Bitcoin (BTC) hit two-month highs on Friday, soaring above $66,000, driven by a break above its 200-day moving average (DMA) and a reversal of its recent downtrend. September, typically a challenging month for major cryptocurrencies, has seen Bitcoin climb nearly 12%, setting the stage for a strong October. Historically, October has been Bitcoin’s best-performing month, and with recent macroeconomic developments, further gains seem likely.

The rally follows a 50 basis points rate cut by the Federal Reserve, marking the start of a new monetary easing cycle, while other central banks, including China’s PBoC, are following suit. With weaker-than-expected US inflation data, Bitcoin’s charge towards $100,000 in Q4 appears increasingly plausible.

Altcoin Market Eyes Bitcoin Breakout

While Bitcoin’s rise presents potential for strong returns, many investors are looking towards the more volatile altcoin market for higher gains. Tap-to-earn GameFi crypto Notcoin (NOT) has surged by 20% in the past 24 hours, breaking a key downtrend. Now trading above $0.10, analysts predict a potential 3x rally if the coin reaches its June highs of $0.29, positioning Notcoin as one of the best cryptos to buy now.

Meme Coins Lead the Charge: Bonk and Pepe

Meme coins Bonk (BONK) and Pepe (PEPE) have also performed well, rising 12% each over the last 24 hours. Bonk, now trading at $0.000023, is testing its 200DMA, while Pepe has jumped close to $0.000011, comfortably above its 200DMA. Both coins are backed by strong communities, and with a potential new meme season approaching, they are positioned for significant growth.

For those looking to capitalize on the growing meme coin market, presales also present an opportunity to invest early in high-potential projects at low valuations.