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Bitcoin Holds Near $81,700 as Broader Crypto Market Moves Higher

Bitcoin edged higher since midnight UTC, while broader altcoin and memecoin measures posted stronger gains. Pepe was reported to have risen 13%.

By Chloe ·

Bitcoin Holds Near $81,700 as Broader Crypto Market Moves Higher

Bitcoin traded near $81,700 after gaining 0.5% since midnight UTC, according to the latest market snapshot. The move was modest compared with gains across broader segments of the cryptocurrency market, where altcoins and memecoins advanced more quickly.

The CoinDesk 80 index, which tracks a wider group of crypto assets, rose 1.4% over the same period. Memecoins performed even better as a category, climbing 2.9%. The figures point to a session in which market strength extended beyond bitcoin, although the available data does not establish a broader trend or explain what drove the moves.

Altcoins outperform bitcoin in the snapshot

Bitcoin's 0.5% increase placed it behind both the CoinDesk 80 and the memecoin segment on a percentage basis. That comparison highlights the uneven performance often seen across digital assets: a relatively small move in the largest cryptocurrency can coincide with larger gains among more speculative or narrowly defined groups.

Pepe was identified among the stronger individual performers, with the memecoin climbing 13%. The token's move exceeded the 2.9% gain recorded for memecoins overall, indicating that performance within the category was not uniform.

What the market data shows

  • Bitcoin was up 0.5% to around $81,700 since midnight UTC.
  • The CoinDesk 80 gained 1.4%.
  • Memecoins rose 2.9% as a group.
  • Pepe climbed 13%, according to the reported market update.

These numbers represent a point-in-time market update rather than a forecast. They show that bitcoin was steady to slightly higher while selected altcoins and memecoins recorded larger percentage gains during the measured period. No additional information was provided on trading volume, catalysts or whether the moves continued after the snapshot.

Source: Coindesk