Bitcoin has recently surged above $98,000, marking a significant increase from an eight-month consolidation period. The cryptocurrency gained 4.5% within 24 hours, continuing its ascent after crypto-friendly Donald Trump's presidential win. The imminent $100,000 milestone poses a psychological barrier, potentially inducing profit-taking after a remarkable 40% rally in just two weeks. Gracy Chen, CEO of Bitget, noted that if Bitcoin surpasses this threshold, a pullback is likely as investors may reassess their positions. Meanwhile, associated U.S. equity markets are experiencing a positive trend, with major corporate players like MicroStrategy seeing significant stock gains. Additionally, the meme token CHILLGUY gained traction before legal challenges caused its value to drop. Notably, recent interest in “memecoins” has peaked according to Google Trends, indicating a potential surge in retail investor activity.

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