{"id":596516,"date":"2024-11-11T09:40:33","date_gmt":"2024-11-11T09:40:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=596516"},"modified":"2024-11-11T09:40:33","modified_gmt":"2024-11-11T09:40:33","slug":"bitcoin-blasts-past-81k-sending-meme-coins-into-orbit-amid-trump-election-win-bull-run","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-blasts-past-81k-sending-meme-coins-into-orbit-amid-trump-election-win-bull-run","title":{"rendered":"Bitcoin Blasts Past $81K, Sending Meme Coins Into Orbit Amid Trump Election Win Bull Run"},"content":{"rendered":"
Bitcoin surged past $81K, sending meme coins soaring amid buoyant crypto market sentiment in the aftermath of Donald Trump’s election win. <\/span><\/p>\n BTC <\/span>jumped<\/span><\/a> over 2% in the past 24 hours and 17% in the last week to trade at $81,123.49 as of 2:40 a.m. EST. BTC’s <\/span>bullish momentum spilled over into the meme coin space, leading to a 19% jump in the lighthearted sector’s <\/span>market capitalization<\/span><\/a>, according to CoinGecko.<\/span><\/p>\n <\/p>\n Legacy <\/span>meme coins<\/span><\/a> such as Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and Dogwifhat (WIF) all printed strong 24-hour gains. DOGE emerged as the top performer among the big 4 meme coins with a 23% surge.<\/span><\/p>\n But it was smaller-cap altcoins that led the sector’s rally. <\/span>Act I The AI Prophecy (ACT) stole the show after it went ballistic and surged more than 1,177%. Newcomer Peanut The Squirrel came in second after it posted a 250% surge.<\/span><\/p>\n Meanwhile, Sudeng (HIPPO), Kishu Inu (KISHU) and Dogelon Mars (ELON) recorded gains of 33%, 26%, and 28%, respectively.<\/span><\/p>\n ARK Invest founder and CEO Cathie Wood said <\/span>Trump<\/span><\/a> ”defanging” the US Securities and Exchange Commission (SEC) after his election victory would likely ”turbocharge the US economy.” <\/span><\/p>\n She added in a video<\/a> shared on X<\/span> that government spending cuts, tax cuts, and a focus on technologically enabled innovation would also be key drivers of an economic resurgence under Trump. <\/span><\/p>\n We are floored with the support coming in for PEPU! 🔥<\/p>\n 26 million hit with no signs of slowing down, this community is #1!! 🐸💚 pic.twitter.com\/zyxceMDwxJ<\/a><\/p>\n — Pepe Unchained (@pepe_unchained) November 9, 2024<\/a><\/p><\/blockquote>\nBitcoin Surge Fires Up Small-Cap Tokens<\/span><\/h2>\n
Cathie Wood Says Trump ”Defanging” SEC Will Likely ”Turbocharge” US Economy<\/span><\/h2>\n
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