{"id":82429,"date":"2025-07-21T09:18:20","date_gmt":"2025-07-21T09:18:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=82429"},"modified":"2025-07-21T09:18:20","modified_gmt":"2025-07-21T09:18:20","slug":"these-meme-coins-explode-as-bitcoin-price-eyes-120k-again-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=82429","title":{"rendered":"These Meme Coins Explode as Bitcoin Price Eyes $120K Again: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s price saw subdued volatility throughout the weekend, trading within a relatively narrow range around $118K. The past 24 hours, however, have brought up a hint of revival with BTC inching closer to $120,000.<\/p>\n

The total cryptocurrency market capitalization hovers above $4 trillion and some sectors are seeing notable gains. There\u2019s also some interesting economic data coming up in the following days, which may stir the pot and cause greater volatility.<\/p>\n

Bitcoin Bulls Want to Reclaim $120K<\/h2>\n

Bitcoin\u2019s price has gone through a somewhat quiet weekend but the market started moving as soon as Sunday came closer to an end.<\/p>\n

During the late Sunday evening trading hours (in Europe), the price crashed to an intraday low of slightly above $116K, which appears to have been a liquidity grab as the buyers stepped in and reversed course immediately, as seen in the chart below.<\/p>\n

The price immediately recovered and pushed towards the previously broken $120K level, peaking at around $119,600.<\/p>\n

This enhanced volatility resulted in around $400 million worth of liquidations across the derivatives markets, $221M of which were short positions. The bulls are seemingly in control and it remains very interesting to see if the previous all-time high level is within reach.<\/p>\n

Meanwhile, as\u00a0CryptoPotato\u00a0<\/em>reported<\/a>, interesting economic data is coming up this week, which may cause an uptick in volatility across exchanges.<\/p>\n

Jerome Powell, Federal Reserve Chairman will speak on Tuesday
\nReports for existing home sales data (June) come on Wednesday
\nAbout 15% of S&P 500 companies report earnings this week (TSLA included)<\/p>\n

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

These Meme Coins Explode<\/h2>\n

It\u2019s critical to note that Bitcoin\u2019s dominance \u2013 the metric that tracks its share relative to that of the rest of the market \u2013 has shrinked from 63% to 58% in the past seven days, indicating that altcoins are outperforming.<\/p>\n

Pudgy Penguins (PENGU) is today\u2019s best performer, noting an increase of 25% in the past 24 hours, followed by Donald Trump\u2019s TRUMP meme coin that is up by about 11.4%.<\/p>\n

Most of the large-cap crytpocurrencies are trading in the gree, charting increases anywhere between 1.5% and 10%. It\u2019s interesting to see if this form of capital rotation will accelerate and cause a more considerable \u201caltcoin season,\u201d or if BTC is preparing to retake its captain seat once again.<\/p>\n

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

The post These Meme Coins Explode as Bitcoin Price Eyes $120K Again: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price saw subdued volatility throughout the weekend, trading within a relatively narrow range around $118K. The past 24 hours, however, have brought up a hint of revival with BTC inching closer to $120,000. The total cryptocurrency market capitalization hovers above $4 trillion and some sectors are seeing notable gains. There\u2019s also some interesting economic […]<\/p>\n","protected":false},"author":0,"featured_media":82430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82429","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\/82429"}],"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=82429"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/82430"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}