#MemecoinSentiment Bitcoin surged to $118,000, gaining over 6% in the past 24 hours, fueled by strong spot ETF inflows and a large short squeeze that wiped out over $1 billion in short positions. Ethereum also rose sharply, crossing the $3,000 mark, backed by consistent institutional investments. The overall crypto market capitalization has climbed to approximately $3.7 trillion. Altcoins like Stellar gained 25%, while MemeCore soared nearly 70% amid renewed interest in niche assets. Market momentum is driven by increasing adoption, favorable U.S. legislative developments, and optimism around a potential Fed rate cut. Technical indicators point to further upside in the short term.