Bitcoin Jumps on China Stimulus Hopes, Memecoins Lead Weekend Surge

Bitcoin surged past $64,000, fueled by optimism over a possible China stimulus and rising demand for crypto assets. BTC climbed 2%, with Ethereum and Solana up 3%, while XRP and BNB stayed flat. The overall crypto market rose 2.19%, and over $100 million in short positions were liquidated.

Memecoins stole the spotlight, with projects like Mog and SPX6900 seeing major gains. Interest in memecoins grows as traditional sectors show lower volatility, and China's potential stimulus further boosted market sentiment. Meanwhile, U.S. rate cuts in December remain a possibility, adding to the overall market momentum.

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