Bitcoin Surges Past $70K Amid Meme Coin Rally and ETF Launches
TL;DR Summary
Bitcoin's price surged to $71,000, its highest in two weeks, driven by rising interest in Bitcoin-based fungible tokens like ORDI and DOG. ORDI saw a 16% increase, reaching its highest price since April, while DOG, a new token on the Runes protocol, doubled in price over the last week. Other BRC-20 tokens like PUPS and WZRD also saw significant gains, contrasting with declines in other major dog-themed meme coins like Dogecoin and Shiba Inu.
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- Bitcoin Tops $70K to Lead CoinDesk 20 Gainers: CoinDesk Indices Market Update CoinDesk
- Bitcoin crosses back above $70,000 as more spot ETFs launch around the world CNBC
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