GameStop

Bitcoin

Kitty

<p>The post <a href="https://coinpedia.org/press-release/bitcoin-price-surges-after-meme-stocks-pump-are-brc20-tokens-next/" rel="noopener noreferrer nofollow">Bitcoin Price Surges After Meme Stocks Pump, are BRC20 Tokens Next?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>A multitude of bullish catalysts, including the recent surge in ‘meme stocks’ like GameStop and the latest CPI report, have influenced the crypto market in recent days, leading to a 7% increase in Bitcoin’s price over the past 24 hours.</p>
<p>With Bitcoin on the rise, it’s likely that liquidity will also cycle down and benefit its BRC20 ecosystem tokens next.</p>
<h2 class="wp-block-heading" id="h-bitcoin-price-surges-as-gamestop-hype-rotates-to-crypto">Bitcoin Price Surges as GameStop Hype Rotates to Crypto</h2>
<p>Bitcoin’s decisive upswing coincides with a cooling-off period for GameStop following its parabolic upswing.</p>
<p>The <a href="https://twitter.com/TheRoaringKitty/status/1789807772542067105" target="_blank" rel="noopener noreferrer nofollow">return</a> of renowned GameStop trader Roaring Kitty ignited a monumental frenzy in the traditional financial market’s “meme stock” niche.&nbsp;</p>
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<p>However, market participants eagerly awaited a rotation to crypto, and the time has seemingly come.</p>
<p>In an attempt to counter the ‘short squeeze’ that retail investors imposed on Wall Street, trading for GameStop and AMC stocks was <a href="https://x.com/WatcherGuru/status/1790474070238154903" target="_blank" rel="noopener noreferrer nofollow">halted</a> a combined 38 times on Wednesday. This move was aimed at preventing further volatility in the market.</p>
<p>Following this, GameStop’s price has slumped 18% in the last 24 hours, while AMC is down 20%.</p>
<p>The crypto community took note and hailed the industry’s decentralized nature, with Borovik <a href="https://twitter.com/3orovik/status/1790459044634755307" target="_blank" rel="noopener noreferrer nofollow">saying</a>, “Imagine what happens when retail stock traders discover you can’t halt the blockchain.”</p>
<p>Indeed, considering the anti-establishment undertones of the GameStop phenomenon and Bitcoin’s revolutionary approach to forging a new financial system, the GameStop cool-down and the uprising of Bitcoin could indicate that GME investors are rotating profits into BTC.</p>
<p>Bitcoin is currently trading at a robust $65.9K, showing a steady 7% increase today, 7% this week, and 4% this month. With a $1.3 trillion market cap and a $41 billion 24-hour trading volume, up 53% today, Bitcoin’s price surge appears to be on a stable trajectory.</p>
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<p>Adding to Bitcoin’s bullish outlook, the U.S. Consumer Price Index (CPI) figures came in yesterday lower than expected at 3.4%.</p>
<p>According to analyst Gert Van Lagen, this bolsters the chances of interest rate cuts in 2024. The analyst also <a href="https://x.com/GertvanLagen/status/1790723057654304921" target="_blank" rel="noopener noreferrer nofollow">speculates</a> that the crypto market and stocks will see a “blow-off top” (enter price discovery) soon.</p>
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<p>As a result, crypto whales have begun moving back into Bitcoin.</p>
<p>“Bitcoin whales purchase $3 billion worth of BTC, signalling a new era. Whales acquire 47,500 BTC in 24 hours, increasing total assets. We are entering a new era,” <a href="https://x.com/RvCrypto/status/1790835057050980745" target="_blank" rel="noopener noreferrer nofollow">wrote</a> commentator RVCrypto on X today.</p>
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<p>But as Bitcoin’s excitement action intensifies, its emerging BRC20 ecosystem could offer beta exposure to the market leader’s price.</p>
<p>Currently, one of the most promising BRC20 <a href="https://coinpedia.org/press-release/will-altcoin-season-follow-the-gamestop-pump-best-cryptos-to-buy-now/" target="_blank" rel="noopener noreferrer nofollow">cryptos</a> is the 99Bitcoins token, a new presale which has raised $1.2 million so far.</p>
<h2 class="wp-block-heading" id="h-could-99bitcoins-token-benefit-from-the-btc-pump">Could 99Bitcoins Token Benefit from the BTC Pump?</h2>
<p>99Bitcoins, a leading media outlet, is introducing a unique concept with its <a href="https://coinpedia.care/b_99Bitcoins-en_310?referrer=bitcoin-price-surges-after-meme-stocks-pump-are-brc20-tokens-next" target="_blank" rel="noopener noreferrer nofollow">99Bitcoins token</a>. This token will power a novel Learn-to-Earn layer, rewarding users for expanding their cryptocurrency knowledge, a feature that sets it apart from other BRC20 tokens.</p>
<p>The 99Bitcoins token is currently undergoing a presale, which has raised $1.2 million so far.&nbsp;</p>
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<p>While investors can buy the presale on the Ethereum network, the 99Bitcoins token will also launch as a BRC20 crypto.</p>
<p>The BRC20 ecosystem, while still in its early stages, has shown promise. Its total market cap currently stands at $1.9 billion, a fraction of Ethereum’s ERC-20 ecosystem, which is valued at $418 billion.&nbsp;</p>
<p>This comparison underscores the BRC20 sector’s growth potential and presents an exciting opportunity for new BRC20 tokens.</p>
<p>Bitcoin’s vast $1.3 trillion market cap amplifies this as just 2% of its valuation would be 10x the BRC20 ecosystem.</p>
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<p>Evidently, there’s spectacular potential BRC20 cryptos, and 99Bitcoins token’s captivating use case primes it a top project to watch.</p>
<p>Alongside access to the Learn-to-Earn platform, holders get BRC20 tools and education, crypto trading signals, a VIP community group, and staking rewards.</p>
<p>The current presale price is $0.00105, but this will rise in five days.</p>

Bitcoin Price Surges After Meme Stocks Pump, are BRC20 Tokens Next?

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