Bitcoin hits $116.500 as memecoins like PEPE and DOGE soar
- Bitcoin price today exceeds US$ 116 thousand
- Meme cryptocurrencies PEPE and DOGE lead gains
- Market rally pushes capitalization above US$4 trillion
Bitcoin returned to the spotlight after surpassing the $116.500 mark on Friday (13), reaching its highest value in about three weeks. The cryptocurrency reached this level after registering a continuous recovery since the beginning of the week, when it had fallen back to $110.
After facing slight resistance around $113.200 and briefly returning to $110.800, the asset resumed its upward movement with greater force. The release of the US Consumer Price Index (CPI) data helped fuel market volatility, pushing BTC to $116.400.
On Friday morning, Bitcoin peaked at $116.800 before retreating slightly and consolidating near the $116 range. At the time of publication, BTC is trading today at US$ 115.846Its market capitalization has risen to approximately $2,3 trillion, although its market dominance has fallen to 55,2%, giving room for altcoins to strengthen.
With Bitcoin's price more stable, the focus turned to other cryptocurrencies that posted significant gains. The standouts were mainly tokens from the meme coin segment, which outperformed the broader market.
Dogecoin (DOGE) has gained over 12% in the last 24 hours and is approaching $0,30, while the PEPE token has risen an impressive 18% in the same period. Shiba Inu (SHIB) has also surged, gaining 8,5%.
Other major market names followed suit. The M token appreciated 7,5%, surpassing $2,25. Other notable assets included ADA, LINK, AVAX, ETH, XRP, BNB, and SUI, reinforcing the sector's positive performance.
The total cryptocurrency market cap rose by more than $80 billion overnight, reaching $4,18 trillion, reflecting investor optimism in the current climate.
