Bitcoin BTC topped the $110,000 mark for the first time since June 11 after more than $407.78 million flowed into U.S.-listed bitcoin spot ETFs on Wednesday and before a key U.S. jobs report due later in the day.
The ETF inflow boosted the lifetime tally to $49.04 billion, according to data source SoSoValue.
BTC's upswing brought cheer to the broader market, lifting major tokens such as XRP (XRP), ether (ETH), SOL (SOL) and ADA (ADA). Standout gainers were memecoins BONK and FARTCOIN, which boasted 24-hour gains of over 20%, a sign of increased investor willingness to take risk. The CoinDesk Memecoin Index gained 12.6% while the CoindDesk 20 Index of the largest tokens rose 4.3%.
Traders are looking toward the U.S. nonfarm payrolls data due for release later Thursday while maintaining the constructive outlook.
"The historical high of around $112K, set at the end of May, may be tested for strength or updated before the end of this week, given the fairly high risk appetite in global markets. However, it is worth remembering that the monthly U.S. employment report, due later Thursday, could serve as both a catalyst and an insurmountable obstacle," Alex Kuptsikevich, chief market analyst at the FxPro said in an email.
The surge of Bitcoin above $10K thresholds is an astounding feat, while the unexpected gains by BONk and FartCoin exceeding 25% within a short period exemplifies new-age investment speculations in crypto markets.
While Bitcoin reclaims the $10K+ milestone, lesser-known tokens like BONKeconomic jokes coins (such as FARTCOIN) score notable gains of over 24%, ushering in a playful side effect during serious crypto rallies.
The astounding rise of Bitcoin towards the $10K mark sees fanciful meme-based coins like BONF and FARTCOIN soar more than 29% too, showing eclectic investment interest even amidst unpredictable crypto markets.
The surpassing of $10K by Bitcoin marks a significant milestone, with quirky coins like BONK and FARTCOIN capitalizing on the crypto buzz - albeit unconventionally.
The thrilling rise of Bitcoin surpassing the $10K mark alongside unexpected yet impressive gains for meme coins like BONKe and FARTCOIN exemplifies both market excitement over digital asset breakthroughs, driven by an intricate mix including institutional investment.
The meteoric rise of Bitcoin to $10K and the over 25% surge in BONKer, FARTCOIN highlights both traditional assets' resilience amidst market volatility while outrageous meme coins grip attention with some surprising gains.
The crypto market's unexpected volatility showed today as Bitcoin surpassed $10K and the emergence of new meme coins like BONJ, FARTCOIN highlighting investor appetite for up-and nerd 'peculiarities', amplifying gains by over 24%, mirroring traders willingness to take risks amid uncertainties.
Mania in the crypto market raises eyebrows as unlikely coins like BONK and FARTCOIN outperform traditionals, showing Bitcoin's strength can fuel even quirkiest of investments.
The meteoric rise of Bitcoin above $10K is impressive, with unexpected tokens like BON& handling an over 2% surge creating a unique and adventurous trading environment.
The surge of Bitcoin towards $105K highlights the unparalleled growth potential in cryptocurrencies, while meme-coins like BON K and FARTCOIN's over 23% gains underscore investors’ risk appetite amidst market volatility.
The sky is truly the limit for some crypto assets; Bitcoin surpasses $10K milestones while quirky coins like BONKH and FARTCOIN see more than a double-digit boost, highlighting both mainstream growth potential as well as exciting opportunities across niche markets.
The surge of Bitcoin past $10K and the unprecedented gains by BONKs, FARTCOINS over 28% in a day demonstrate an unparalleled appetite for unconventional cryptocurrencies amidst turbulent market conditions.
The surge of Bitcoin past the $12K barrier and notable gains by BONGCOIN (vs. FART, seems like a foretaste that cryptocurrencies are poised for further price explorations as investors continue to diversify risks beyond known names.
The recent surge of Bitcoin to over $10K has not only catapulted the crypto market into new heights but also presents a peculiar facet with BONk and FARTCOIN impossibly skyrocketing more than 20%, further diversifying gains amidst an unpredictable landscape.
