Bitcoin surges to $64K as Dogwifhat gains 20%

Bitcoin's (CRYPTO:BTC) price has climbed to $64,000, regaining momentum after earlier losses this month.  

The cryptocurrency reached a local high just below $64,000, driving optimism for what some are calling "Uptober."  

According to TradingView, the market saw a significant increase in liquidations, with derivatives clocking in at $130 million over the past 24 hours.  

Of this, nearly $100 million came from short positions, with Bitcoin accounting for about $30 million.  

The market sentiment has shifted to neutral, an improvement from last week’s fearful conditions, based on market data.  

Alongside Bitcoin’s rise, meme coins are leading gains across the market.  

Dogwifhat (CRYPTO:WIF) has surged 20% in daily trading, joining the ranks of other meme coins that have seen notable increases.  

POPCAT (CRYPTO:POPCAT) and MOG (CRYPTO:MOG) also performed well, showing similar upward momentum.  

Meanwhile, Neiro, a newer meme coin, skyrocketed by 50%, making it the 125th largest cryptocurrency.  

Ethereum, Binance Coin (CRYPTO:BNB), Solana (CRYPTO:SOL), Avalanche (CRYPTO:AVAX), Polkadot (CRYPTO:DOT), Bitcoin Cash (CRYPTO:BCH), XRP (CRYPTO:XRP), and Chainlink (CRYPTO:LINK) also saw gains, increasing between 2-3%.  

Despite a broader market painted in red, these cryptocurrencies have recorded modest rises in value.  

Bitcoin's recovery and the rise of meme coins have contributed to the overall market capitalization, which now stands at over $2.3 trillion.  

While Bitcoin leads with its strong performance, the growing interest in meme coins like Dogwifhat is capturing attention, contributing to the dynamic landscape of the cryptocurrency market.  

At press time, the Bitcoin price was $63,140.75, and the Dogwifhat price was $2.63.