{"id":258862,"date":"2024-03-04T22:23:28","date_gmt":"2024-03-04T16:53:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=258862"},"modified":"2024-03-04T22:23:28","modified_gmt":"2024-03-04T16:53:28","slug":"memecoins-go-parabolic-as-bitcoin-crosses-66000-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/memecoins-go-parabolic-as-bitcoin-crosses-66000-crypto-news\/","title":{"rendered":"Memecoins Go Parabolic As Bitcoin Crosses $66,000 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>PEPE, BONK and WIF lead memecoin rally as ETH surges above $3,500, with Bitcoin trading just 4% away from all-time highs. <\/p>\n<div>\n<p>The crypto rally continues in full swing, with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/what-is-bitcoin\"> <!-- -->Bitcoin<\/a> surging past $66,000 just minutes after U.S. markets opened. The world\u2019s most valuable digital asset is changing hands for $66,400.<\/p>\n<p>Today\u2019s move represents a 6.5% increase on the day and a whopping 27% jump in the past two weeks. Bitcoin\u2019s market capitalization hit $1.3 trillion, topping its all-time high of $1.27 trillion on Nov. 8, 2021.<\/p>\n<p>And while Bitcoin has surpassed its previous all-time highs in Euros and British pounds, the asset is now eyeing its historic maximum in dollar terms, a mere 4% away.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" class=\"no-underline\"><\/p>\n<figure><figcaption class=\"text-center text-xs\">BTC Price<\/figcaption><\/figure>\n<p><\/a><\/p>\n<p>Fuelled by the voracious investor demand for spot Bitcoin ETFs, the momentum has been spilling over into the rest of the crypto market, although certain sectors are benefiting more.<\/p>\n<p>Just a week away from its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/ethereum-s-dencun-upgrade-scheduled-for-march-13\"> <!-- -->Dencun <\/a>upgrade, Ethereum has soared past $3,500, notching up a 3.8% gain today. A $500 billion market cap now looms on the horizon, as the network stands at $427 billion.<\/p>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.coinshares.com\/volume-172-digital-asset-fund-flows-weekly-report-6e6506a5c274\"> <!-- -->CoinShares<\/a>, Ethereum has received much interest from institutional investors. Last week, it topped $85 million in weekly inflows, the highest since July 2022.<\/p>\n<figure><img decoding=\"async\" alt=\"Weekly Flows By Asset\" loading=\"lazy\" width=\"674\" height=\"709.3175074183977\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fd29ba7acc1d04edc62237ce2508a535272327b01-674x498.jpg&amp;w=828&amp;q=100\" \/><figcaption class=\"text-center text-xs\">Weekly Flows By Asset<\/figcaption><\/figure>\n<h2>Memecoins Soar<\/h2>\n<p>Most pundits think retail isn\u2019t here, but the data indicates otherwise.<\/p>\n<p>Memecoins are popping off, with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/bonk-memecoin-just-had-the-12th-most-successful-coinbase-debut\"> <!-- -->BONK<\/a> gaining 60% on the day and now commanding a $2.5 billion market cap. It has gained 211% in the past week.<\/p>\n<p><!--$--><\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p><!--\/$--><\/p>\n<p>Meanwhile, PEPE has spiked nearly four-fold in the past seven days and is up almost 50% in the past 24 hours.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\" class=\"no-underline\"><\/p>\n<figure><img decoding=\"async\" alt=\"PEPE Price\" loading=\"lazy\" width=\"809\" height=\"579.0852904820766\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Ff3dbf4ce2c2c8961b64353267108717ee645cb1f-809x488.jpg&amp;w=828&amp;q=100\" \/><figcaption class=\"text-center text-xs\">PEPE Price<\/figcaption><\/figure>\n<p><\/a><\/p>\n<p>The more recent Solana sensation dogwifhat (WIF) has caught a renewed burst of momentum to more than triple in the past week.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/shiba-inu-implements-state-of-the-art-encryption-to-enhance-privacy-security-for-users-and-developers\"> <!-- -->Shiba Inu <\/a>trades for $0.00002869, showcasing a 33% gain on the day. According to market cap, it lands in 11th place on Coingecko with an astounding $16.2 billion.<\/p>\n<p>The market cap of the memecoin sector is up 23% today to $56 billion.<\/p>\n<p>Other big movers include <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/tag\/fantom\"> <!-- -->Fantom<\/a>, which is up 28% on the day, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/dissecting-the-memenomics-of-dogecoin\"> <!-- -->Dogecoin<\/a>, with a 20% gain, and BitTorrent with a 25% surge today.<\/p>\n<p>The biggest losers in the top 100 are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/axelar-powers-vertexs-move-towards-cross-chain-interoperability\"> <!-- -->Axelar<\/a> with a 10% drop, and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/tag\/arweave\"> <!-- -->Arweave<\/a>, which is down 7% today.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PEPE, BONK and WIF lead memecoin rally as ETH surges above $3,500, with Bitcoin trading just 4% away from all-time highs. The crypto rally continues in full swing, with Bitcoin surging past $66,000 just minutes after U.S. markets opened. The world\u2019s most valuable digital asset is changing hands for $66,400. Today\u2019s move represents a 6.5% [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":258863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-258862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/258862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=258862"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/258862\/revisions"}],"predecessor-version":[{"id":258865,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/258862\/revisions\/258865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/258863"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=258862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=258862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=258862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}