Breaking News: Moo Deng and Bonk Steal the Show as Bitcoin Charges Toward New Highs

Hold onto your hats, crypto fans! Moo Deng and Bonk are set to dominate the headlines this week, while Bitcoin bulls are revving up to push the king of crypto to new dizzying heights.

The total crypto market cap just rocketed up 3.5% in the last 24 hours, hitting a staggering $3.48 trillion after a couple of days in the red.

This epic comeback was sparked by Bitcoin's fierce defense of the $105,000 level on July 2, triggering a bullish U-turn that had traders cheering.

The benchmark asset soared to an intraday peak of $109,600, a nearly 4% jump from its recent low, before settling around $108,900. At this point, Bitcoin is a mere $2,900 away from smashing its all-time high. The excitement is palpable!

With both big shots and everyday investors feeling the buzz, analysts are now predicting Bitcoin could soon take a shot at fresh record highs. Buckle up, folks!

Meanwhile, the meme coin scene is heating up, fueled by a mix of general market optimism and some serious project mojo.

Moo Deng

Moo Deng (MOODENG) is on fire after South Korean exchange Upbit announced they're listing the token today. The memecoin skyrocketed 31% in just 20 minutes post-announcement, adding up to over 45% gains in the last 24 hours. Talk about a rocket launch!

What's got everyone so hyped? It's baby pygmy hippo Moo Deng's first birthday bash on July 10, 2025. This little cutie from Thailand's Khao Kheow Open Zoo became an internet sensation, and her birthday has turned into a viral event that gets the community buzzing every year.

This year marks the one-year anniversary of that viral explosion. Remember last May when her 10-month milestone sent social media into a frenzy and meme tokens and NFTs soared? Well, traders are betting on a repeat performance.

Despite some whales cashing out, Moo Deng's rally isn't slowing down, thanks to hardcore retail support. The community's love is clear: on-chain data shows a 12% drop in exchange balances in the last 24 hours as more holders stash their tokens, ready to ride the wave.

On the charts, Moo Deng is holding strong above its 20-day and 50-day moving averages, screaming bullish momentum and solid trend support. Plus, it's formed a round bottom pattern, hinting at a big move up. Get ready for lift-off!

Bonk

Bonk (BONK) is also making waves, last seen trading at $0.0000172, up 21% in the past 24 hours with a market cap of $1.3 billion. Traders are all eyes on Bonk as the team plans to burn 1 trillion BONK tokens once they hit 1 million holders. They're currently at 943.41k, so the countdown is on!

When tokens get burned, they're gone for good, and that's often seen as a bullish sign since less supply can mean more price power if demand stays hot.

Technically, Bonk just broke out of a falling wedge pattern on the daily chart, a classic bullish move that usually means more gains are coming. It's also holding above its 50-day moving average, adding to the short-term bullish vibes.

Plus, the MACD indicator is showing positive signs, with the signal line pointing up, hinting at a shift in momentum toward the bulls.

All these signals together suggest Bonk could keep climbing, especially if hitting that 1 million holders mark triggers the token burn. With solid chart patterns, growing excitement, and a looming supply cut, Bonk is in a sweet spot for some serious short-term gains.

Disclosure: This article isn't investment advice. It's just here to educate and get you pumped about the wild world of crypto!