Bitcoin and Dogecoin Surge Amidst Continued Market Volatility

If you’ve been following the financial news lately, you’ve probably heard about the rollercoaster ride that GameStop and other meme stocks have been on recently. But amidst all the frenzy, there’s another asset that’s been quietly making moves – Bitcoin.

While the GameStop surge may have started to subside, the price of Bitcoin is soaring today. The biggest cryptocurrency by market cap is now trading at its highest level in three weeks, at $65,872. Over the past 24 hours, BTC has risen by 7%, and over 4% in the past month.

Bitcoin’s surge comes on the heels of a report from the U.S. Bureau of Labor Statistics that showed a slight easing of inflation in April. This news, coupled with over $100 million flowing into Bitcoin exchange-traded funds, has helped push the coin’s price up this year.

But Bitcoin isn’t the only digital asset on the rise today. Dogecoin, the original meme coin and Elon Musk favorite, has jumped by 7% in the past day, now trading for $0.1556. Traders are clearly enjoying all things meme-related, especially after the return of Roaring Kitty, aka Keith Gill, who played a key role in the first meme stock rally earlier this year.

While meme stocks like GameStop and AMC have seen wild swings this week, Bitcoin still has a long way to go to catch up to its all-time high of nearly $74,000 set in March. But with the recent surge and growing investor interest, it might not be long before Bitcoin is back on top.

So, whether you’re a seasoned investor or just someone looking to ride the wave of meme-related market excitement, keep an eye on Bitcoin and other digital assets as the financial landscape continues to evolve. Who knows what might be the next big thing to take the market by storm? Stay tuned.