Shiba

Major

Bitcoin

Momentum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-surges-as-altcoins-gain-momentum" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surges as Altcoins Gain Momentum</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-nears-new-record-high" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoin-etf-impact-and-market-predictions-insights-from-crypto-analysts" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) has surged past the $66,000 mark, signaling a potential revival for altcoins after a challenging two-quarter period. The latest rally follows a previous dip to $53,000, which saw altcoins facing significant losses of more than 20%. However, the current uptick suggests a shift in market dynamics.</p>
<h2 id="what-has-contributed-to-bitcoin-s-rise">What Has Contributed to Bitcoin’s Rise?</h2>
<p style="text-align: justify">Bitcoin reached the $66,000 level for the first time since late July, reflecting a positive trend from previous levels of $57,255 and $53,000. While BTC has surpassed $66,000, notable resistance levels still lie ahead at $68,300 and $71,550. The final quarter of the year generally brings bullish sentiments, and this is accentuated by the Federal Reserve’s anticipated interest rate cuts, which have eased recession concerns.</p>
<h2 id="which-altcoins-are-leading-the-charge">Which Altcoins Are Leading the Charge?</h2>
<p style="text-align: justify">Major altcoins are experiencing substantial gains. Shiba Inu, for instance, has risen by 25% to $0.0000214, and <a href="https://en.bitcoinhaber.net/dogecoin-funded-doge-1-moon-mission-gears-up-for-launch" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a> has climbed past $0.12. This resurgence indicates a growing investor interest in altcoins, with many among the top 100 cryptocurrencies achieving double-digit growth, particularly meme coins.</p>
<p style="text-align: justify">Key highlights from the altcoin surge include:</p>
<ul style="text-align: justify">
 <li>Shiba Inu: 25% increase</li>
 <li>Floki: 18% increase</li>
 <li>Pepe: 18% increase</li>
 <li>W: 16% increase</li>
 <li>Bonk: 14% increase</li>
 <li>Ordi: 11% increase</li>
 <li>Not: 11% increase</li>
</ul>
<p style="text-align: justify">The total market capitalization of cryptocurrencies has grown from $2.22 trillion to $2.31 trillion within the last week. BTC’s market dominance has slightly declined to 56.3%, according to CoinMarketCap data, while the fear and greed index hovers just above neutral at 54.</p>
<p style="text-align: justify">If Bitcoin maintains its momentum above $66,000 into the weekend, the market could see further exciting altcoin rallies within the next 48 hours, enhancing the optimism surrounding the current bullish trend.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-surges-as-altcoins-gain-momentum" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surges as Altcoins Gain Momentum</a></h5>

Bitcoin Surges as Altcoins Gain Momentum

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