Biggest Crypto Gainers Today on DEXTools – BOBA, SHIBA, GAMER
Bitcoin (BTC) is trading flat in the mid-$28,000s after hitting its highest level since early August on Monday near-$30,000 on fake rumors that the SEC had approved BlackRock’s spot Bitcoin ETF application.
While those reports turned out to be fake, markets remain optimistic that spot Bitcoin ETF applications will be approved in the months ahead in wake of the SEC decision not to appeal against a legal loss it just sustained versus Grayscale.
In August, a judge ordered a review of the SEC’s decision to reject Grayscale’s application to transform its Bitcoin Trust (GBTC) to a spot ETF.
That could explain why Bitcoin has been able to hold firm in the mid-$28,000s, despite a spike in US yields on Tuesday following hot US Retail Sales data.
In wake of that data, the US money market pricing implied probability that the Fed lifts interest rates at least one more time before the end of the year has jumped to over 45%, up around 11% versus Monday as per the CME’s Fed Watch Tool.
Elsewhere, Ether (ETH) underperformance versus Bitcoin continues, with the cryptocurrency down around 1% in the last 24 hours as per CoinGecko.
Other major altcoins are mixed, with XRP (XRP), Dogecoin (DOGE) and Cardano (ADA) down 1-2% in the past 24 hours, whilst Solana (SOL) is up close to 2% and Toncoin closer to 5%.
With not much action to speak of in the blue-chip crypto markets on Tuesday, traders will continue to turn to the highly illiquid and volatile shitcoin/meme coin markets for a better possibility of near-term gains.
Here are some of the top-performing low-cap shitcoins as per DEXTools.
A newly launched shitcoin called Boba Fett ($BOBA) has seen an impressive 500% pump since its launch earlier on Tuesday.
The shitcoin last had a market cap of around
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