Growth in the Crypto Market

🔲 On Monday’s Asian trading session, Bitcoin (BTC) surged above $64,000. The growth of major cryptocurrencies is linked to revived hopes for economic stimulus in China and increased demand for certain Bitcoin-based assets.

🔲 Some meme coins dominated the price movements over the weekend, as discussions about a “supercycle” continued among traders. CoinGecko’s tracker shows that Bitcoin-based meme coins and Runes — a protocol for blockchain assets — jumped 10% over the weekend.

🔲 U.S. markets also showed growth last week, anticipating a 25 basis point interest rate cut by the Federal Reserve in December.