Recent Market Updates

Bitcoin tested the $64,000 mark as the market braces for a week filled with significant economic reports from the U.S. The cryptocurrency price fluctuated, dropping slightly back to around $63,000, yet still reflecting a 1.6% increase over the past 24 hours. The overall digital asset market experienced a gain of about 1.5%, as seen by the CoinDesk 20 Index. Key announcements from the Federal Open Market Committee (FOMC) and other economic data are expected soon. The Bureau of Labor Statistics will provide crucial inflation figures for September as well as jobless claims for the week ending October 5.

Memecoins Trending

Memecoins saw an uptick over the weekend, spurred by rising social sentiment among crypto traders. Discussion around the so-called "memecoin supercycle" gained traction, suggesting that these tokens might lead the forthcoming cryptocurrency market surge. Tokens like Solana-based popcat (POPCAT) and Ethereum-based mog (MOG) rose over 12%, while simon's cat (CAT) from BNB Chain increased by 10%. This trend continues amid low volatility in the more mature sectors of cryptocurrency.

Metaplanet's Bitcoin Acquisition

Additionally, Metaplanet disclosed it has purchased another $6.7 million worth of Bitcoin, increasing its holdings to approximately 639.5 BTC, valued at around $40.6 million at current prices. This investment aligns with the company's strategy, having spent close to 6 billion yen on Bitcoin so far, making it a significant player among Asia-listed companies.