Bitcoin (BTC) approached $64,000 during early Asian hours on Monday, coinciding with an eventful week ahead for the US economy. Investors are looking forward to the Federal Reserve's meeting minutes and essential economic reports from August that assess growth trends.

BTC experienced a 3% increase, triggering a general uptick across the market. Prominent cryptocurrencies, including ether (ETH) and dogecoin (DOGE), rose up to 4%. The broader CoinDesk 20 index, which tracks significant tokens, surged by 3.26%. Among others, frog-themed Pepe (PEPE) spiked by 14%.

The Bureau of Labor Statistics (BLS) plans to release adjusted annual CPI and PPI rates in September along with jobless claims statistics for the week ending October 5.

Asian markets were buoyant, with the tech-focused Hang Seng index soaring 3% and Korea's KOSPI up by 1%. The People's Bank of China has introduced several stimulus measures recently, enhancing regional investor optimism. More strategies are anticipated to be announced at a press conference scheduled for Tuesday morning local time.

In the mid-cap sector, Bittensor's TAO gained 14% as social interest and AI token attractiveness surged, reflecting a 7.5% overall increase for this sector on CoinGecko. Cats-themed memecoins are gaining popularity, leading over dog-themed varieties, as flagged by CoinDesk previously.

Social media discussions on the 'memecoin supercycle' predicted that meme-based tokens may drive the next cryptocurrency bull market. Recent surges in memecoins like popcat (POPCAT) and mog (MOG) have surpassed 12% in the last 24 hours, while other smaller tokens like GIGA and SPX6900 gained over 20%.

Market sentiments are shifting towards riskier bets as noted by one participant, who expressed concerns about potential bearish trends for memecoins contingent on the outcome of the 2024 elections, suspecting that capital might pivot towards utility-based tokens following significant regulatory clarity.