Bitcoin surges past $65,000 and sparks rally in Solana meme coins
Key Takeaways
- Bitcoin nearly reached $66,000 today, marking a significant price movement.
- Solana’s meme coins experienced substantial growth, with PressDog and Cafe leading the surge.
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Bitcoin (BTC) nearly touched the $66,000 price level today after leaping almost 4% in six hours, according to data aggregator CoinGecko. Notably, BTC must perform a daily close above $65,000 to reclaim its path toward $71,500, according to the trader identified as Rekt Capital.
Bitcoin is one Daily Close and retest of $65,000 (blue) away from beginning a brand new cluster of price action in the $65,000-$71,500 region (red)$BTC #Crypto #Bitcoin https://t.co/5wOXpM4XO2 pic.twitter.com/4XbV6YEXK2
— Rekt Capital (@rektcapital) July 19, 2024
The trader added that every time Bitcoin managed to break the $65,000 price level in this cycle, it visited the lower area of the $70,000 price zone. At the time of writing, BTC seems to have found some ground above the $65,000 area.
The feat is impressive considering the incident that hit the whole world today. Cybersecurity company CrowdStrike released a new update on their antivirus software used by major companies that prompted errors on Microsoft Windows devices. As a result, travel, banking, and healthcare services suffered outages.
Despite Bitcoin’s significant performance, Solana (SOL) stole the spotlight by jumping nearly 7% in the past 24 hours. SOL inched closer to the $170 price level but ran out of steam when it touched $169.
Moreover, SOL’s price upward movement pushed its meme coin ecosystem, which went up 12.4% on average and became the crypto sector with the second-largest growth in the past 24 hours. Notable movements were registered by the newly launched PressDog (PRESS) and Cafe (CAFE), which shot up by 170.5% and 163.4%, respectively. The established Retardio (RETARDIO) also made decent strides with a 38.6% price increase.
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Author: Gino Matos
