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Bitcoin surged previous $81K, sending meme cash hovering amid buoyant crypto market sentiment within the aftermath of Donald Trump’s election win.
BTC jumped over 2% prior to now 24 hours and 17% within the final week to commerce at $81,123.49 as of two:40 a.m. EST. BTC’s bullish momentum spilled over into the meme coin house, resulting in a 19% leap within the lighthearted sector’s market capitalization, in line with CoinGecko.
Bitcoin Surge Fires Up Small-Cap Tokens
Legacy meme cash corresponding to Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and Dogwifhat (WIF) all printed robust 24-hour positive aspects. DOGE emerged as the highest performer among the many large 4 meme cash with a 23% surge.
Nevertheless it was smaller-cap altcoins that led the sector’s rally. Act I The AI Prophecy (ACT) stole the present after it went ballistic and surged greater than 1,177%. Newcomer Peanut The Squirrel got here in second after it posted a 250% surge.
In the meantime, Sudeng (HIPPO), Kishu Inu (KISHU) and Dogelon Mars (ELON) recorded positive aspects of 33%, 26%, and 28%, respectively.
Cathie Wooden Says Trump ”Defanging” SEC Will Possible ”Turbocharge” US Economic system
ARK Make investments founder and CEO Cathie Wooden mentioned Trump ”defanging” the US Securities and Trade Fee (SEC) after his election victory would possible ”turbocharge the US financial system.”
She added in a video shared on X that authorities spending cuts, tax cuts, and a concentrate on technologically enabled innovation would even be key drivers of an financial resurgence underneath Trump.
We’re floored with the help coming in for PEPU! 🔥
26 million hit with no indicators of slowing down, this group is #1!! 🐸💚 pic.twitter.com/zyxceMDwxJ
— Pepe Unchained (@pepe_unchained) November 9, 2024
Meme coin presales are additionally being buoyed by optimism over Trump’s US election win. New PEPE rival Pepe Unchained (PEPU) has soared previous $26.6 million in funds raised in probably the most profitable presales ever. The token’s added greater than $1.6 million in simply the previous 4 days.
One other beneficiary of the Trump impact is FreeDum Fighters (DUM), a satirical PolitiFi token that’s racing towards $500k in funds raised in its presale.
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