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Analysis: Bitcoin and Meme Coins Surge Together, Market Funds Show 'Barbell Strategy' Structure
Summary: In the past 24 hours, Bitcoin has surged over 2%, breaking through $74,300 for the first time since early February, while Ethereum rose by about 7%. Mainstream tokens like XRP and Solana also saw gains of over 4%. Meanwhile, Meme coins performed even stronger, with PEPE rising by 19%, BONK and PENGU up over 10%, ...
In the past 24 hours, Bitcoin has surged over 2%, breaking through $74,300 for the first time since early February, while Ethereum rose by about 7%. Mainstream tokens like XRP and Solana also saw gains of over 4%. Meanwhile, Meme coins performed even stronger, with PEPE rising by 19%, BONK and PENGU up over 10%, and SHIB outperforming Ethereum. Analysts believe that the market funds are showing a 'Barbell Strategy' structure, with institutions increasing their allocation to mainstream assets like Bitcoin on one end, and participating in high-risk speculative assets like Meme coins on the other end. This trend has been gaining popularity since 2023-2024. (CoinDesk)
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