Welcome aboard The Crypto Cab Weekly Newsletter 🚖
Buckle up and enjoy the ride!
1️⃣ BIG Crypto News
2️⃣ Crypto Top 100
3️⃣ Token Unlocks
4️⃣ NFTs Trending
5️⃣ Meme of the Week
6️⃣ Legends of Crypto X
1️⃣ BIG CRYPTO NEWS
TLDR:
Bitcoin crosses €67,000, nearing its all-time high, as it continues to surge in value this weekl. With bullish signs in the futures market and record-breaking open interest, Bitcoin's upward momentum suggests further gains may be imminent, fuelled by euphoric sentiment and institutional buying demand.
Shibu Inu SHIB outperforms major meme tokens like DOGE and PEPE, extending weekly gains to over 280%. The dog-themed token's impressive performance is accompanied by record trading volumes, underscoring the growing popularity of memecoins.
🚖 Bitcoin Nears All-Time High In Euros, U.S. Dollar Next
Bitcoin (BTC) surged past the €61,000 mark during European trading hours on Monday, edging closer to its all-time peak of $69,000 set in November 2021.
Bitcoin has now reached record levels in euros, adding to its list of achievements across various local currencies.
As Bitcoin inches closer to its U.S. dollar record, bullish signs in the futures market, including a surge in open interest to an all-time high of $27 billion, suggest further gains may be on the horizon.
Euphoric sentiment, institutional buying demand, and historical trends linked to Bitcoin's halving event have contributed to its upward trajectory, positioning the asset to surpass its previous lifetime highs.
With the Market Cap hitting a record $2.8 trillion, surpassing the previous peak of $2.7 trillion in November 2021, Bitcoin's rally reflects growing investor confidence and heightened interest in the cryptocurrency market.
Crypto Exchange of the WEEK - MEXC
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🚖 Shiba Inu $SHIB Leads Memecoin Surge
In the midst of a broader altcoin rally, Shiba Inu $SHIB has surged in recent days, extending its weekly gains to over 280%!
The dog-themed token's remarkable performance has propelled it to become the biggest gainer among meme coins, surpassing the likes of Dogecoin $DOGE and Pepecoin $PEPE.
With trading volumes reaching lifetime highs, $SHIB's ascent highlights the growing popularity of meme tokens as a speculative investment choice in the cryptocurrency market.
While meme coins such as DOGE and PEPE experienced notable gains of 102% and 250% respectively over the past week, Shiba Inu's surge outpaced them with a 286% gain.
This surge in meme coin activity coincides with a broader risk-on environment, with investors increasingly turning to riskier assets amidst a market characterized by volatility and speculation.
The Memecoin Mania was not just on the Ethereum Blockchain, these are 3 notable other gainers this week👇
Solana - $WIF $BONK
Avalanche - $COQ
Binance Smart Chain - $FLOKI
2️⃣ Crypto Top 100
One word......MEMECOINS 🤯
Top Gainers over 200% this week!
⬆️ 286% $SHIB Shiba Inu
⬆️ 251% $WIF dogwifhat
⬆️ 250% $PEPE Pepecoin
⬆️ 215% $FLOKI Floki
Source: CryptoBubbles.com
3️⃣ Token Unlocks 🔓
$CHEEL - $209.09M
$NEAR - $39.83M
$GMT - $34.70M
$ENS - $32.42M
$DYM - $22.53M
$AI - $18.57M
$CGPT - $15.19M
Source: Cryptorank.io
4️⃣ NFTs Trending
Ethereum
Source:OpenSea
Bitcoin
Source: Magic Eden
Solana
Source: Magic Eden
5️⃣ Meme of the Week
6️⃣ Legends of Crypto X
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Disclaimer
This newsletter publishes information about Cryptocurrency NFTs and Web3. This is not Financial or tax advice and should be used for information purposes only. Always do your own research. Cryptocurrency is high risk.