First Mover Americas: BTC Rebounds to $67K After Subdued U.S. Economic Data Reading

Jamie Crawley is a CoinDesk news reporter based in London.

ETH/BTC Ratio Slid to Lowest Since April 2021CoinDesk 20 Index: 2,064.97 -0.48% Bitcoin : $67,040.16 +0.87% Ether : $2,525.17 -2.31% S&P 500: 5,797.42 -0.92% Gold: $2,736.32 +0.71% Nikkei 225: 38,143.29 +0.1%Bitcoin returned to $67,000 during the Asian morning after economic data from the U.S. on Wednesday seemed toThe Fed's latest Beige Book survey of economic conditions across the U.S.

SOL set a record high against ether, while network-based memecoins POPCAT, BONK and GOAT rose as much as 70% amid a bump in network volumes and trading activity. TThe Solana ecosystem is a flourishing hotbed for trading activity for its engaged community and prevalence of small-cap trading, where a frenzied memecoins trend often lasts a few weeks that boosts SOL prices. Over 40,000 new tokens were created on Solana in the past 24 hours, SolanaFloor data shows.

Both remain subdued, well within their 2024 extremes, a sign traders do not expect extreme movements ahead of the U.S. election.

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