Bitcoin's Price Officially Breaks $100,000: 4 Key Drivers Behind the Milestone

 has officially crossed the $100,000 mark, setting new all-time highs. Once dismissed by many as a scam or speculative experiment, Bitcoin has grown to become one of the top 20 most valuable assets globally, with a total market cap nearing $2 trillion. Over the past decade, Bitcoin has undergone one of the most significant perception shifts in financial history, with mass media and institutions reversing their skepticism and embracing its potential. The $100K milestone represents more than just a price point—it’s the result of years of increasing mainstream acceptance. Institutional investors are integrating Bitcoin into their portfolios, Bitcoin ETFs are breaking records, favorable global economic trends are driving demand, and political shifts are creating a more supportive environment. Let’s take a closer look at the key factors behind Bitcoin’s rise to over $100,000.

US Bitcoin ETFs: Validation For Traditional Investors

On January 10th, the SEC granted regulatory approval for 11 U.S. Bitcoin exchange-traded funds (ETFs). While European-listed exchange-traded notes (ETNs) had been available for years, the approval and launch of U.S.-based Bitcoin ETFs marked a pivotal moment for Bitcoin. This milestone not only eliminated significant barriers to entry for traditional investors but also reshaped public perception of Bitcoin as a legitimate and regulated financial asset. Here are some highlights.

Macroeconomic Factors: Bitcoin as a Hedge

Global economic conditions have increasingly positioned Bitcoin as an alternative investment for investors looking to protect and grow their wealth. Traditional investment options like bonds and savings accounts have become less attractive due to a combination of low interest rates, rising inflation, and negative real yields in several major economies. These shifts have driven both retail and institutional investors to view Bitcoin as a hedge against economic instability and a store of value, often referred to as digital gold.

Political Support: A Crypto-Friendly Climate

The political and regulatory climate is increasingly tilting in favor of cryptocurrencies, providing strong momentum for Bitcoin's growth. Governments and policymakers worldwide are recognizing the potential of blockchain technology and digital assets, shifting from skepticism to proactive engagement. These political tailwinds, coupled with regulatory advancements, are fostering a more secure and predictable environment for Bitcoin, boosting investor confidence.

Continued Institutional Adoption: Bitcoin Goes Mainstream

Institutional investors and corporations are driving Bitcoin’s transformation from a niche digital asset to a widely accepted investment and financial tool. Seen as a hedge against inflation, a store of value, and an alternative to traditional financial instruments, Bitcoin’s appeal has surged among major players in the financial world. This growing adoption is a key factor in Bitcoin’s price reaching new highs, underpinned by its integration into treasury strategies, investment portfolios, and payment systems.

Conclusion: Your Opportunity to Join the Bitcoin Momentum

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Intermediate

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Bitcoin Officially Breaks $100,000: 4 Key Drivers Behind the Milestone

Ondo Finance has launched a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security.

The S&P 500 rose 0.57% to a record high, driven by investor focus on upcoming inflation data, despite concerns over new tariff threats and the Federal Reserve's cautious stance on rate cuts.  Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.60%, with Bitcoin and Ether dropping by 4.08% and 3.27%, respectively in the past 24 hours.

Today's top performer is FTM, which surged 9.9% following Sonic Labs' partnership with OctavFi for advanced on-chain financial management.

Sonic Labs (FTM), founded in 2018, formerly known as Fantom Foundation, supports the development of Sonic, a new layer-1 blockchain designed for fast, efficient transactions and secure connectivity to Ethereum. It focuses on creating decentralized applications and managing governance for the Sonic ecosystem, which is set to launch later in the year. 

 to bring institutional-level financial management, advanced on-chain treasury management, and financial reporting to its protocols.

Check Out the Latest Prices, Charts, and Data of 

 a new institutional-grade bridging solution for tokenized real-world assets (RWAs), leveraging LayerZero’s decentralized verifier network (DVN) for enhanced security. This solution enables seamless transfers of USDY, Ondo’s yield-bearing tokenized US Treasuries, across Ethereum, Arbitrum, and Mantle. The bridging architecture incorporates trusted bridge providers like PolyhedraZK and Axelar, along with Ondo’s own DVN, ensuring secure and decentralized transaction validation. The integration is available now via Ondo’s frontend and Stargate Finance, with support for additional chains planned.

Yesterday, BTC spot ETF flows recorded a total outflow of $122.8M, including $36.1M from GBTC and $86.7M from non-GBTC funds.

Check Out the Latest Prices, Charts, and Data of  

, requiring wallet and social handle registration by Dec 2, 2024, 2 PM UTC. Eligibility criteria include completing 3 transactions across 2 apps on Movement's testnets and finishing Road to Parthenon quests. After TGE, users can claim MOVE tokens on Ethereum Mainnet or Movement Mainnet, with the latter offering a 1.25x multiplier. More airdrop seasons will follow post-mainnet launch.

