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Altcoins Go Wild as Bitcoin Breaks $66,000

Altcoins Go Wild as Bitcoin Breaks $66,000

CoineditionCoinedition2024/09/27 16:00
By:Parth Dubey
  • Bitcoin broke above the $66,000 mark resulting in an altcoin rally.
  • Meme coins BONK, SHIB, FLOKI, and PEPE printed massive gains.
  • AI tokens ICP and RNDR also turned green.

Altcoins went wild in the past 24 hours after Bitcoin (BTC) reclaimed the $66,000 price level and set its sights on $70,000. A few of the biggest gainers were: Bonk (BONK), Shiba Inu (SHIB), Optimism (OP), Notcoin (NOT), and Pepe (PEPE).

CoinMarketCap data showed Bitcoin up by more than 1% in the past 24 hours and now trading around $66,000 with a 18.78% blip in trading volume. After a 4.93% surge in the past seven days, Bitcoin’s market cap is now $1.3 trillion; a 56.20% dominance.

Big Moves from OP, MKR, and More

OP skyrocketed 5.39% and is priced at $1.89 at the time of writing with a 19.01% jump in trading volume. Also, Maker (MKR) is up 4.43% to $1,707.78 while JasmyCoin (JASMY) surged 6.95% to $0.02495. Lido DAO rose 6.69% to $1.37 and Notcoin (NOT) is trading at $0.009595, up by 10.10% in the past 24 hours.

Looking at AI-focused cryptos, Internet Computer (ICP) rose 4.67% to $9.92 while Render (RNDR) gained 3.77% to $6.66.

Not to Be Outdone: Meme Coins Rebound

The total market capitalization of the meme coin sector rose 7.9% and stands at $56.992 billion with a trading volume of $12.1 billion.

Shiba Inu (SHIB), the second-largest meme coin in the crypto market, rose 8.13% to $0.00002059. BONK rose 6.58% in the past 24 hours and is trading at $0.00002354 at the time of writing.

SATS (1000 SATS) surged 6.13% and is priced at $0.0003612. Meanwhile, PEPE’s price jumped 16.24% to $0.00001131 and FLOKI (FLOKI) rose 4.89% to $0.0001696. 

Read also: Altcoins Take Center Stage With Significant Price Rises

The altcoin sector rallied after Bitcoin broke above $64,000 , overcoming FUD surrounding the German government’s BTC sale and the Mt. Gox repayment plan. The Greed and Fear Index also improved to 57 at the time of publication.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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