545?referrer=bitcoin-pumps-another-10-to-break-$89000-traders-are-now-buying-these-altcoins-for-the-bull-cycle" target="_blank">Crypto All-Stars</a> is seeing success with its total raise eclipsing $3.4 million.</p> 
<p>They’re building a staking app for meme coins, allowing users to generate passive revenue on Dogecoin, Shiba Inu, and more.</p> 
<p>Given Dogecoin’s 45% rally, it’s no surprise STARS is doing well today.</p> 
<p>The project is drawing the attention of top media outlets such as Cryptonews.</p> 
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 <div class="wp-block-embed__wrapper"> <iframe title="HOW TO MAKE PASSIVE INCOME WITH YOUR MEMECOINS!! CRYPTO ALL STARS" width="1020" height="574" src="https://www.youtube.com/embed/CafmlQFH9OQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
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<p>All of this shows that as Bitcoin continues to break records, it’s the meme coin and AI narratives making the most gains.</p> 
<p> Read more: <a rel="" href="https://crypto.news/as-dogecoin-pepe-soar-expert-says-pepe-unchained-could-be-next-100x-meme-coin/"> ​​As Dogecoin, Pepe soar, expert says Pepe Unchained could be next 100x meme coin </a> </p> 
<p> Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. </p>

Bitcoin pumps 10% to break $89K; traders now buying these altcoins for the bull cycle

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