Shiba

Dogecoin

Bitcoin

Billion

Daily

Bitcoin’s price gains continued in the past 24 hours, and the asset shot up to almost $66,000 for the first time since August 1. 
The altcoins are also in the green, with ETH nearing $2,700, while BNB has jumped above $600 amid rumors that Binance’s former CEO, CZ, will be released today. 
<h2 id="bitcoin-eyes-66k">Bitcoin Eyes $66K</h2> 
The primary cryptocurrency has been on a roll since last Wednesday when the US Federal Reserve cut the interest rates by 50 basis points. At the time, the asset stood below $60,000 but quickly reclaimed that level and surged over $64,000 by last Friday. 
It retraced and calmed during the weekend but the current business week began with another surge toward $65,000. However, BTC was stopped there twice – once on Monday and again on Wednesday, and pushed south to under $63,000 yesterday. 
Still, the bulls <a href="https://cryptopotato.com/shib-pepe-post-major-daily-gains-btc-price-recovers-from-sub-63k-dip-market-watch/" data-wpel-link="internal">kept their foot</a> on the pedal and initiated another leg up in the past day. This culminated in bitcoin jumping above $65,000 and nearing $66,000 to mark an 8-week peak. This comes amid the <a href="https://cryptopotato.com/biggest-net-inflow-day-for-spot-bitcoin-etfs-in-2-months-as-btc-price-eyes-66k/" data-wpel-link="internal">growing demand</a> for the spot Bitcoin ETFs in the States. 
The price surge has pushed BTC’s market capitalization to $1.3 trillion on CG, while its dominance over the alts has remained at the same spot of 53.7%. 
<figure id="attachment_362886" aria-describedby="caption-attachment-362886" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-37.png" data-wpel-link="internal"><img class="size-full wp-image-362886" src="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-37.png" alt="Bitcoin/Price/Chart 27.09.2024. Source: TradingView" width="1835" height="827" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-37.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-37-300x135.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-37-1024x461.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-37-768x346.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-37-1536x692.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-37-50x23.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-362886" class="wp-caption-text">
 Bitcoin/Price/Chart 27.09.2024. Source: TradingView
 </figcaption>
</figure> 
<h2 id="meme-coins-on-the-run">Meme Coins on the Run</h2> 
As reported before, today belongs to almost all reps of the meme coin industry. Currently, PEPE leads the way with an 18% surge that has pushed it well above $0.00001. FLOKI trails behind with a $16.5 increase, while Shiba Inu, although it has neared $0.0002, is up by 15.5%. Recall that SHIB had <a href="https://cryptopotato.com/is-this-why-shiba-inus-shib-price-soared-23-daily-details/" data-wpel-link="internal">soared</a> by over 20% at one point earlier today. 
Dogecoin has shot up by more than 8% daily and now trades above $0.12 amid <a href="https://cryptopotato.com/dogecoin-doge-could-surge-by-another-30-if-its-price-holds-this-level-analyst/" data-wpel-link="internal">predictions</a> that it could rise to $0.15. AVAX, UNI, LINK, BCH, and SOL have also posted impressive gains. 
Ethereum and Binance Coin have added 1.5% of value and now trade above $2.660 and $605, respectively. 
The total crypto market cap has increased by almost $70 billion in a day and is well above $2.3 trillion on CG. 
<figure id="attachment_362888" aria-describedby="caption-attachment-362888" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-114500.jpg" data-wpel-link="internal"><img class="size-full wp-image-362888" src="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-114500.jpg" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1878" height="833" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-114500.jpg 1878w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-114500-300x133.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-114500-1024x454.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-114500-768x341.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-114500-1536x681.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-114500-50x22.jpg 50w" sizes="(max-width: 1878px) 100vw, 1878px"></a>
 <figcaption id="caption-attachment-362888" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/crypto-markets-add-70-billion-daily-as-bitcoin-btc-price-rises-to-8-week-peak-market-watch/" rel="nofollow">Crypto Markets Add $70 Billion Daily as Bitcoin (BTC) Price Rises to 8-Week Peak (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Crypto Markets Add $70 Billion Daily as Bitcoin (BTC) Price Rises to 8-Week Peak (Market Watch)

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