Bitcoin Holds $64K as Shiba Inu Leads a Major Meme Coin Rally

Bitcoin continues to show resilience as it holds steady above the $64,000 support level. The asset briefly climbed to $64,500 over the weekend after global political tensions eased. While the price saw some volatility throughout the week, including a peak near $67,000, it has managed to defend its current range and maintain a market dominance of nearly 57 percent.

While major cryptocurrencies like Ethereum and XRP show modest gains, the real excitement is happening in the meme coin sector. Shiba Inu has grabbed headlines with an impressive 35 percent jump, marking a fresh two month high. Other coins in the sector are also seeing action, with PEPE climbing nearly 10 percent and Dogecoin showing solid gains of 5.8 percent.

Investors are keeping a close eye on these movements as total market capitalization remains just under $2.3 trillion. The sudden interest in meme coins suggests a shift in short term trader focus, even as Bitcoin works to maintain its established base. We will be watching to see if Bitcoin can push past its recent resistance levels or if the meme coin rally gains even more momentum in the coming days.