Bitcoin Surpasses $100000, Meme Coins Soar

As Bitcoin continues its smooth flow over the weekend after exceeding $100,000 on the 9th, altcoins are showing a good trend of soaring together.

In particular, Ethereum, which had been sluggish for months, rose 21% on the 8th and continued to rise by 6% and 10% on both the 9th and 10th, reversing the market atmosphere.

Meme coins rose sharply as the starters, with Dogecoin, Pepe and Peanut rising 45%, 66%, and 128%, respectively, over the three days.

Bitcoin is trading at $104,405 on Binance, the world's largest virtual asset exchange, as of 10:20 a.m. on the 11th, up 1.34% from the previous day.

Bitcoin surpassed $100,000 again for the first time in 91 days since February 7th on the 9th and rose to $104,984 on the 10th, the highest price since January 31st.

Bitcoin has soared 40.9% in about a month since hitting $74,508 on the 7th of last month due to the tariff shock.

Not only bitcoin, but also altcoins rose significantly.

Ethereum surged more than 40% over the past three days, leading the rise of altcoins.

The overall market capitalization of the virtual asset market also jumped more than 10% in three days from $3 trillion to $3.35 trillion.

Among the top stocks in market capitalization, meme coin has taken a high rate of increase.

MemeCoin has been trending higher recently whenever the market shows a recovery.

Over the past three days, meme-coin's dominant Dogecoin has risen 45.7%, while Pepe has risen 66.1% and Peanut has risen 128.8%.

Meme coins are coins created for fun without any function.

MemeCoin has recently been playing a role in presenting speculative sentiment in Daishin's market without riding a special narrative.

As Ethereum surged, Ethereum ecosystem coins also showed a high rise.

Etena rose 56.7% over the past three days, Temperatures rose 26.3% and Chainlink rose 25.6%.

Ethereum's flagship non-table liquidity restaking protocol, "EthePie," showed a sharp rise of 102.7%.

The transaction value of the country's top five virtual asset exchanges (Upbit, Bithumb, Coinone, Cobbit, and GoFax) also jumped 93.6% to $5.17 billion as of the 10th, compared to $2.67 billion three days ago.

Domestic transactions seem to have surged amid a steep rise in the virtual asset market.

The virtual asset market now expects the U.S.-China trade dispute to be resolved.

This is because the virtual asset market could rise more steeply if macroeconomic problems are resolved.

U.S. President Donald Trump said in a post on Truth Social on the 10th (Eastern Time) that "there was a very good meeting with China in Switzerland today," adding, "A lot was discussed and a lot was agreed."

"In a friendly but constructive form, there was a complete reset negotiation," he said, adding, "We want to see China open up to the U.S. industry for the benefit of China and the U.S. Big progress has been made," he said.

The U.S. is believed to have asked China to expand its market opening for U.S. goods, including agricultural products, and lift a ban on rare earth exports.

China is likely to have conveyed its position that the U.S. should first withdraw its high tariffs on China.

The two sides are scheduled to hold a meeting on the 11th.