🚀 Bitcoin Soars Toward $110K as Fartcoin & BONK Dominate Meme Coin Frenzy: Market Watch

Bitcoin’s bull run isn’t slowing down—price action screams toward $110K as traders pile into the next big surge. Meanwhile, meme coins Fartcoin and BONK steal the spotlight, racking up gains while Wall Street scrambles to justify its 2% yield 'opportunities.'

### Meme Coins Eat the Charts

While BTC flexes its dominance, the meme coin circus is in full swing. Fartcoin’s absurd rally and BONK’s relentless pump prove crypto’s speculative heart still beats—loudly. Forget fundamentals; this is pure momentum trading at its finest.

### Traders Ride the Lightning

Volatility? Welcome to crypto. Bitcoin’s march past six figures has sidelined bears, but the real action is in altcoins. Meme coins lead the charge, turning skeptics into bagholders—or geniuses, depending on when they cash out.

### The Cynic’s Corner

Sure, Bitcoin’s up. Meme coins are mooning. And your bank’s 'high-yield' savings account? Still paying less than inflation. Some things never change—except crypto, which never stops.

Bitcoin Price En Route to New All-Time Highs

At the time of this writing, BTC trades at around $109,500 which is around 2% below its all-time high achieved on May 22nd – about a month a go. And while we’re on the topic of statistics – the all-time low recorded on CoinGecko took place on July 6th 12 years ago. Since then, the cryptocurrency has returned the staggering 161,270% increase.

Anyways, back to the day-to-day news. BTC looks eager to take on its former highs and this is happening as the “One Big, Beautiful Bill” proposed by Donald Trump’s administration passed both Senate and the House votes in the past 24 hours.

It doesn’t include any direct crypto regulations, but it does intend to alleviate taxes on retail users and also introduce (or re-introduce, to be more precise) the so-called 100% bonus depreciation rule, which will allow Bitcoin mining companies to write off their equipment immediately, potentially allowing them to ramp up operations and increase the network’s hash rate, which has historically been bullish for the price.

In other BTC-related news, the BlackRock IBIT ETF, which tracks Bitcoin’s price, is now generating more fees than their legendary S&P 500 fund – a clear indication of the pent up demand and the fact that investors are willing to pay premium fees for exposure.

Fartcoin, Bonk Lead Meme Coin Gains

As you can see in the heatmap below, it’s a sea of green in the altcoins market today. Most of them are charting notable increases. Even the large-caps are up a lot – ETH gains 5.8%, DOGE – 7.7%, ADA – 8.5%, HYPE – 5.5%, SUI – 11.6%, and so forth.

But the most impressive gains for the day come from two of the more polarizing meme coins – Fartcoin and Bonk. The latter is today’s best performer, gaining about 20%, while the latter is up by 17%. Right behind them is Celestia (TIA), which gained 16%.

It’s one of those days where the worst-performing cryptocurrencies are stablecoins (ironically, of course), with just Fasttoken (FTN) and Bitcoin Cash (BCH) struggling to gain and trade flat.