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We Weekend Watch Bitcoin Price Rockets to $63K but This Viral Meme Coin Takes Center Stage Bitcoin’s price soared above $63,000 today, while this viral meme coin is doing rounds again. After a few days of depressing price action, the bulls appear to be finally back in town. The cryptocurrency market added almost $70 billion to its total capitalization over the past 24 hours. This happened on the back of Bitcoin charting a notable recovery in the past 24 hours, bouncing up to $63,000, so let’s have a look. Bitcoin’s Price Stages a Recovery Just a couple of days ago, Bitcoin tumbled below $60,000 and even briefly dipped below $59,000. Fortunately, the bulls were very quick to recover and managed to stage an impressive rally, which peaked at around $63,400 earlier today. The price has since retraced a bit to where it currently trades, but BTC booked a 3.4% increase throughout the past 24 hours nonetheless. It’s worth noting that Bitcoin has performed comparatively better than the other top 10 cryptocurrencies by market capitalization. The total crypto market saw around $120 million worth of liquidated leveraged positions, the majority of which were short. The broader sentiment has also improved a lot compared to yesterday, and it’s currently neutral, up 17 points on the day. Altcoins in a Sea of Green As you can see in the heatmap below, altcoins are having a field day and all of them are trading in the green. Some of the larger ones, such as ETH, Bina, SOL, XRP, DOGE, TRX, TONCOIN, and ADA, are all charting marginal gains in the range between 0.5% and 3%. Notably, Bitcoin’s price has managed to outperform all of them, as mentioned above. That said, one of the best performers today is NEIRO on ETH – a viral meme coin that boasts one of the most vibrant online communities. It managed to explode by more than 40% in the past 24 hours. $BTC

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In a big win for the blockchain world, the TON network made major strides in September, accounting for 50% of the total transaction volume across Layer 1 networks. This impressive feat puts TON ahead of giants like Bitcoin and Ethereum in terms of activity. A key driver behind this surge was the growing popularity of airdrop tokens like Hamster Kombat and Catizen, which have caught the attention of many users, especially in the GameFi sector. With these tokens gaining traction, it’s clear that TON is quickly becoming a hotspot for gaming and decentralized finance enthusiasts. On top of that, TON’s Total Value Locked (TVL) saw a massive jump of 40%, reaching $431.98 million. This boost showcases the network’s growing appeal and potential for further growth, particularly in the rapidly expanding GameFi space. As more projects and tokens flock to TON, it’s shaping up to be a key player in the blockchain ecosystem. $TON

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BOME Hits 2-Month High as Market Rebounds On October 14, BOME - the third-largest meme coin - surged as Bitcoin recovered to its price levels from earlier in the week. Solana-based Book of Meme (BOME) jumped more than 25% in 24 hours, reaching $0.008841, its highest in the past two months. BOME’s surge has brought its market capitalization to $610 million, ranking it 131st among the largest digital assets. Daily trading volume also jumped more than 195% to $928 million, with the majority of trading taking place on Binance, followed by Gate.io and Bitget. Meanwhile, futures open interest also recorded a sharp increase. According to data from CoinGlass, BOME futures open interest hit a record $131.12 million, more than doubling from last week’s low of $57 million.

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DOGS Poised for a Strong Recovery After Extended Downtrend It has been over six weeks since the launch of the memecoin DOGS. It initially saw a price surge in the first three days, but then lost almost all of its initial gains due to strong selling pressure in September. DOGS appears to have ended its bearish streak, based on its performance this month. This raises the possibility of a price recovery in the coming weeks, and this scenario may have already begun. DOGS has just recorded its strongest price performance in the past six weeks in the past two days, with a 23% increase. This is a sign that the cryptocurrency may be facing further upside potential, especially as selling pressure has stabilized in the first 10 days of October. At the time of writing, DOGS is trading at $0.000778. The MFI (Money Flow Index) shows that liquidity has started to return to the memecoin since the beginning of the month, creating bullish momentum.

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