Bitcoin Price Climbs Above $62,000, But This Viral Meme Coin Soars 25% – Weekend Watch

The cryptocurrency market went through a relatively volatile 24 hours, with Bitcoin taking center stage and managing to rise above $62,000.

The surge has also given smaller-cap altcoins room to recover, with one viral meme coin exploding as much as 25% on the day. let’s dig

Bitcoin bulls reappear, push price above $62,000

Yesterday, the price of Bitcoin was trading around $61,000 for quite a while, and the bears even managed to take it to a local low of around $60,800.

However, buyers stepped up and captured $61,000. Today, the positive sentiment seems to continue as BTC is currently trading around $62,250.

Source: TradingView

The price action over the past few days is important, and how BTC performs in this range will be indicative of its next direction.

That said, volatility took its toll on the derivatives market. Over the past 24 hours, more than $110 million in leveraged positions were eliminated, most of which ($64 million) were short.

Sentiment remains neutral, which is an improvement from yesterday, when the market was in a state of fear.

POPCAT Explodes 25%, Leads Meme Coin Gains

The vast majority of altcoins are trading in the green, although most of them are posting modest gains. Large caps such as XRP, ADA, AVAX, SOL, BNB, ETH and others are up between 0.5% and 1.5%.

Source: Quantify Crypto

The meme coin category has performed very well in the last 24 hours. Memes are up 9% on average, but cat-based coins seem to perform better.

POPCAT, for example, is up 25%, while bigger meme coins like DOGE and SHIB are up 1%.

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