In the dynamic domain of cryptocurrencies, a recent market update reveals a significant surge in Bitcoin, reaching a historic $73,000 before a slight pullback, followed by a recovery. Concurrently, anticipation builds around Ethereum‘s upcoming Denison Upgrade, piquing interest in the sector’s developments.
Altcoin Market Witnesses Positive Shift
Altcoins are riding the coattails of Bitcoin’s price surge, marking an overall positive trend in the past day. Specifically, Chiliz (CHZ), known for its sports affiliations, has seen a 4% hike in price, now trading at $0.1621. Despite its growing market cap of over $1.4 billion, CHZ’s trading volume has dipped by 37%, indicating a potential decrease in investor attention.
Additionally, CEEKVR enjoys the momentum created by Bitcoin’s performance, showing a 4.61% price increase within 24 hours. The virtual reality platform’s token, CEEK, is currently valued at $0.1045, with a notable uptick in market interest.
Renewed Enthusiasm in Meme Coins
Meme coins are back in the spotlight, with PEPE leading the charge. It has rebounded with an 8.76% rise in price, reaching $0.000009004. PEPE’s trade volume has also expanded significantly, boasting an over 8% increase, with a substantial 42% surge in the last 24 hours alone, signaling revived trader engagement.
PEPE now stands just 9% shy of its recent all-time high, which could signal potential gains for investors. In parallel, APE has witnessed a 13.5% uptick in price over the same period, climbing to $2.54. Its market valuation soared by 13.85%, pushing it to 76th place in market rankings, while its trading volume leaped by 87%, reaching $246 million.