The global cryptocurrency market cap edged 2 percent higher to about $2.77 trillion led by Bitcoin (BTC), in the past 24 hours. bitcoin price shrugged off the hotter-than-anticipated United States’ inflation data on Wednesday, whereby expected rate cuts might get delayed.
The heightened Bitcoin demand from institutional investors, even in China through Hong Kong, has helped the flagship coin remain bullish. According to the latest market data, Bitcoin’s price gained around 2.2 percent to trade at about $70,736 on Thursday during the early London session.
Meanwhile, the cryptocurrency market is attempting to absorb the news that the U.S. SEC has issued Uniswap Labs, the largest Ethereum-based DeFi protocol, with a Wells notice. Furthermore, Uniswap won a case against the US regulatory agency last year in a court of law.
Top Meme Coins to Watch Ahead
📈 As #Bitcoin has bounced back above $70K now, #memecoins have continued to see the benefits of trader profit distribution. The sector, regardless of the crowd’s polarizing stances on their existence in the #crypto space, has been dominant over other competing #altcoin groups… pic.twitter.com/jsIRZMysLD
— Santiment (@santimentfeed) April 10, 2024
As a result, market intelligence firm Santiment is confident the meme coin industry will continue to thrive in the coming weeks amid heightened crypto speculation. By exploring the top 50 meme coins, the on-chain platform noted that some have been outpacing the pack. The top list of best-performing meme coins is Dogecoin (DOGE), SPX6900 (SPX), MAGA (TRUMP), and ArbDoge AI (AIDOGE).
