Odaily News Rennick Palley, founding partner of crypto fund Stratos, said: The popularity of Meme coins is mainly due to the re-entry of Asian traders into the market, and the prices of most Meme tokens have risen most significantly during the Asian trading hours (midnight in the US time). This is a follow-up impact of the ETH ETF boom and the shift of US regulators to more supportive of cryptocurrencies. Alex Kuptsikevich, senior market analyst at FxPro, said that despite recent volatility in Bitcoin, it is still in a bearish trading range. "A clear exit and a daily closing price above $70,000 will break this bearish pattern. Before that, the classic development trend is a pullback to the lower range of around $68,000." (CoinDesk)