Odaily Planet Daily reports that over the past 24 hours, Bitcoin rose more than 2%, briefly breaking above $74,300 for the first time since early February; Ethereum increased by approximately 7%, while major tokens such as XRP and Solana all gained over 4%. Meanwhile, the meme coin sector performed even more strongly, with PEPE surging 19%, BONK and PENGU rising over 10%, and SHIB posting gains exceeding those of Ethereum. Analysts suggest that current market capital allocation is adopting a “barbell strategy”—allocating assets on one end to mainstream assets like Bitcoin, whose institutional adoption continues to rise, and on the other end to high-risk speculative assets like meme coins. This approach has gained popularity since 2023–2024. (CoinDesk)
Bitcoin and meme coins rise as market funds adopt a barbell strategy
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Summary
Bitcoin news shows the top asset rising over 2%, reaching its highest level since early March, while Ethereum climbed nearly 7%. XRP and Solana added over 4%. Meme coins surged even stronger, with PEPE up 19%, BONK and PENGU over 10%, and SHIB outperforming Ethereum. Analysts note a growing barbell strategy, with funds allocated between Bitcoin and speculative assets. The Fear & Greed Index remains skewed toward risk-taking, reflecting this trend.
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