Last Monday, the cryptocurrency market experienced a significant surge, with meme coins leading the charge in terms of performance. **JasmyCoin** saw an impressive increase of over 20%, while **Floki**, **Brett**, and **Dogwifhat** also saw their values rise by more than 20%. **Popcat** and **Mog Coin**, other well-known meme coins, were among the day’s big gainers, promising more volatility and opportunities in the market.
Investors are now eagerly awaiting the imminent **Poodlana token sale**, which is scheduled to begin next Tuesday. This event is highly anticipated and is expected to attract significant transaction volume and interest.
Another highlight of the day was the **Pepe coin (PEPE)**, which experienced an extraordinary increase of more than 60% in its trading volume in the last 24 hours. Currently, PEPE trades at $0.00001225 with a 26% increase in a single day, bringing its market value to over $4 billion and positioning it as the 24th largest cryptocurrency in terms of market value.
At the same time, **Bitcoin** reached a milestone by trading at $64,800, recovering significantly from the monthly low of $53,400. This surge not only boosted Bitcoin but also had a ripple effect on other altcoins, bringing the total market cap to $2.3 trillion.
This change in the market scenario occurred after impactful events such as the attack on **Donald Trump** and moderate comments from **Jerome Powell**, president of the Federal Reserve. The incident with Trump sparked speculation that his chances in the next elections could be strengthened, especially if he faces **Joe Biden**. Recent polls suggest Trump could have a comfortable lead, fueling optimism among investors.
**Read also:**
– Bitcoin recovers important support level after strong weekend; BTC rises 4%
– Trump, known for his support of cryptocurrencies and for launching several NFTs, has a cryptoasset portfolio that exceeds $10 million. A possible Trump victory could also mean a change in leadership at the **Securities and Exchange Commission (SEC)**, replacing **Gary Gensler**, who has faced criticism for his regulatory policies.
Finally, Powell suggested that the Federal Reserve is optimistic that inflation can continue to decline in the coming months. This dovish outlook tends to benefit risky assets such as meme coins, which have recently experienced strong appreciation.
**Disclaimer:**
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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