Bitcoin
Bitcoin Surpasses $65,000, Sparking Rally in Solana Meme Coins
Main conclusions
- Bitcoin nearly hit $66,000 today, marking a significant price move.
- Solana’s meme coins have seen substantial growth, with PressDog and Cafe leading the surge.
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Bitcoin (BTC) nearly touched the $66,000 price level today after jumping nearly 4% in six hours, according to data aggregator CoinGecko. Notably, BTC must post a daily close above $65,000 to resume its path toward $71,500, according to the trader identified as Rekt Capital.
Bitcoin is one daily close and a retest of $65,000 (blue) away from starting a new set of price action in the $65,000-$71,500 region (red)$BTC #Cryptocurrency #Bitcoin https://t.co/5wOXpM4XO2 photo.twitter.com/4XbV6YEXK2
-Rekt Capital (@rektcapital) July 19, 2024
The merchant added that every time Bitcoin has managed to break the $65,000 price level this cycle, it has visited the lower area of the $70,000 price zone. At the time of writing, BTC appears to have found some ground above the $65,000 area.
The feat is impressive considering the incident that hit the entire world today. Cybersecurity firm CrowdStrike released a new update to its antivirus software used by large companies that caused errors on Microsoft Windows devices. As a result, travel, banking and healthcare services suffered disruptions.
Despite Bitcoin’s significant performance, Solana (SOL) stole the spotlight by jumping nearly 7% in the last 24 hours. SOL approached the $170 price level but lost momentum when it hit $169.
Furthermore, SOL’s upward price movement boosted its meme coin ecosystem, which rose by an average of 12.4% and became the second-highest-growing cryptocurrency sector in the last 24 hours. Notable moves were recorded by the newly launched PressDog (PRESS) and Cafe (CAFE), which surged by 170.5% and 163.4%, respectively. The established Retardio (RETARDIO) also made decent progress with a price increase of 38.6%.
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