Bitcoin surged past the key $90,000 resistance level early in the US trading session, quickly pushing even higher to peak above $93,000 before stabilizing back around $90,000. The rally was driven by intense demand, with the Coinbase Premium Index hitting its highest level since April. Meanwhile, BlackRock’s iShares Bitcoin ETF (IBIT) saw a surge in trading volume, becoming the fourth-most traded product across all ETFs, with $1.2 billion in trades during the first hour of the session.<\/p>\n\n\n\n
It was also a strong day for meme coins, as Pepe and Bonk were both listed on Coinbase, fueling substantial demand and pushing their prices up by 30-50%. Additionally, Pnut, a new meme coin listed on Binance, saw an impressive 250%+ price jump in just one day.<\/p>\n\n\n\n
Overall, Bitcoin dominance reached a season-high, which had a notable impact on altcoins. Many alts struggled, showing either sharp declines or minimal upward movement, as BTC continued to assert its dominance in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin surged past the key $90,000 resistance level early in the US trading session, quickly pushing even higher to peak above $93,000 before stabilizing back around $90,000. The rally was driven by intense demand, with the Coinbase Premium Index hitting its highest level since April. Meanwhile, BlackRock’s iShares Bitcoin ETF (IBIT) saw a surge in […]<\/p>\n","protected":false},"author":93,"featured_media":42281,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-43236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=43236"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43236\/revisions"}],"predecessor-version":[{"id":43239,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43236\/revisions\/43239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/42281"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=43236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=43236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=43236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}