The world of cryptocurrencies is experiencing a surge of optimism. Bitcoin skyrocketed to a record-breaking $105,000, shortly after the U.S. and China unexpectedly signed a new trade agreement. As a result, the total market capitalization of digital assets soared to an astonishing $3.5 trillion.
🚀 A green wave sweeps across the market
Monday morning brought broad gains across the crypto space. Trading volume climbed to $141 billion, and the Fear and Greed Index indicates that investors are once again in “buy everything” mode. Market psychology is shifting from normal greed to “extreme greed.”
And the bears? They took a heavy hit.
According to Coinglass, more than 146,000 trading positions were liquidated in just 24 hours, totaling almost $390 million. Over 57% were short positions, proving that many traders bet against the market—and lost big.
Pi and WIF lead altcoins upward
Pi token took the lead as the day’s top gainer, rising a stunning +60% in a single day. Over the past week, it’s up +157%. Still, it remains 48% below its all-time high of $2.98 from February.
The buzz is driven by a major Pi Network ecosystem update, set to be revealed on May 14. Enthusiasm is further fueled by news that founder Nicolas Kokkalis will speak at Consensus 2025 in Toronto.
💥 Runner-up in gains: dogwifhat (WIF) — the trending meme coin soared +40% in one day. In the past 30 days alone, it has surged +195%, with a massive $1.33 billion daily trading volume.
Meme coins turn into market beasts
The rally didn’t stop with WIF — other meme coins are charging ahead:
🔹 FLOKI rose +16% in 24 hours and +116% in the past month
🔹 PEPE added +13% in one day and +112% over the month
🔹 Dogecoin (DOGE) and Shiba Inu (SHIB) gained +6% and +8%, confirming the return of meme coin mania
📈 Meanwhile, Ethereum (ETH) is steadily climbing. It’s up +42% over the past week and currently trading at $2,561.
The crypto market is back in a state of euphoria. The rally is being driven not just by Bitcoin, but also by altcoin communities, meme coin hype, and growing anticipation around technological innovation. If this sentiment continues, more records may be just around the corner.
#dogwifhat , #pi , #floki , #PEPE , #memecoins
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