Bitcoin Jumps On; While GameStop, BounceBit, and Mog Making Strong Gains

/ Discover the latest news of crypto market: Bitcoin pumps above $62K, while GameStop, BounceBit, and Mog making gains today..

Author: Nilesh Hembade

Date: 14 May 2024, 10:57 AM IST

As the sun rises on Tuesday morning, the cryptocurrency market is showing signs of optimism, with major altcoins and meme-inspired tokens making significant strides. The standout performer, Bitcoin (BTC), experienced a notable surge from yesterday’s low of $60,867 to a high of $63,437, injecting a bullish sentiment into the market.

In the memecoins, GameStop (GME), inspired by the famed stock, is capturing attention with its remarkable ascent. The price of GME coin has seen a remarkable uptick, mirroring the excitement surrounding its namesake stock, particularly as Roaring Kitty, a prominent figure in the GameStop saga, reemerges into the spotlight. Alongside GME, BounceBit (BB) and Mog Coin (MOG) are also riding the wave of gains, demonstrating strong performances.

Current Prices for Bitcoin (BTC) and Ethereum (ETH):

In the latest 24-hour period, Bitcoin (BTC) has surged by 2.90% to reach $62,696, reinforcing its position as a leading cryptocurrency. With a market capitalization of $1.23 trillion, Bitcoin continues to command attention and investment interest. Ethereum (ETH), the second-largest cryptocurrency by market cap, is trading at $2,944, marking a 2.14% increase in the last day. Its market cap stands at $353 billion.

Top Gainers:

1. GameStop (GME): Today, the price of GameStop (GME) has skyrocketed by an impressive 474%, reaching $0.01371 within the last 24 hours. With a market cap of $92 million, the GME coin has captured the imagination of investors, surging by a staggering 2,177% over the past week.
2. BounceBit (BB): The price of BounceBit (BB) has surged by 48.81%, hitting $0.4301 in the last 24 hours. With a market cap of $176 million, BB token holders are witnessing substantial gains, indicative of market optimism and investor enthusiasm.
3. Mog Coin (MOG): Mog Coin (MOG) has experienced a notable surge of 31.86%, reaching $0.00000056 within the last 24 hours. With a market cap of $221 million, MOG coin holders are witnessing significant appreciation in value, highlighting the potential for growth in the emerging cryptocurrency landscape.

In conclusion, the cryptocurrency market is witnessing a day of significant gains, with Bitcoin leading the charge and meme coins like GameStop, BounceBit, and Mog making strong strides.