The article highlights that there has been a nearly $5 billion increase in bitcoin bets since Tuesday, indicating new money entering the market in anticipation of volatility. Bitcoin has seen a 10% weekly gain, reaching $64,000 briefly before paring gains. The growth in bitcoin and other cryptocurrencies is attributed to factors such as rate cuts by the U.S. Federal Reserve and a shift towards risk-on assets. Memecoins and layer-1 tokens, such as SOL and ETH, have also seen significant gains. Overall, the crypto market has experienced a jump in the past 24 hours, with the CoinDesk 20 rising by 3.5%.



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