{"id":9869,"date":"2024-09-27T08:46:28","date_gmt":"2024-09-27T08:46:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=9869"},"modified":"2024-09-27T08:46:28","modified_gmt":"2024-09-27T08:46:28","slug":"crypto-markets-add-70-billion-daily-as-bitcoin-btc-price-rises-to-8-week-peak-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=9869","title":{"rendered":"Crypto Markets Add $70 Billion Daily as Bitcoin (BTC) Price Rises to 8-Week Peak (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price gains continued in the past 24 hours, and the asset shot up to almost $66,000 for the first time since August 1.<\/p>\n

The altcoins are also in the green, with ETH nearing $2,700, while BNB has jumped above $600 amid rumors that Binance\u2019s former CEO, CZ, will be released today.<\/p>\n

Bitcoin Eyes $66K<\/h2>\n

The primary cryptocurrency has been on a roll since last Wednesday when the US Federal Reserve cut the interest rates by 50 basis points. At the time, the asset stood below $60,000 but quickly reclaimed that level and surged over $64,000 by last Friday.<\/p>\n

It retraced and calmed during the weekend but the current business week began with another surge toward $65,000. However, BTC was stopped there twice \u2013 once on Monday and again on Wednesday, and pushed south to under $63,000 yesterday.<\/p>\n

Still, the bulls kept their foot<\/a> on the pedal and initiated another leg up in the past day. This culminated in bitcoin jumping above $65,000 and nearing $66,000 to mark an 8-week peak. This comes amid the growing demand<\/a> for the spot Bitcoin ETFs in the States.<\/p>\n

The price surge has pushed BTC\u2019s market capitalization to $1.3 trillion on CG, while its dominance over the alts has remained at the same spot of 53.7%.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 27.09.2024. Source: TradingView<\/p>\n

Meme Coins on the Run<\/h2>\n

As reported before, today belongs to almost all reps of the meme coin industry. Currently, PEPE leads the way with an 18% surge that has pushed it well above $0.00001. FLOKI trails behind with a $16.5 increase, while Shiba Inu, although it has neared $0.0002, is up by 15.5%. Recall that SHIB had soared<\/a> by over 20% at one point earlier today.<\/p>\n

Dogecoin has shot up by more than 8% daily and now trades above $0.12 amid predictions<\/a> that it could rise to $0.15. AVAX, UNI, LINK, BCH, and SOL have also posted impressive gains.<\/p>\n

Ethereum and Binance Coin have added 1.5% of value and now trade above $2.660 and $605, respectively.<\/p>\n

The total crypto market cap has increased by almost $70 billion in a day and is well above $2.3 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Crypto Markets Add $70 Billion Daily as Bitcoin (BTC) Price Rises to 8-Week Peak (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price gains continued in the past 24 hours, and the asset shot up to almost $66,000 for the first time since August 1. The altcoins are also in the green, with ETH nearing $2,700, while BNB has jumped above $600 amid rumors that Binance\u2019s former CEO, CZ, will be released today. Bitcoin Eyes $66K […]<\/p>\n","protected":false},"author":0,"featured_media":9870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9869","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\/9869"}],"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=9869"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/9870"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}