🚀 Crypto Market Surges on August 04: Memecore Leads the Charge with Explosive Gains!

Crypto bulls are back in the saddle as markets stage a fiery rebound—Memecore steals the spotlight with triple-digit pumps while Bitcoin shrugs off regulatory FUD like a bored whale.

Memecore’s moonshot:
The meme-coin darling defies gravity (and common sense) as retail traders pile in, proving once again that crypto’s risk-on appetite laughs at ‘overbought’ RSI levels.

BTC’s quiet dominance:
While shitcoins party, Bitcoin grinds up 5% on pure institutional OI—hedge funds might still hate it, but their clients are quietly stacking sats between martini lunches.

The cynic’s corner:
TradFi analysts scramble to downgrade their ‘crypto is dead’ takes—just in time for the next 20% correction they’ll call ‘predictable.’

Bitcoin Retests $115k, Ethereum At $3.6k, Memecore Outperforms Elite Cryptos!

The Bitcoin price has successfully retested its $115k mark today, suggesting a rising positive influence for the largest crypto token in the market. According to CoinMarketCap data, Bitcoin’s market capitalization stands at $2.285 trillion. With this BTC now has a dominance of 60.8797% and is currently trading at a discount of about 7% from its ATH of $123,091.61.

The altcoin leader, ethereum price also reclaimed the $3,600 mark with an impressive price jump of over 5.5% within 24 hours. This resulted in the altcoin gaining a dominance of 11.7349% with a market share of $440.919 billion.

Memecore (M) Leads Market with 33% Daily Gains

Memecore (M), a newly launched Layer 1 blockchain designed for meme-based ecosystems, displayed a sustained bullish price action by adding over 33% to its portfolio within 24 hours. This made it the best-performing crypto asset among the top 100 cryptocurrencies by market cap. 

Despite this price rally M Coin saw a drop of 33.83% in its daily trading volume, and it has a market share of $868.38 million.

Trending Cryptos Today

• Spark (SPK)

• MYX Finance (MYX)

• 48 Club Token (KOGE)

• Pudgy Penguins (PENGU)

• Stellar (XLM)

Top Gainers And Losers Today

Crypto Marketcap Overview

With a drop of approximately 1% in its intraday trading volume to $126.14 billion, the crypto market has displayed a mixed price action over the last 24 hours, as per the latest data from CoinMarketCap. Following this, the global crypto market is standing strong at $3.75 trillion.

On the other hand, the Fear & Greed Index shows a neutral trend and is currently at 52, hinting at a weak market action. Further, the Altcoin Season Index is now at 43.

Notably, in the past 24 hours, a total of 74,513 traders were liquidated from the crypto market, bringing the total liquidations value to $187.94 million. Of the recorded liquidations, the largest single liquidation order was executed on the Bybit crypto exchange. The pair was of BTC/USD and the value of this order was $13 million.

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