BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Dogecoin Leads Meme Coin Rebound as Bitcoin Price Nears $99K

by Drop Gorn
November 30, 2024
in Crypto
A A
Dogecoin Leads Meme Coin Rebound as Bitcoin Price Nears $99K
10
SHARES
Share on TwitterShare on Reddit
  • Dogecoin (DOGE) and other meme coins are surging after the Thanksgiving holiday, with DOGE rising 7% as Bitcoin nears $99,000
  • Major meme coins like Popcat (POPCAT), Bonk (BONK), Brett (BRETT), and Pepe (PEPE) are also up, with over $221 million worth of crypto futures positions liquidated, led by Bitcoin at around $65 million
  • Bitcoin briefly touched $98,685 on Friday as it looked to make a run for $99,000, coming closer to the $100,000 milestone price than ever before

Dogecoin and other meme coins are gaining after Thanksgiving as Bitcoin potentially gears up for another run at $100,000. Meme coin mascots are happy as prices rise.

Dogecoin Price Surge

Dogecoin, the original and most valuable meme coin by market cap, is currently priced at $0.042, rising by 7% on the day per data from CoinGecko. DOGE last hit this mark on November 25 and had been below it in the days since. Like other meme coins, DOGE is famously volatile and can see wild daily swings. But it’s still up huge in recent weeks, jumping by 149% in price over the last 30 days amid famed backer Elon Musk’s support of Donald Trump and Trump’s election win as a pro-crypto candidate. Dogecoin hit a three-year high price of $0.475 last Saturday.

Other Meme Coins Rising

Major meme coins are broadly up over the past day, with Popcat (POPCAT) rising 12%, Bonk (BONK) up 13%, and Brett (BRETT) and Pepe (PEPE) each up about 9%.

Liquidations from Short Positions

The surge has burned some traders betting on the price of major meme coins to go down, per data from CoinGlass, with nearly $6 million in DOGE shorts and $3.3 million in Peanut the Squirrel (PNUT) shorts liquidated over the past 24 hours. Overall $221 million worth of crypto futures positions have been liquidated during the span, led by Bitcoin at about $65 million.

Bitcoin Price Testing $99K Again

The vast majority of those liquidated Bitcoin positions were shorts, as the price of the leading cryptocurrency is also on the rise. It’s trading above $98,400 as of this writing and looked to be making a play for $99,000 earlier Friday, touching $98,685 but has cooled slightly since. Last Friday, on November 22, Bitcoin jumped to an all-time high price of $99,645, coming closer to the $100,000 milestone price than ever before.

Conclusion

Meme coins like Dogecoin continue to see volatility and price jumps based on hype and speculation. Meanwhile, Bitcoin is taking another shot at finally crossing the historic $100k mark. Crypto markets remain active following the Thanksgiving holiday in the U.S.

Tags: BitcoinBonkBRETTDogeccoinPeanut the SquirrelPEPEPOPCAT
Tweet3ShareShare4

DON'T MISS THESE! HOT OFF THE PRESS

Ethereum ETH Breaks $2,000: Here is The Next Price Level You Need to Watch
Crypto

Ethereum ETH Breaks $2,000: Here is The Next Price Level You Need to Watch

May 8, 2025
JRNY CLUB Announces $JRNY Token and EARN Platform
Breaking News

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token
Crypto

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?
Crypto

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent
Crypto

U.S. Aims to Become Premier Hub for Digital Asset Innovation, Says Bessent

May 7, 2025
Analysts Predict Solana’s POPCAT Could Double Amid Surging Memecoin Interest: Here is Why
Crypto

Analysts Predict Solana’s POPCAT Could Double Amid Surging Memecoin Interest: Here is Why

May 7, 2025
Load More

Related News

Ethereum ETH Breaks $2,000: Here is The Next Price Level You Need to Watch

Ethereum ETH Breaks $2,000: Here is The Next Price Level You Need to Watch

May 8, 2025
JRNY CLUB Announces $JRNY Token and EARN Platform

JRNY CLUB Announces $JRNY Token and EARN Platform

May 7, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

Federal Reserve Holds Steady as Trump Tariffs Threaten Economic Stability: The Hard Truth Exposed

May 7, 2025
Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

Mark Cuban Slams Trump’s Crypto Ventures as Self-Serving Disaster: Is This True?

May 7, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX Gary Gensler grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.