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Bitcoin hits new high, Solana price jumps as memecoins mania rises and Worldcoin faces heat in Spain

TechCrunch · 1y ago

Bitcoin hits new high, Solana price jumps as memecoins mania rises and Worldcoin faces heat in Spain

Bitcoin reached a new all-time high, while Solana experienced a surge in price as memecoins gained popularity. Additionally, Sei Labs developed a framework to assist Ethereum, Nigeria clashed with Binance, and Worldcoin faced challenges in Spain. Bitcoin's price rose 8.5% to $72,500, with ether increasing by 3.8% to $3,900. Memecoins on Ethereum, Solana, and Avalanche blockchains saw significant rallies. Notably, Mog coin on Ethereum had a market cap of $435.3 million, Solana-based dogwifhat increased by 79%, and Coq Inu on Avalanche rose by 36%.

Related News

Solana’s price rises to $160, highest level since January 2022 as memecoin mania rises

TechCrunch · 1y ago

Solana’s price rises to $160, highest level since January 2022 as memecoin mania rises

Solana's token, SOL, has experienced a significant comeback after its price dropped dramatically in 2023. It reached a high of $260 before falling to $8, but recently surged to over $160, its highest level since January 2022. Solana is known for its NFT marketplace and decentralized finance ecosystem, as well as its ability to support memecoins. Tokens like Bonk and dogwifhat, inspired by the popularity of Dogecoin, have seen substantial gains on the Solana blockchain. However, it's important to be cautious with memecoins as their volatile nature can lead to sudden crashes.

Watch: Solana is ushering in a new round of memecoin mania

TechCrunch · 1y ago

Watch: Solana is ushering in a new round of memecoin mania

The article discusses the current state of the cryptocurrency market with a focus on the growing popularity of Solana blockchain. While other popular cryptocurrencies like Bitcoin and Ethereum continue to be in the spotlight, Solana has been making significant waves with its recent price gains. The article highlights the lack of new central innovations in the crypto industry and raises concerns about the sustainability of the current market boom. Nonetheless, enthusiasts of Solana, affectionately called the Dogwifhat folks, remain optimistic and continue to enjoy the excitement.

This Week in Coins: Bitcoin and Solana Jump, Rest of Crypto Market Rises

Startup News FYI

Startup News FYI · 1y ago

This Week in Coins: Bitcoin and Solana Jump, Rest of Crypto Market Rises

Bitcoin and other major cryptocurrencies have seen gains over the past week. Bitcoin surged to over $47,000 per coin, up 11% over the week, thanks to increased investment from big investors and tech-focused investors eyeing the digital asset market. Ethereum also saw a significant jump of nearly 9%, now priced at $2,498. Solana experienced a network outage, causing its price to dip, but it rebounded with an 11% increase. However, Monero took a hit after being delisted by Binance, dropping nearly 28% over the week.

Crypto’s Trumpian embrace is leaving Bitcoin’s big rival behind

Economic Times

Economic Times · 4m ago

Crypto’s Trumpian embrace is leaving Bitcoin’s big rival behind

Vitalik Buterin's Ethereum, once a Bitcoin rival, faces challenges as the cryptocurrency industry evolves. Ethereum's growth has slowed, with developer departures and Ether lagging behind competitors like Bitcoin and Solana. This struggle comes amid Donald Trump's political embrace of crypto, which has reshaped the industry landscape. Buterin's resistance to aligning with political trends has limited Ethereum’s influence in Washington. Despite these challenges, Buterin remains committed to Ethereum's long-term, idealistic vision.

Trump signs order to establish strategic bitcoin reserve

Economic Times

Economic Times · 5m ago

Trump signs order to establish strategic bitcoin reserve

U.S. President Donald Trump signed an executive order to establish a strategic bitcoin reserve using bitcoin from criminal or civil forfeitures. The planned reserve will include five digital assets: bitcoin, ether, XRP, solana, and cardano. While proponents see potential taxpayer benefits from crypto's price growth, the move has drawn criticism regarding potential conflicts of interest, given Trump's family's involvement in cryptocurrency ventures. Concerns also arise over favoring an already affluent crypto industry.

Top nine tokens to watch in the upcoming bull run - The Economic Times

Economic Times

Economic Times · 1m ago

Top nine tokens to watch in the upcoming bull run - The Economic Times

Crypto investors are focusing on nine promising tokens as the market anticipates a bull run. Notable mentions include Little Pepe, which is launching its own Layer 2 chain, Sui, which has outpaced Solana in stablecoin transactions, and Cardano, experiencing significant whale accumulation. Solana is gaining traction with ETF interest, while Dogecoin has potential price predictions tied to Bitcoin trends. Other tokens like Ripple, Hyperliquid, and SPX6900 are also highlighting significant growth prospects in this crypto cycle.

Bitcoin hits new all-time high of $72,700 but one index warns we're in 'extreme greed' territory

TechCrunch · 1y ago

Bitcoin hits new all-time high of $72,700 but one index warns we're in 'extreme greed' territory

Bitcoin continues to surge in value, hitting a new high of over $72,700. This rise is attributed to the approval of spot bitcoin ETFs and anticipation of an upcoming "halving" event that will limit new supply. Bitcoin's price has increased 9.5% in the past week and 50% in the past month. The total cryptocurrency market cap has also risen by 10% to $2.71 trillion, with bitcoin representing 52.7% of that value. However, some indicators suggest that the market may be nearing a peak and could experience price dips.

Bitcoin hits $50k level for first time in more than two years

Economic Times

Economic Times · 1y ago

Bitcoin hits $50k level for first time in more than two years

Bitcoin reached the $50,000 milestone for the first time in over two years, driven by anticipation of interest rate cuts and recent approval for U.S. ETFs tracking its price. The cryptocurrency has climbed 15.7% this year and reached its highest point since December 2021. As of 1721 GMT, bitcoin was up 4.8% at $49,826, remaining close to the $50,000 threshold.

US crypto stocks slip as bitcoin hits new 2025 low

Economic Times

Economic Times · 4m ago

US crypto stocks slip as bitcoin hits new 2025 low

US-listed crypto company shares dropped as Bitcoin hit a new low, driven by trade war fears, decreasing risk asset appeal. Bitcoin fell 5.5% to its 2025 low. Strategy and Coinbase saw losses over 10% and 5%, respectively. Robinhood dropped 14% following a Barclays price target cut. Concerns arise over the crypto sector's alleged market hedge role during turbulence. Investor sentiment suffers from trade barriers, impacting the perception of cryptocurrencies as traditional risk assets.

Solana memecoin hype continues, Backpack’s beta phase was a success and Starbucks axes its NFT program

TechCrunch · 1y ago

Solana memecoin hype continues, Backpack’s beta phase was a success and Starbucks axes its NFT program

This week in crypto news, Starbucks cancels its Odyssey NFT program, Solana sees memecoin momentum, and India faces challenges with government crackdowns. Bitcoin and ether prices experience a dip, but overall the market remains strong. The latest podcast episode features an interview with Tegan Kline, CEO of Edge & Node, discussing blockchain, AI integrations, and The Graph network. In funding news, Rails, Avalanche Foundation, Memecoin Rush Morph, Mantra, and Ago secure notable investments. For more information and additional articles, continue reading on TechCrunch.

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