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Ondo Launches Institutional-Grade Bridging for Tokenized RWAs with LayerZero Security

How to Use the Bybit Card to Earn 15% Cashback on Top of All Black Friday Deals

Originally an American tradition, Black Friday has evolved into a global shopping event and is now a significant date in the Dutch retail calendar. In the Netherlands, Black Friday has grown in popularity, with major retailers like Bol.com, Coolblue, MediaMarkt, and Bijenkorf offering deals across a wide range of products.

As a nation known for valuing savings, Black Friday provides an excellent opportunity to stack discounts and maximize value. Bybit's Black Friday Card Promotion adds an extra layer of savings with 

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How Can You Take Part in This Black Friday Promotion?

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Practical Examples of Savings With Bybit Card

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Learn more about the Bybit Card Black Friday Promotion 

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How Can You Use the Bybit Card to Earn 15% Cashback on Top of All Black Friday Deals?

Bitcoin Hits New All-Time Highs: 8 Things Trump Is Saying About Cryptocurrency and What It Means for Bitcoin and Altcoins

With Bitcoin and the total cryptocurrency market cap surging to highs- returning to its 2021 peak—many are attributing this renewed bullish momentum to Donald Trump’s recent U.S. election victory. In this article, we’ll explore 8 key promises and policies Trump has put forth for the sector and the potential impact on both blue chip and meme coin cryptocurrencies.

Donald Trump & Crypto: The Bull Case for The Sector

The newly elected U.S. President, Donald Trump, has outlined a series of plans for the cryptocurrency sector, signaling major shifts in U.S. policy. With the United States accounting for approximately 

, U.S. policy and leadership play a significant role in shaping the sector. Here are eight key takeaways and promises from his proposed initiatives:

These factors collectively contribute to a positive outlook for the cryptocurrency sector under the current administration.

The election outcome has also positively influenced blue-chip cryptocurrencies:

Trump's win has significantly impacted the meme-coin sector. Following the victory,

 surged by 145%, outperforming Bitcoin and Ethereum in growth. This rally reflects heightened speculation that Trump's pro-crypto regulatory stance could indirectly support meme-coins, which are often driven by community engagement and viral appeal. Meme-coins, while volatile, present high-risk, high-reward opportunities, and recent events have drawn increased attention from traders looking to capitalize on this momentum.

Capitalizing on Trump’s Win and Riding the Crypto Wave

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Memes

Altcoins

As the Solana's meme coin market booms in 2024, dive into the top Solana meme coins such as WIF, BONK, PENG, BOME, SLERF and more.

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 has kicked off 2024 on a high note, its price hitting a new all-time high (ATH) of $73,737 on Mar 14, 2024 that quickly began to dip, closing the week at $68,526.

However, despite Bitcoin’s price retreat, Solana’s SOL token went on to hit $200 for the first time since November 2021, which is $60 short of its ATH of $260. Its ecosystem, which is cheap, fast and scalable, has witnessed significant growth 

, which have been pumping tremendously since the start of the year.

Let’s take a deeper look at Solana’s meme coin frenzy and the top meme coin projects in its ecosystem that have been breaking price charts week after week.

 has experienced a booming meme coin economy that has found its ecosystem fertile with opportunities due to the platform’s speedy and affordable execution of transactions.

The once-struggling project experienced a significant turnaround after its leading meme coin, BONK, was airdropped to existing Solana users. The BONK airdrop initiated a meme coin revolution on Solana, which gained traction in 2023 but exploded in 2024.

Following are the top Solana meme coins that have gone parabolic over the past few months.

This trending Solana meme coin is literally just that — it’s based on the image of a dog wearing a pink hat. While it may seem unbelievable, 

 has become an instant hit and managed to surpass $2 billion in 

As with most meme coins, the token doesn’t have a clear utility. However, it’s built to fuel a new generation of crypto believers who aren’t restricted by geographical boundaries when it comes to finance and technology.

Launched in November 2023, its value has risen from an all-time low (ATL) price of $0.001555 on Dec 13, 2023 to hit an ATH of $3.47 on Mar 15, 2024 — an increase of over 223,051% in four months. This price surge has led WIF to achieve a market cap of over $2.38 billion, pushing it to the top five meme coins in the crypto market.

WIF’s success is attributed to its army of followers, who have completed a record-breaking 

 to display the “dog wearing a hat” on the exterior screen of the Las Vegas Sphere, which has further publicized the token. The platform has also indicated that it’s working on a WIF hat generator as part of its community-focused activities.

