Bitcoin (BTC) Price Surges to $67,200, Altcoins on the Rise: Santiment’s Top Picks
Bitcoin (BTC) price surged to $67,200 in the past 24 hours, fueled by traders’ optimism following the weekend’s halving event. The flagship coin is now eyeing $70k in a bid to reach a new all-time high (ATH) in the coming weeks. Despite the increase in mining difficulty, Bitcoin miners have not been selling in recent times, adding to the bullish sentiment in the market.
As of the latest report, Bitcoin is trading around $66,300, triggering heightened altcoin volatility led by Solana (SOL) and Ripple-backed XRP. Market intelligence platform Santiment has identified several altcoins on its buy list, as short-term Bitcoin traders begin to distribute profits to more speculative assets, including meme coins.
One of the standout performers in the meme coin category is POPCAT, a Solana-based project that has seen a 30 percent rally in the past 24 hours to trade around 38 cents. With a fully diluted valuation of $371 million and a 24-hour trading volume of $117 million, POPCAT is on track to retest its all-time high with expectations of further price discovery in the near future.
In the DeFi-based altcoin category, Amp (AMP) has caught the attention of speculative investors with a sharp uptick in trading volume. AMP saw a 50 percent increase in daily trading volume to $25 million during the early Asian session on Tuesday. With a fully diluted valuation of $796 million, the small-cap altcoin has gained over 22 percent in the last seven days to trade around $0.0079.
Overall, the cryptocurrency market is experiencing a surge in activity, with Bitcoin leading the charge towards a new all-time high. As traders look to capitalize on the momentum, altcoins like POPCAT and AMP are emerging as top picks for speculative investors seeking high returns in the current market environment.
