This week in coins: Bitcoin rallies but Dogecoin and other memes steal the show

Bitcoin Blasts Past $31,000 As Btc Spot Etf Surges Optimism


Description by Mitchell Prefer for Decrypt.

Bitcoin to the moon? It really seems. The largest and oldest cryptocurrency in the world The price of Bitcoin Fly up to $64,000 on Tuesday. At the time of writing, it's $62,101—weekend business is typically eroding—more than a 21% jump from the celebratory seven-day period.

Continued ETF action helped push the largest virtual coin higher. Analysts told Decrypt that the bull run may be just beginning.

Newly approved Bitcoin fund trading is very popular on Wall Street—especially BlackRock—and they are experiencing high returns and trading days.

As a result, Bitcoin It is not far from touching an all-time high of $69,044 per penny in November 2021. He came within 11 percent of that milestone, in fact.

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Ethereal also shouted. The second largest digital coin is now worth $3,440. The network is up 18% in seven days as it nears its long-awaited Denkun update.

And Solana (SOL), the fifth largest cryptocurrency by market capitalization, has also been in the running. Competitor Ethereum jumped to a 22-month high on Thursday but is now just below that level, trading at $129.08, a seven-day gain of 30%.

Among the major digital coins and tokens, Dogecoin (DOGE) topped the week with gains: Elon Musk's personal favorite was the top performing cryptocurrency.

It was still up sharply on Friday, and today the price is at $0.1427, a 50% jump in seven days. However, unlike Bitcoin, DOGE still has a long way to go before touching the May 2021 all-time high of $0.73.

And Shiba Inu, the 19th largest digital asset, increased by almost 50%.

Small memes stole the show, but Pepe made particularly astronomical gains—the Ethereum-based coin is up 200% in seven days and is 14% below its all-time high.

Edited by Ryan Ozawa.

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