Dubbed the “dog coin of the people”, 30 million 

 tokens were airdropped to Solana Saga smartphone users who minted a genesis token via the DApp store in December 2023, which led to a revival in Saga phone sales.

Since then, this community-driven token has grown tremendously. Over 650,000 users currently hold it, and it’s available across ten blockchains. The dog-themed meme coin mimics 

, and is also among the top 100 cryptocurrencies due to its ballooning market cap.

At its peak, BONK price hit a high of $0.00004547 on Mar 4, 2024 — a whopping 52,686% increase from its ATL of $0.000000008614 four days after its launch (Dec 29, 2022).

BONK is a multi-utility token that powers the Bonk ecosystem and aims to provide a community-powered decentralized platform. It has integrated over 119 projects, including top decentralized finance (

. Additionally, it features BonkSwap for lightning-fast token swaps, and BONKbot, which claims to be Solana’s fastest Telegram trading bot.

Another token that’s been topping the Solana meme coin mania is 

, a penguin-themed meme coin that’s designed to boost liquidity on the Solana blockchain. While the PENG coin uses the form of a penguin, it bears a hint of resemblance to the

Following its launch in early March, PENG rose from an ATL of $0.0837 on Mar 7, 2024 to hit an ATH of $2.14 on Mar 15, 2024, a rally of over 200% from its previous day's price at $0.65. Its meteoric rise can be attributed to its army of followers on X, which hit over 14,000 followers within a week after launch. At the time of this writing (Mar 25, 2024), PENG has cooled off and dropped by over 72% to trade at $0.595.

The PENG project has also released a PENG avatar generator that allows you to create your own Penguin in Peng’s “laboratory.”

As one of the latest entrants into the Solana meme coin arena, 

 has caused quite a stir. Following its launch on Mar 14, 2024, BOME rallied from a price of about $0.00005848 to hit a high of $0.02689 on Mar 16, 2024 (an increase of over 45,000% within two days), as it crossed the $1 billion mark in market cap.

That same day, Binance listed BOME across multiple spot pairs in its market and launched BOME’s perpetual contract with leverage of over 50x. Following the announcement, BOME exploded in popularity. However, this also resulted in allegations of insider trading against the platform, although these were ultimately dismissed following an internal inquiry. 

Another plausible reason for the coin’s surge is FOMO from meme coin enthusiasts, especially those who missed out on the WIF pump.

At the time of this writing (Mar 25, 2024), BOME’s price has retreated by around 48% to a price of $0.01397. However, the crypto community is waiting to see whether BOME continues to rally once Bitcoin bounces back.

 is another newborn in the Solana meme coin family. Similar to BOME, SLERF has rallied immensely despite its developer’s controversial revelation on X, claiming to have burned the LP tokens set aside for the token’s airdrop.

Despite this revelation, SLERF pumped by 252% within a day from $0.3693 on Mar 18, 2024 to $1.30 the next day. While the glitch occurred as the token was raising funds through its pre-token sale, SLERF proceeded to list on exchanges, making its price pump within hours. Despite some suspicions that this was a marketing gimmick by the developer, SLERF has done incredibly well for a new token.

 is a dog-themed meme coin named after Myro, the dog of Solana's co-founder, Raj Gokal. As such, it's earned the nickname “Solana Founder's Dog.” While the meme coin pays homage to Gokal’s pooch, it's also designed to meet the demand for a dog-themed meme coin narrative in the Solana ecosystem. The project has released Myro plushies, which enthusiasts can pre-order and pay for using MYRO, SOL or 

Released in November 2023, the MYRO token has rallied by 22,095.5% from a low of $0.001995 on Nov 12, 2023 to an ATH of $0.4428 on Mar 9, 2024. At the time of this writing (Mar 25, 2024), MYRO has dropped by over 46% from this peak price to trade at $0.2365.

 is a cat-themed meme coin designed to woo those who missed out on BONK. According to the project’s site, its concept involves a cat named Oatmeal in a series of videos in which the cat is photoshopped, opening its mouth to form an “O” shape. 

POPCAT has done remarkably well, pumping from its lowest price at $0.003797 on Jan 5, 2024 to its ATH at $0.3723 on Mar 15, 2024, representing a hike of over 9,700% in under three months. Currently (Mar 25, 2024), however, it’s trading at $0.2288, a 38.54% decrease from its ATH.

, another cat-themed meme coin, was created to respond to the demand for feline coins on Solana while helping to drive the growth of its ecosystem. Launched in February 2024, the token has rallied from an ATL of $0.0000000005095 on Feb 27, 2024 to an ATH of $0.00000002198 on Mar 15, 2024 — an increase of 4,214.03% within three weeks.

