Bitcoin Value Nears $110K as Fartcoin and BONK Dominate Meme Coin Growth: Market Update

Bitcoin's value is on the rise, moving towards the significant $110,000 mark, with a 1.6% increase over the past 24 hours. This coincides with a notable surge from meme coins such as Fartcoin and Bonk. The total crypto market's worth has grown by approximately $50 billion, nearing $3.5 trillion, amidst potential regulatory changes in the United States.

Bitcoin is just 2% shy of its all-time high attained a month ago, with mining companies potentially benefiting from a new bill passed by Donald Trump's administration. Meanwhile, meme coins Fartcoin and Bonk have shown impressive growth, with 20% and 17% gains respectively. The worst performers of the day are ironically stablecoins, with Fasttoken (FTN) and Bitcoin Cash (BCH) remaining flat.