The crypto market over the past 24 hours has been vibrant, with Bitcoin holding strong, altcoins recovering, and meme coins surging in market cap and price performance. Let’s walk through all the highlighted news in this daily market recap.
Crypto Market Overview
- Bitcoin (BTC):
- Bitcoin’s price hovers around $93,000, down slightly by 0.2% in the last 24 hours but remains dominant in market capitalization.
- Whales continue to buy aggressively, liquidating approximately $300 million in short positions within 24 hours.
- However, downside risks persist due to factors like U.S. tariff policies and cautious sentiment ahead of inflation data.
- Ethereum (ETH):
- Ethereum rose 2.0% in the last 24 hours, reaching around $1,800. The price surge is driven by the Pectra network upgrade.
- Ethereum is gaining attention due to Layer-2 solutions and restaking trends.
- Altcoins:
- Altcoins like Cardano ($ADA), Solana ($SOL), and various memecoins are surging, indicating a return of speculative capital.
- The altcoin market is recovering after five months of bearish sentiment, with many coins hitting new highs.
- Stablecoins:
- Stablecoins remain a bright spot, with total value locked (TVL) exceeding $220 billion. USDT and USDC account for 90% of the market share.
Daily Market Recap – Meme Coin Market Highlights
- Overview:
- The memecoin market cap surged 16.4% in 24 hours, reaching $58.1 billion, surpassing many DeFi sectors to become the second-largest category on DeFiLlama.
- Major meme coins like $DOGE, $SHIB, and $PEPE remain dominant, while new players like $FARTCOIN and $POPCAT lead in price performance.
- Top Trending Meme Coins:
- $FARTCOIN: Gained 21.4% in 24 hours, competing to become the second-largest meme coin on Solana, behind Official Trump (TRUMP).
- $POPCAT: Rose 23% in 24 hours and 60% in 7 days, reinforcing Solana’s dominance in the meme coin space.
- Official Trump ($TRUMP): Up 40% in 24 hours, benefiting from attention tied to U.S. President Donald Trump.
- $DOGE and $SHIB: The two meme coin giants posted double-digit gains, with $DOGE up 21% and $SHIB up 11%.
- Trencher ($TRENCHER) meme coin skyrockets with viral art and Pump.fun war narrative.
See more at Popcat (POPCAT): The Current Best Cat Meme Coin on Solana and Popcat ($POPCAT) Rises 52% After Binance Alpha Spotlight Listing
- Top Most Visited Meme Coin
- Top Memeecoin Gainers:
- $BIAO: An OG meme from the East, with deep roots in Asian internet culture. It only makes sense that it belongs on BNB Chain, the home of Asia’s meme movement.
- $UNI: A meme on Sui, named after SUI Founder @Evanweb3’s dog.
- $CHEEMS: The first real memecoin ever airdropped on Solana (inspired by a world-famous meme) since May 2021.
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