Donald Trump

Bitcoin

DOGS

POPCAT

Popcat and Dogs are the two top-gaining tokens in the 100 largest cryptocurrencies by market cap as Bitcoin price climbs back above $56,000.
The meme coins Popcat (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/popcat/">POPCAT</a>) and Dogs (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/dogs-2/">DOGS</a>) traded at $0.62 and $0.0011, with 19% and 16% in 24-hour gains respectively at the time of writing. Upside momentum meanwhile had pushed Bitcoin (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/bitcoin/">BTC</a>) price above $56,500 as bulls fought to recover from the dip that saw the leading digital asset trade near $53,300 on Sept. 7.
<h2 class="wp-block-heading" id="futures-listing-helps-popcat-dogs-higher">Futures listing helps POPCAT, DOGS higher</h2>
Most meme coins have struggled for upward momentum in recent weeks, mainly as the broader market experienced downward pressure throughout August.
However, like many other small cap tokens, Solana(<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/solana/">SOL</a>)-based Popcat and Telegram-related Dogs have benefited from a rush of positive sentiment following crucial futures trading support across major exchanges..
Binance recently added POPCAT perpetual contracts, allowing traders to bet on the meme coin’s price. This move caused <a rel="noopener noreferrer nofollow" href="https://crypto.news/popcat-surges-30-amid-binance-news-massive-whale-buy/">Popcat’s price to spike significantly</a>. OKX also added POPCAT futures and outlined a trading contest that offers up to $100 in rewards.
DOGS, which slipped amid the recent arrest of Telegram CEO Pavel Durov, has recovered some of the losses since falling to $0.0009 on Sept. 8. Previously, the Telegram-native meme coin had <a rel="noopener noreferrer nofollow" href="https://crypto.news/heres-why-the-dogs-token-is-rising-as-cryptocurrencies-sink/">rallied</a> thanks to Binance’s offering of 40 million DOGS in a contest that ends on Sept. 17.
Binance, OKX, and Bybit are some of the top exchanges supporting the DOGS airdrop and token listing.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/ton-blockchain-resumes-operations-following-dogs-fuelled-outage/"> TON blockchain resumes operations following DOGS fuelled outage </a>
<h2 class="wp-block-heading" id="bitcoin-recovers-above-56k">Bitcoin recovers above $56k</h2>
Bitcoin’s recovery to above $56,500 comes amid a bounce in the Coinbase Premium Index, a metric indicating increased whale and institutional accumulation of BTC.
A rebound in U.S. demand may help bulls reposition for a stronger end to the fourth quarter. Analysts at CryptoQuant <a rel="noopener noreferrer nofollow" href="https://x.com/cryptoquant_com/status/1833215758123602265" target="_blank">see</a> the continued accumulation by long-term holders as key to a potential price bounce.
Bernstein analysts issued a note on Sept. 9 <a href="https://www.cnbc.com/2024/09/09/bitcoin-could-top-80000-if-trump-wins-election-bernstein-says.html" target="_blank" rel="noopener noreferrer nofollow">predicting a surge to $80k-$90k</a> for BTC if Donald Trump wins the U.S. presidential election.
However, they suggested that a win for Kamala Harris could trigger downside action, potentially pushing BTC to lows of $30,000. The contrast is rooted in the crypto industry’s perception of Trump as more crypto-friendly compared to Harris.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-to-reach-13m-in-21-years-michael-saylor-predicts/"> Bitcoin to reach $13m in 21 years, Michael Saylor predicts </a>

POPCAT, DOGS soar as Bitcoin reclaims $56k

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