MemeCore (M) Surges with Double-Digit Gains While Bitcoin (BTC) Stalls at $111K: Weekend Market Pulse
Meme tokens defy gravity as Bitcoin battles resistance at a critical psychological threshold.
The Altcoin Outperformance
While the king of crypto wrestles with the $111,000 barrier, MemeCore and other speculative assets rocket ahead—proving once again that in this market, fundamentals sometimes take a backseat to hype and social momentum. Retail traders flock to high-risk, high-reward plays, leaving traditional valuation metrics in the dust.
Bitcoin's Consolidation Phase
BTC's struggle to break meaningfully above $111k signals a cooling-off period after its monumental run-up. Large holders remain cautious, and institutional flows show slight outflows—suggesting profit-taking is in play. Yet, the overall structure remains bullish, with key support levels holding strong.
Where the Smart Money Flows
Behind the scenes, decentralized exchange volumes spike, and leverage ratios in perpetual swaps hint at renewed speculative interest. Options traders position for volatility, and funding rates stabilize—indicating a healthier derivatives landscape than during previous overheated rallies.
Just another weekend where meme coins outperform sound money—because why invest in a decentralized global store of value when you can chase a dog-themed lottery ticket?
BTC Stopped at $113.5K
The primary cryptocurrency tried to break out at the end of the previous business week, but the bears were quick to intercept the move and halt it in its tracks. As such, the asset fell from $113,500 to under $107,500 within a day or so.
The following 48 hours were painful as well, as Bitcoin failed to recover any of the losses and marked a new multi-week low of $107,100 on September 1. The bulls finally tried to step up at this point, and after some shaky performance, drove BTC out of this local bottom to over $111,500 by Tuesday.
Another rejection followed suit, but this time it was less painful, and bitcoin slipped to $109,000. The asset went on the offensive once again on Friday, surging toward $113,500 after a weak jobs report in the US. That was another short-lived rally, though, as BTC lost almost all gains immediately in a drop to $110,400, which left over $300 million in liquidations.
It has calmed at around $111,000 ever since, with its market cap at just over $2.2 trillion on CG, and its dominance over the alts at 56.5%.
M Keeps Pumping
The undisputed altcoin in terms of weekly (and daily) gains is once again MemeCore, which entered the top 100 digital assets just several days ago. M has skyrocketed by 14% in the past day alone, and 200% since this time last Saturday, and now trades at $1.57 with a market cap of well over $2.6 billion.
ENA follows suit, with a 13% surge that has taken it to $0.73. PUMP and HYPE are next, with 10% and 4.5%, respectively. CRO and BCH are also slightly in the green, while the rest of the larger-cap alts have remained essentially at the same levels as yesterday.
The total crypto market cap has stalled at $3.910 trillion on CG.
