Bitcoin Surges to $96K; Altcoins Gain Ground as GORK Hits 60,000%

Bitcoin has rebounded to $96K, while altcoins see varied gains; VIRTUAL leads with 35%. GORK meme coin surges 60,000%, and overall crypto market cap reaches $3 trillion.

As we approach the weekend, Bitcoin is making a notable comeback. It’s now hovering around the $96,000 mark, a significant milestone that hasn’t been seen since late February. This area was previously a support zone, but it might now act as a resistance point for Bitcoin as it strives to reach $100,000.

In the wake of this rebound, several altcoins are also seeing impressive gains. Leading the charge is VIRTUAL from Virtuals Protocol, which has skyrocketed by more than 35%. Other tokens like CRV and FARTCOIN have posted gains of about 10%. As enthusiasm builds, analysts and traders are optimistic that Bitcoin could break past $100,000 this weekend. Presently, it’s trading at $96,241, reflecting a 1.32% increase over the last 24 hours.

Ethereum had a rocky start today, dipping to $1,741 at one point. However, it has since rebounded to around $1,850. Solana is also experiencing a similar resurgence, now trading at approximately $151.8, marking a 2.76% rise in the last day. Other cryptocurrencies such as XRP, BNB, DOGE, and ADA are also recovering from recent dips and are setting their sights on weekly highs.

Various other altcoins are seeing an upswing as well, with HYPE, INJ, FET, SEI, and WIF earning an average gain of 7% today.

On the downside, FLOKI has taken a hit, dropping by 5%, while OP and IP have seen declines of 4% and 3%, respectively. Moreover, smaller-cap altcoins like XDC, LAYER, FLR, IMX, and TON are facing minor setbacks with losses around 2% in the past day.

In a surprising twist, today’s hottest trend is the GORK meme coin, which has exploded in value—surging an astonishing 60,000%. This rapid ascent moved its market cap from $1.6 million to over $60 million, all in just a few hours. Launched on the Solana blockchain, GORK’s growth is driven by viral interactions, massive trading activity nearing $135 million, and its quirky AI mascot that’s been engaging communities on social media.

Looking closer at today’s performance, VIRTUAL leads the top gainers with a staggering 35% increase, followed by solid performances from CRV, S, and FARTCOIN, each up by 10%. On the flip side, FLOKI is down by 5%, with OP and IP trailing behind with respective losses of 4% and 3%.

Currently, the global cryptocurrency market capitalisation is up 1.12%, sitting at $3 trillion. The trading volume for the last 24 hours has reached approximately $85.34 billion. Bitcoin dominance remains robust at 63.55%, while Ethereum’s share is now at 7.4% according to CoinMarketCap.