Crypto Prices Surge: Bitcoin Hits $64K, Meme Coins Lead Gains
The cryptocurrency market is witnessing a significant upswing as Bitcoin (BTC) reaches the $64,000 mark. According to CoinGape, this surge comes amid positive investor sentiment and increased inflows into spot ETFs. Ethereum (ETH), Solana (SOL), and XRP are also trading in green territory. Notably, meme coins like BRETT and Book of Meme (BOME) have emerged as top gainers with remarkable increases of 19% and 27%, respectively.
Bitcoin Rises Amid Mt Gox Repayment Delay
Investing.com reports that Bitcoin's price rose to $63.9k following news that defunct crypto exchange Mt Gox has postponed its repayment deadline by another year. This delay alleviated fears of an imminent sell-off event which could have flooded the market with additional supply. Despite these gains, regulatory concerns continue to loom over the broader crypto markets.
Global Crypto Market Cap Climbs; BTC Dominates
ABP Live highlights how Bitcoin managed to rise above $64,000 early Monday after bouncing back from weekend lows around $59,000. The global crypto market cap saw a notable increase reaching approximately $2.24 trillion while maintaining a neutral stance on the Fear & Greed Index at 45 out of 100 points.
XRP Holds Steady As Ripple Prepares For Legal Battle
A report from FXStreet indicates that XRP remains stable above key support levels despite ongoing legal challenges involving Ripple Labs against the U.S. Securities Exchange Commission (SEC). Meanwhile, Ethereum reclaims crucial supports amidst potential inflationary pressures due to upcoming Uniswap developments.
Pro-Trump Sentiment Boosts Bitcoin Ahead Of Elections
The optimism surrounding Donald Trump's increasing chances in the US Presidential elections appears beneficial for cryptocurrencies according to ABP Live’s analysis ahead of next month’s election cycle where investors anticipate further rallies post-election results potentially driving prices higher than current thresholds observed across major digital assets including ETH and others within DeFi ecosystems during recent weeks.
Sources:
- Crypto Prices Today Oct 14: BTC At $64K, BRETT Up 19%, BOME Shoots 27%
- Bitcoin price today: rises to $63.9k as Mt Gox postpones repayment deadline
- Cryptocurrency Price Today (October 14): Bitcoin Rises Above $64,000, BRETT Becomes Top Gainer
- Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum — Asian Wrap 14 October
- Crypto Week Ahead: Bitcoin Rides Pro-Trump US Presidental Election Developments To Climb Above $64,000
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