Cryptocurrency

Solana

Uniswap

Bitcoin

FLOKI

Bitcoin initiated a leg up in the past 24 hours that brought it just inches away from the coveted $30,000 line. However, the asset is yet to breach it.
The altcoins are also on the rise, with ETH nearing $2,000, while SOL and UNI are up by 4% daily. However, the day belongs to PEPE and Floki Inu.
<h2 id="bitcoin-stopped-ahead-of-30k">Bitcoin Stopped Ahead of $30K</h2>
The working week, which was also the beginning of the new month, started on a bad note for bitcoin, which <a href="https://cryptopotato.com/bitcoin-slipped-below-28k-ahead-of-fomc-meeting-market-watch/" data-wpel-link="internal">slipped</a> by roughly two grand in hours to a multi-day low of $27,650 (on Bitstamp). However, the bulls managed to defend the asset&#8217;s position and pushed it to above $28,000 shortly after.
The FOMC meeting couldn&#8217;t rattle BTC&#8217;s cage either. The latest interest rate hike of 25bps, which could actually be the last one, had no immediate effect on bitcoin. Hours later, though, the asset started gaining value and <a href="https://cryptopotato.com/bitcoin-reclaims-29k-after-feds-latest-interest-rate-hike-market-watch/" data-wpel-link="internal">reclaimed</a> $29,000.
The past 24 hours saw yet another price jump from bitcoin that drove it to just under $30,000. Nevertheless, BTC has been unable to overcome that level as of now and stands around $500 below it.
Its market capitalization has neared $570 billion, while its dominance over the altcoins is at 47%.
<figure id="attachment_249484" aria-describedby="caption-attachment-249484" style="width: 1834px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-4.png" data-wpel-link="internal"><img class="size-full wp-image-249484" src="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-4.png" alt="BTCUSD. Source: TradingView" width="1834" height="875" srcset="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-4.png 1834w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-4-300x143.png 300w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-4-1024x489.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-4-768x366.png 768w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-4-1536x733.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-4-50x24.png 50w" sizes="(max-width: 1834px) 100vw, 1834px" /></a><figcaption id="caption-attachment-249484" class="wp-caption-text">BTCUSD. Source: TradingView</figcaption></figure>
<h2 id="pepe-floki-on-the-run">PEPE, FLOKI on the Run</h2>
The past several days were all about one relatively new cryptocurrency &#8211; <a href="https://cryptopotato.com/what-is-pepe/" data-wpel-link="internal">PEPE</a>. Launched in mid-April, it&#8217;s essentially a memecoin without real utilization. However, the crypto market is known for having such projects explode in popularity and price quickly, which has been the case with PEPE.
It has registered double and even triple-digit daily <a href="https://cryptopotato.com/pepe-coin-explodes-1200-weekly-while-crypto-markets-stagnate-this-weeks-recap/" data-wpel-link="internal">surges</a> frequently, which resulted in entering the top 100 and even the top 50 digital assets by market cap as of yesterday. The latest push came when Binance <a href="https://cryptopotato.com/pepes-market-cap-soars-above-1-billion-following-another-60-daily-surge/" data-wpel-link="internal">announced</a> listing PEPE, as well as Floki Inu, in its innovation zone.
Somewhat expectedly, FLOKI has skyrocketed as well &#8211; over 40% surge in the past 24 hours. This memecoin is now among the top 100 coins by market cap, too, as it trades close to $0.00005.
The top ten altcoins have seen significantly more modest price increases from the likes of Ethereum (3.6%) and Solana (4%). Uniswap has tapped $5.5 after a similar daily jump.
The total crypto market cap has reclaimed the $1.2 trillion line after gaining around $20 billion daily.
<figure id="attachment_249485" aria-describedby="caption-attachment-249485" style="width: 1878px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3.jpg" data-wpel-link="internal"><img class="size-full wp-image-249485" src="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3.jpg" alt="Cryptocurrency Market Overview. Source: Quantify Crypto" width="1878" height="848" srcset="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3.jpg 1878w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3-300x135.jpg 300w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3-1024x462.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3-768x347.jpg 768w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3-1536x694.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-3-50x23.jpg 50w" sizes="(max-width: 1878px) 100vw, 1878px" /></a><figcaption id="caption-attachment-249485" class="wp-caption-text">Cryptocurrency Market Overview. Source: Quantify Crypto</figcaption></figure>
The post <a href="https://cryptopotato.com/pepe-floki-skyrocket-by-double-digits-bitcoin-stopped-ahead-of-30k-weekend-watch/" rel="nofollow">PEPE, FLOKI Skyrocket by Double Digits, Bitcoin Stopped Ahead of $30K: Weekend Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

PEPE, FLOKI Skyrocket by Double Digits, Bitcoin Stopped Ahead of $30K: Weekend Watch

Table of Contents

CryptoPotato_News

Other articles published on May 6, 2023

Deloitte Partners with Polkadot’s to Enhance KYC Processes | Coin Gabbar

Friday saw the sixth biggest outflow of Bitcoin from exchanges YTD

FCA Raids Illegal Crypto ATM Sites

Binance Faces Probe For Possible Russian Sanction Violations

Binance Under Scrutiny by US DOJ Over Alleged Russian Sanctions Violations

What is the Popular Meme Coin Hasaki Inu (HAHA)? Where Can You Buy It?

Join our free newsletter for daily crypto updates!