(26 June 2024,09:14 AM IST):
On Wednesday morning, the cryptocurrency market witnessed a significant rebound, with Bitcoin (BTC) rising by 0.95% in the last 24 hours. Bitcoin’s price rebound after plunging to a low of $58,555 on June 24 has been supported by a spike in memecoins and other altcoins, which has eased market selling pressure.
Currently, Bitcoin (BTC) is trading at $61,924, up by 1.8% with a market cap of $1.22 trillion. Ethereum (ETH) has also seen a slight increase, rising by 0.55% to $3,396 in the past 24 hours, bringing its market cap to $408 billion.
Impressive Rally in Memecoins
In the last 48 hours, memecoins have experienced remarkable gains. The prices of Pepecoin, Dogwifhat, Brett, and Popcat have all surged with double-digit increases.
Top Gainers Today:
Brett (BRETT): Brett (BRETT), the top-trending memecoin, surged by 14.56%, trading at $0.1679 with a market cap of $1.64 billion. Over the past 30 days, Brett coin has impressively risen by 137%.
Stacks (STX): Stacks (STX) also saw significant growth today, increasing by 8.95% and trading at $1.78, with a market cap of $2.61 billion.
Ordinals (ORDI): Ordinals (ORDI), a BRC-20 token, jumped by 5.0% to reach $38.50 over the last 24 hours. Ordinals now has a market cap of $812 million.
The current rally in memecoins and altcoins has played a crucial role in Bitcoin’s rebound, indicating a positive sentiment in the cryptocurrency market. .