Crypto Market Rebounds as Bitcoin eyes All-Time High
The crypto market is showing signs of recovery,with a href=”https://crypto.news”>crypto.news/a Reports
The crypto market has seen a 3.5% rebound over the past 24 hours, reaching $3.48 trillion.This recovery was driven by Bitcoin’s successful defense of the $105,000 support level on July 2. The benchmark asset climbed to an intraday high of $109,600, just $2,900 away from its all-time high.
Analysts predict Bitcoin could soon reach new all-time highs as sentiment improves across institutional and retail segments. Simultaneously occurring, meme coins like Moo Deng and Bonk are gaining attention.
Moo Deng Surges on Upbit Listing and Birthday Hype
Moo Deng (MOODENG) has rallied 45% over the past 24 hours after South Korean exchange Upbit announced its listing. the token’s price spiked 31% within 20 minutes of the declaration.
A key factor is the party of baby pygmy hippo Moo Deng’s first birthday on july 10, 2025. This event has become a viral sensation, driving social media activity and crypto-market interest. Despite some whales offloading holdings, retail demand has kept the price up.
On-chain data shows exchange balances have fallen 12%, indicating holders are preparing for further gains.Moo Deng’s price remains above its 20-day and 50-day moving averages, signaling sustained bullish momentum.
Bonk Gains Traction with Upcoming Token Burn
Bonk (BONK) is up 21% over the past 24 hours, trading at $0.0000172.The project’s team plans to burn 1 trillion BONK tokens once it hits 1 million holders, currently at 943.41k.
Technically, Bonk has broken out of a falling wedge pattern and is holding above its 50-day exponential moving average.The MACD indicator has also flipped positive, suggesting a shift in momentum favoring buyers. These factors, combined with the upcoming token burn, place Bonk in a favorable position for short-term price thankfulness.
