Cryptocurrency is one of the fastest growing online investments of the year and is currently a major focus of many investors. Bitcoin started to inch closer to the $30,000 line in the past 24 hours, and the bullish sentiment caused other altcoins such as Ethereum and Uniswap to surge as well. PEPE and Floki Inu caused the greatest stir after indubitably skyrocketed in price with double and even triple-digit daily increases.

The week started with a dip in Bitcoin when it went from a multi-day low of $27,650 to around $28,000 in just hours. This drop was preceded by a Federal Open Market Committee meeting in which there was another interest hike of 25bps, which could be the last one, though the news seemed to have no overall effect on Bitcoin for the moment. Afterwards there was a new jump in price which moved Bitcoin just feet away from the $30,000 mark. This caused Ethereum to climb to nearly $2,000 and Uniswap to hit $5.5, while total crypto market cap reclaimed the $1.2 trillion line after gaining around $20 billion daily.

The spotlight of the week clearly belongs to PEPE and Floki Inu, two memecoins that have risen in popularity and price unexpectedly after listing in Binance's innovation zone. The price of PEPE was propelled to the top 50 digital assets by market cap, and Floki Inu skyrocketed to around $0.00005 and ranked in the top 100 coins.

The sentiment in cryptocurrency is still mainly bullish, and with the current investment trend that’s been gaining acknowledgment, cryptocurrency looks to shape the future of online investments and finance



Other News from Today