{"id":11990,"date":"2024-10-07T09:10:22","date_gmt":"2024-10-07T09:10:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=11990"},"modified":"2024-10-07T09:10:22","modified_gmt":"2024-10-07T09:10:22","slug":"bitcoin-price-explodes-to-64k-dogwifhat-wif-soars-20-daily-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=11990","title":{"rendered":"Bitcoin Price Explodes to $64K, Dogwifhat (WIF) Soars 20% Daily (Market Watch)"},"content":{"rendered":"

The cryptocurrency market has managed to regain its footing at the beginning of this week. Its total capitalization is above $2.3 trillion on the back of gains from the majority of coins.<\/p>\n

Bitcoin managed to push above $63K and even test $64,000, while meme coins are exploding left and right. Let\u2019s take a look.<\/p>\n

Bitcoin\u2019s Price Soars to $64,000<\/h2>\n

In what seems to be a very bullish Monday, the BTC price was able to recover almost all of the losses it incurred at the beginning of the month.<\/p>\n

At the time of this writing, the cryptocurrency is trading at $63,500, having charted a local high at slightly below $64,000 earlier.<\/p>\n

<\/a>Source: TradingView<\/p>\n

As you can see on the chart, this marks the completion of a recovery from the drop on October 1st, so perhaps there is a chance for \u2018Uptober\u2019 after all.<\/p>\n

That said, liquidations in the derivatives market increased by almost 150% over the past 24 hours, clocking in at around $130 million for the day. Almost $100 million of these were short positions. Bitcoin leads the way with almost $30M in liquidations.<\/p>\n

The market sentiment has also improved. It\u2019s currently neutral, which is better than last week\u2019s fearful conditions.<\/p>\n

Meme Coins Skyrocket Across the Board<\/h2>\n

The market is predominantly painted in red today, and most of the altcoins are charting notable gains.<\/p>\n

For instance, ETH, BNB, SOL, AVAX, DOT, BCH, XRP, and LINK have all increased by around 2-3%.<\/p>\n

<\/a>Source: Quantify Crypto<\/p>\n

Meme coins, on the other hand, took center stage. The entire category is up by around 10%, but some individual performances are even more impressive.<\/p>\n

For example, Dogwifhat (WIF) is up by 20% at the time of this writing, more or less the same as POPCAT and MOG.<\/p>\n

However, Neiro, a relatively new meme coin that has already skyrocketed to being the 125th largest cryptocurrency, soared by a whopping 50% on the day.<\/p>\n

The post Bitcoin Price Explodes to $64K, Dogwifhat (WIF) Soars 20% Daily (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency market has managed to regain its footing at the beginning of this week. Its total capitalization is above $2.3 trillion on the back of gains from the majority of coins. Bitcoin managed to push above $63K and even test $64,000, while meme coins are exploding left and right. Let\u2019s take a look. Bitcoin\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":11991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11990"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11990"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/11991"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}