Bitcoin Surge!! Hits All-Time High!, Sparks Crypto and Meme Coin Frenzy

As bitcoin {{BTC}} hits all time high $68,489 for the first time, U.S.-listed cryptocurrency companies posted substantial gains in pre-market trading on Monday.

The CoinDesk 20 Index, which tracks the top digital assets, has increased by roughly 4.75% over the past 24 hours, compared to a rise of over 5% for Bitcoin.

Crypto exchange Coinbase (COIN) climbed over 6%, with the world's largest cryptocurrency's all-time high price of just over $69,000 firmly in its sights. Meanwhile, software business MicroStrategy (MSTR), which has more than 190,000 BTC on its balance sheet, rose almost 8.2% in pre-market trade.

With gains of 8%, CleanSpark (CLSK) was the top bitcoin mining company. Other notable advances were made by Marathon Digital (MARA), Iris Energy (IREN), and Riot Platforms (RIOT), with 6.6%, 6.8%, and 4.7%, respectively.

Bitcoin hits all time high


After a spectacular climb, the price of bitcoin surpassed $68,000 and reached it’s all time high.

The cryptocurrency peaked at $68,849 during a session, according to Reuters, and its most recent value is $68,829.

This increase comes after Bitcoin's value increased by 50% so far this year, mostly due to large inflows into US-listed Bitcoin funds, particularly in the last few weeks.


Other cryptocurrencies have also been impacted by the rise in value of Bitcoin. For example, Ethereum (ETH) has increased over 50% year-to-date. On Monday, Ethereum reached $2,518 and traded at two-year highs, registering a 2.6% daily increase.

This cryptocurrency surge is happening at the same time when traditional market indexes, like the tech-heavy Nasdaq, the S&P 500, and Japan's Nikkei, are smashing records.

Indicators of volatility for both foreign currency and stocks have trended lower at the same time.

Bitcoin hits all time high

Meme coins sky rocketing too!

We're about to witness another, even higher, run for the hills in the bitcoin cycle. This is the best time to get your portfolio and yourself ready. Right now, it seems like people are most interested in the best meme coins. In these circumstances, earning money necessitates appropriate exposure to specific names. This will enable you to profit from market excitement by selling your holdings for more money.

Ahead of the upcoming Bitcoin (BTC-USD) halving, three meme currencies are probably going to see double- or perhaps triple-digit price increases. In the realm of stocks, Bitcoin breaks past historical ceilings, functioning as a S & P 500 index. It is possible that many market players who have been sitting on the sidelines will return and begin buying up other cryptocurrency assets.


Shiba Inu (SHIB): This coin has lately increased by double digits, and given the volume of fresh Google searches, it is probably going to continue climbing.

Pepe (PEPE): An increasing number of searches are highlighting the efficiency and transparency of this coin's transactions.

Dogecoin (DOGE): With an upcoming tweet from Elon Musk, this cryptocurrency, which may be the king of all meme coins, could rise quickly.

As if those weren’t enough, we have…..

Spectra Markets president and trader Brent Donnelly made the following statement about the state of the market: "In a world where Nasdaq is making new all-time highs, crypto is going to perform well as bitcoin remains a high-volatility tech proxy and liquidity thermometer."

He saw a comeback to the market that was similar to that of 2021, when optimism was high and all asset classes were seeing gains.