PEPE, SHIB and DOGE rally as Bitcoin breaks above $88,000
- —PEPE surged 30% in 24 hours to $0.0000053, its highest since January
- —DOGE climbed 15% to $0.1056, up 47% from its yearly low
- —SHIB rose to $0.00000627, breaking above its 50-day moving average
- —Meme coin market cap hit $37 billion as the Fear and Greed Index reached 77
Why it matters: Meme coins outpace Bitcoin on risk appetite but fall harder, so their rally signals a potentially overheated market.
Source: Invezz