Bitcoin Cost Hits $71,000 as Meme Coins ORDI, DOG, and PUPS Surge

The key cryptocurrency is rising again, as Bitcoin hit its greatest cost in 2 days and nearing the greatest point seen since April’s quadrennial halving event. It comes down as Bitcoin-based fungible tokens like ORDI and DOG are surging in cost, reflecting growing curiosity about BTC meme coins.

Bitcoin rose over the $71,000 mark on Tuesday, based on Coinbase, popping up to $71,042. In a current cost of $70,885, per CoinGecko, it’s up greater than 2% at the time, pushing its 30-day rise to 10%.

But a few of the greatest fungible tokens minted around the Bitcoin blockchain through the BRC-20 and Runes token standards are seeing much bigger gains of late—including ORDI, an expression which had chilled in recent several weeks.

ORDI, that was the very first token minted this past year through the BRC-20 standard on Bitcoin, expires nearly 16% at the time to some current cost just beneath $54. That’s the greatest cost recorded since early April, when BRC-20 assets were broadly cool down awaiting the new Runes token protocol launching plus the April 19 halving.

Now ORDI has marked a 33% jump within the last week alone, reaffirming its status because the largest Bitcoin-based fungible token by market cap at $1.13 billion. It’s the 92nd largest cryptocurrency overall with that mark, per CoinGecko.

Other BRC-20 tokens are up much bigger now too, including PUPS (up 121%) and Bitcoin Wizards (WZRD, up 136%). Meanwhile, the very best Runes token has published similar gains—and might be gunning for ORDI’s place because the leading Bitcoin meme gold coin.

That newcomer is DOG•GO•TO•THE•MOON, also known as DOG, which is definitely the greatest token minted around the Runes protocol to date. It had been airdropped liberated to holders of Runestones—an NFT-like Ordinals inscription that itself was airdropped liberated to early Ordinals collectors—and has since grown by a lot because it challenges dog-themed meme coins on other chains.

DOG has become up 11% at the time, and it has greater than bending in cost during the last week, up by 120% in 7 days. In a current cost above $.0095, DOG includes a $960 million market cap. It’s lower a couple ofPercent from your all-time high cost set earlier Tuesday, but doesn’t have the symptoms of lost momentum because the cost is booming once again.

The token makes up about a big area of the broader Runes protocol market cap, which sits just above $2.4 billion per data from GeniiData. Runes had an explosive launch in April, however chilled for days. However, in only the final two days alone, you’ve seen Runes tokens with each other hit after which exceed a $1 billion market cap the very first time.

No bigger dog-themed meme coins by market cap have fared as well recently. Dogecoin (DOGE) is lower nearly 2% around the week, the Ethereum-based Shiba Inu (SHIB) has fallen by 6% in that span, and Solana’s BONK has stepped by 21% during the last week.