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    CoinDesk 20 index rises as Bitcoin nears $100,000; Ether and memecoins also gain momentum

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    The CoinDesk 20 Index increased 2.24% to 3,048.35, while Bitcoin rose 4.55% to approach $98,000, nearing the significant $100,000 milestone. Ether also experienced a 6.06% raise, being priced at $3,284.40. S&P 500 showed no change, and Nikkei 225 fell by 0.85%. MicroStrategy, MARA Holdings, and Semler Scientific, top US firms trading in crypto, also witnessed growth. The “memecoins” surge on Google Trends signaled a rising interest in these digital assets. BitGo’s expansion to Singapore, Sky’s Stablecoin attracting Solana traders with high USDS yields, and SEC’s $4.6 million payout to BitClave investors were among top trending posts.

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    This article was originally posted in First Mover, CoinDesk’s daily newsletter that keeps you updated with the latest trends in the crypto market. Sign up to receive it in your inbox every day.

    Recent Prices: The CoinDesk 20 Index stands at 3,048.35 indicating a 2.24% increase. Bitcoin is at $97,988.32, up by 4.55%.

    Ether, another cryptocurrency, is at $3,284.40, up by 6.06%. The S&P 500 shows no changes and remains at 5,917.11. Gold increased by 0.56%, now standing at $2,664.88. The Nikkei 225 decreased by 0.85% to 38,026.17.

    News wrap: Bitcoin’s value neared $98,000, marking an impressive rally since Donald Trump’s win in the US Presidential election. Other currencies like Ether, Chainlink, and Uniswap also recorded significant growth in the past hour. Bitcoin is now tantalizingly close to the $100,000 mark, which could trigger a minor pullback as investors look to cash in on the currency’s recent surge.

    Top US companies dealing in crypto like MicroStrategy, MARA Holdings, and Semler Scientific also experienced growth in the lead-up to the market opening. The creator of the viral Chillguy meme threatened legal action, leading to a significant drop in the price of the Solana-based CHILLGUY token.

    The Chart of the Day section presents how the term “memecoins” is currently trending on Google Trends, indicating an upsurge in interest in these digital assets.

    Today’s trending posts include BitGo’s expansion to Singapore and other crypto-friendly regions in Asia, Sky’s Stablecoin attracting Solana traders with high USDS yields, and the SEC distributing $4.6 million to BitClave investors.

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