#HotTrends #BitcoinBlast Bitcoin Rebounds Above $67K Amid Pre-FOMC Volatility, Memecoins Surge

According to CoinDesk, Bitcoin rebounded above $67,000 during Monday's Asian trading hours amid pre-Federal Open Market Committee (FOMC) volatility and investor confidence in buying the dip. Singapore-based QCP Capital noted that Bitcoin had bounced back from its weekend lows of $64,500, with heavy put selling suggesting that investor fear had dissipated. However, FOMC risk is also causing concern for Bitcoin investors, as recent U.S. economic data indicated persistent inflation, leading to higher interest rates and a stronger dollar, which is unfavorable for risk assets.

Over the weekend, memecoins gained popularity, pushing the sector's market cap up over $55 billion, an 11% increase, according to CoinGecko data. Top movers included SHIB, up 10.8%, DogWifHat (WIF), up 30%, and CORGIAI, up 8.5%. The tokens behind the chains these meme coins are issued on, such as Solana's SOL and Avalanche's AVAX, also experienced gains. Solana has become a trendy crypto asset among traders, with new meme tokens emerging frequently. The CoinDesk SCPXX, which covers smart contract platforms excluding ether, is up 8.2%, outperforming the CoinDesk 20 (CD20) index, a measure of the largest digital assets, which is up 3.5%.