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Bitcoin is rallying, with the overall market bullish amid positive vibes from the pro-crypto Donald Trump camp ahead of his inauguration in January.

Meanwhile, analysts are ultra-hyped about the potential for meme coins to outpace the broader market again.

Creating the most buzz today is Keanu (KNU), a new meme coin inspired by one of the world’s most beloved human beings: Keanu Reeves.

Here’s why Bitcoin’s rally has the rest of the market excited and piling into KNU.

Bitcoin edged closer to the psychological $100,000 level as fresh momentum catapulted the coin to its highest level above $97k.

November has been a massive month for Bitcoin price so far, with Republican Trump’s win catalyzing positivity for an industry that heaved under an anti-crypto agenda from the outgoing government.

The idea of a “Trump trade” has the market saying the best is yet to come for crypto, and Bitcoin’s spike to $100k will only be the beginning of a major bull cycle.

Trump has helped this with nomination of pro-crypto individuals to key government positions, including Elon Musk and Robert J.F. Kennedy.

Spot Bitcoin exchange-traded funds and the newly-approved Bitcoin ETF options trading are adding to the interest.

It’s an outlook that analysts at QCP Capital say could attract new investors and solidify the upside momentum for BTC.

According to CoinGecko data, Bitcoin’s rally saw it hit highs of $97,839 on November 21, a whisker away from the much-desired $100k mark.

Keanu is a new token just launched via fair launch on Solana’s Pump.fun, entering the market as Bitcoin (BTC) spiked to its highest level ever above $97k.

Analysts from JPMorgan, Standard Chartered and Bernstein have all offered major price forecasts for Bitcoin in coming months.

The consensus seems to be that Bitcoin price will surpass $100k, with highs of $150k-$200k in this cycle possible.

But what does it mean for meme coins such as Dogecoin, Popcat and hot new entry Keanu?

According to crypto investor and former Ark Invest crypto lead Chris Burnske, rotation into altcoins is the next step.

“$BTC’s incredible strength sows seeds of doubt in alts, and those seeds of doubt are what create the next opportunity.

Seen it happen repeatedly, with new reasons sprouting each time for why a rotation won’t happen again — and yet, just as Earth spins, we’ll rotate,” he posted on X.

Investors keen on this likely opportunity are aggressively positioning with bargain buys in the altcoin and meme market.

Keanu (KNU), which brings the feel-good vibes amid serious action of the John Wick franchise lead star Keanu Reeves, stands out as one of the potential buys.

The 100% fair launch means no dubious allocations that later hinder price, breeding toxicity.

In the hours after its launch, KNU price has spiked more than 68%.

The current price is $0.0009558, but could explode with a new move for Solana and its meme coin ecosystem.

Want to learn more about Keanu? Visit the official website.

The post Bitcoin spikes past $97k: what does it mean for Keanu (KNU)? appeared first on Invezz

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