Bitcoin Very Close to ATH: Meme Coins Rally

• Bitcoin broke the $71,000 price level and reached a daily high of $71,475.
• Ethereum also surged 5% and reclaimed the $2,600 price level.
• DOGE rose a massive 14.87% while MOG rose 15% as well.

Bitcoin (BTC) has broken above the $71,000 price level and is approaching its all-time high of $73,750. The cryptocurrency faces strong resistance above $70,000.

According to CoinMarketCap, Bitcoin is trading at $71,355.40, up 5.17% in the past 24 hours, and is 3.38% away from its all-time high. The digital asset dropped to a daily low of $67,535.13 before rising to a high of $71,475.47. Bitcoin is up 5.80% over the past seven days and 8.41% in the last 30 days.

The market cap of Bitcoin also surged to a monumental $1.4 trillion as the trading volume of BTC rose 148.05% to $44.66 billion. Moreover, BTC’s price has increased 109.58% since October last year. 

Ethereum and Meme Coin Performance

Bitcoin’s closest rival Ethereum (ETH) also rose by more than 5% in the past day and is trading at $2,614.34 at the time of writing, down 46.54% from its all-time high of $4,891.70 witnessed during the previous bull run in 2021. 

Meme coins rose massively in the past 24 hours with sector leader Dogecoin (DOGE) rising 14.86% to $0.1663. DOGE achieved a market cap of $24.36 billion while outperforming its rival Shiba Inu (SHIB), which surged 7.78% to $0.00001843 in the same period.

Read also: AI Memecoins Gain Traction: GOAT, TURBO, and KOKO Analyzed

Pepe (PEPE), dogwifhat (WIF), and Popcat (POPCAT) have increased by 6.20%, 5.32%, and 11.71%, respectively. They are trading at $0.059557, $2.57, and $1.65, respectively.

Another meme coin worth mentioning is Mog Coin (MOG), which skyrocketed 15% to $0.051938 in the past 24 hours and is just 20.19% down from its all-time high of $0.052445 seen in July this year.