Bitcoin had a relatively quiet weekend with the price remaining at $62,000, but renewed excitement fueled an extended surge on Monday and pushed the crypto asset to a new multi-year high above the $65,000 price level.
Dogecoin and Shiba Inu have also benefited by showing similar performance. Waima, like other meme cryptocurrencies like Pepe, even showed a far more encouraging performance.
Last Monday Bitcoin rocketed from about $51,000 to the $55,000 level. The following days saw more gains. BTC's rally culminated in a surge to $64,000, the highest price since late 2021.
Despite a brief pullback over the weekend, Bitcoin still closed February trading with the biggest monthly gain in its history. The next few days, including the weekend, saw little change and BTC stuck around $62,000.
At this point, BTC is only about $4,000 away from the 2021 ATH of $69,000. Currently, BTC's market capitalization is close to $1.3 trillion. Its dominance over alts has increased by 0.5% intraday and is now over 50%.
The last few days have been dominated by meme tokens, and this trend is still going on for now. Pepe once again steals the show, with a 65% jump. In fact, the meme token has entered the top 50 cryptocurrencies and hit a new ATH earlier today.
BONK followed suit with a 50% increase that pushed its price to $0.000035. The two largest representatives in this group of digital meme assets, Dogecoin and Shiba Inu- have recorded gains of 25% and 30% respectively. Cardano and Polkadot also recorded impressive gains of around 8-10% overnight. The overall crypto market capitalization has added over $100 billion yesterday to $2.550 trillion on the CMC.
