Bitcoin's strong price increase surpassing $100k has led to a wave of excitement spreading throughout the crypto market. The cryptocurrency market in recent days has been as hot as 'a frying pan', with a series of developments that have left investors both thrilled and surprised. Bitcoin confidently remains above the 100,000 USD mark, paving the way for a flurry of altcoins to experience rapid price increases. Additionally, humorous memecoins have returned to the 'stage' with meteoric rises, making the community both delighted and FOMO. Below are the standout highlights in the crypto market over the past 1-3 days:
Bitcoin stabilizes at the 100,000 USD mark: The largest cryptocurrency continues to fluctuate above 100k USD (currently ~103,000 USD, +8% in the past week).
The main driver comes from institutional money flowing into Bitcoin: Bitcoin ETF funds have attracted a net ~5.13 billion USD since mid-April, contributing to pushing BTC's price above this psychological threshold. 'Whales' (large wallets holding 10–10,000 BTC) have also taken the opportunity to accumulate ~81,000 BTC over the past 6 weeks (worth ~7.9 billion USD), in contrast to smaller wallets selling about 290 BTC during the same period. According to the Santiment platform, when big players buy heavily while small players panic sell, it is often a sign that a new price surge is forming.
– an optimistic signal for persistent HODLers.
Altcoins are accelerating strongly: Green is spreading across major market cap altcoins. Ethereum leads with a surge of ~31.7% after a technical upgrade named 'Pectra', with a current price around 2,403 USD.
Many other altcoins are also thriving: XRP +9% (up to ~2.39 USD), Dogecoin revives +26%, Solana +15%, Cardano (ADA) +14%.
Analysts believe the 'altcoin season' has truly returned, as investors gradually shift profits from Bitcoin to other potential coins. This trend is expected to initiate a major altcoin explosion in 2025.
Memecoins are heading 'to the moon': The meme coin frenzy has surprisingly made a comeback. Pepe Coin (PEPE) – the meme coin featuring a frog – has increased by about 42% just in the past week, far outpacing the overall market increase.
The momentum for this bounce partly comes from the optimistic sentiment spreading across the market, even thanks to the somewhat supportive crypto signals from former President Donald Trump, boosting investor confidence.
The FOMO effect from Pepe has also drawn attention to a rising name, Pepeto (PEPETO) – a 'junior' memecoin project rumored to achieve great things. Many Pepe holders have started shifting capital to Pepeto in hopes that this will be the next memecoin to increase 100x.
The Pepeto coin stirs curiosity by promoting its innovative features and intriguing story, currently competing with Pepe for the title of the next meme star.
The crypto game is becoming more vibrant than ever. Both veteran HODLers and new investors are closely watching every fluctuation, excited about growth opportunities while also anxious about the market's inherent volatility. How far will this wave take Bitcoin and altcoins 'to the moon', and which memecoin will become the next legend? Let's wait and see!#AltcoinSeasonLoading $BTC $ETH $BNB
