CandleFocus Bitcoin Breaks Above $64K, Trending Meme Coins Also Surge (Market Watch)
2024-10-14
Author: Content Editor
The cryptocurrency market has seen a significant increase in its total capitalization, growing by over $50 billion in the past 24 hours and reaching approximately $2.35 trillion. This growth is attributed to the rise in the price of Bitcoin and other altcoins. Bitcoin has surged above $64,000 and is currently testing the $65,000 level with bullish momentum. The derivatives market also reflects the strength of buyers, with over $180 million worth of leveraged positions, primarily from short traders. Altcoins are also experiencing gains, with SOL performing the best at over 4%, while ETH and XRP struggle to increase by 1%. In the meme coins category, coins like BRETT and MOG have seen significant price increases, with BRETT exploding by around 20% daily and MOG increasing by about 12%. Meme coins on the Base chain have performed the best, showing an overall increase of over 12% in the past 24 hours.
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