The token has, however, dropped by 75.89% to a price of $0.0000000053 as of Mar 25, 2024.

 token has no actual use cases yet but is part of the meme coins driving utility into the Solana ecosystem. The Pou website features a community-made game in which you can pick from two adorable characters to catch the POU that drops from the sky.

This meme coin pumped by over 5,417% within four days, rising from an ATL of $0.002824 on Mar 11, 2024 to an ATH of $0.1558 four days later.

 is a Solana-based monkey-themed meme coin that depicts an angry degenerate gambler. Its strong community, known as the Ponke Army, has been active in a campaign that requires them to put helmets on the monkeys using the platform's tool.

Within the past three months, the PONKE token has pumped by 1,710.34% from an ATL of $0.00928 on Jan 3, 2024 to an ATH of $0.168 on Mar 14, 2024.

 is a robot cat meme coin designed to scale the Solana ecosystem. The unique thing about this meme coin is that each WEN gives you an equal share of ownership of Meow's poem, “A Love Letter to Wen Bros,” a 

 (WNS) through the Wen Foundation, allowing builders to create tokenized assets on Solana. WNS is fully open-source, easy to integrate with Solana and highly functional with low minting costs.

Similar to other Solana meme coins, WEN has performed exceptionally well this year, pumping from an ATL of $0.0000156 on Jan 26, 2024 to an ATH of $0.0004106 on Mar 9, 2024, an increase of 2,532.05%.

 is a llama-themed meme coin designed to be the “unofficial mascot” of the Solana ecosystem. Like the other meme coins in this article, SOLAMA is meant to draw people back into Solana in a lighthearted way.

As a project, Solama has several components, such as 

, which sells merchandise that gives a certain share of the profits to SOLAMA holders. There are also Solama memes to engage its community, and a Solama game available for PCs and mobile devices.

SOLAMA has pumped incredibly over the past two months, rising by 91,359.7% from a low of $0.0001651 on Jan 8, 2024 to an ATH of $0.151 on Mar 8, 2024. However, it has since declined by 76.49% to its current price of $0.0355.

 is a Solana-based fire-breathing dragon meme coin that has approached the crypto space from a 

 perspective. Besides running on Solana, Smog also runs on Ethereum.

The project encourages meme coin enthusiasts to stake or hold SMOG tokens for 90 days in order to earn points, which makes them eligible for an 

. Its first season is scheduled to conclude on Apr 3, 2024, with the second season already underway (since Mar 15, 2024).

The project distinguishes itself through its clear-cut tokenomics, clearly setting SMOG apart from its peers. SMOG tokens are distributed as such:

SMOG has pumped by 1,906.38% in one month, increasing from an ATL of $0.01883 on Feb 8, 2024 to an ATH of $0.3772 on Mar 8, 2024.

What to Consider When Investing in Solana Meme Coins

Evidently, Solana meme coins can make you rich overnight. However, similar to other projects in crypto, high returns carry high risk. As such, keep the following considerations in mind when buying Solana meme coins.

While meme coins can provide a lucrative avenue to riches, the meme coin landscape is also filled with 

 in which you can lose your assets in the blink of an eye. Therefore, when investing in meme coins, gauge your risk appetite and consider whether you’re prepared for any losses and, if so, how much.

It’s true that very few meme coins have any actual use cases. You’ll 

 each project's vision and surmise whether it’s promising, and can impact the crypto space. You may find that some of these projects have sparse information — which is usually a red flag.

, a strong community (“an army”) is needed to create buzz around the project. You can visit the project’s social media pages — especially X, Discord and Telegram — to see what its community says about the project.

Diversification is key when investing. With meme coins, invest only what you’re willing to lose. To cushion yourself, invest in other crypto assets, such as 

The meme coin narrative is quite sensitive to market movements. Watch how the crypto market is performing, especially 

, since meme coins respond heavily to how these fundamental assets move.

 (CEXs). We highly recommend Bybit, which provides a user-friendly platform with advanced security measures for you to trade meme coins. You can also buy these meme coins through Solana DEXs, such as 

, or through Solana wallets like Phantom.

The current Solana meme coin mania hasn’t gone unnoticed by the crypto community. It’s brought attention back to Solana, a leading blockchain in the 

 space due to its scalability and its fast and cheap transactions.

The meme coins described above have proven that a strong community spirit coupled with technological innovation can lead to limitless possibilities. While meme coin investors do need to understand the psychology of meme coins, and to appreciate that these are high-risk assets, let’s keep an eye on the Solana meme coin space as the current bull run continues to unfold. 

13 Top Solana Meme Coins Worth Noting in 2024

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards