Dogecoin and other meme cryptos surge as bitcoin breaks out above $30,000

• Bitcoin pushed past $30,000 this week, causing meme crypto tokens to surge.
• The value of the top meme tokens rose 8% to $15.7 billion in the last 24 hours.
• It’s a sign investors are growing more bullish despite higher rates and tighter regulation.

Dogecoin, Pepecoin, and other meme cryptocurrencies surged over the last week as bitcoin broke out above $30,000 — a sign that crypto investors are growing more bullish on the sector despite the recent retreat in prices.

Bitcoin rose 21% over the past week, and was trading at $30,110.16 on Thursday. The move upward coincided with big seven-day rallies in popular meme cryptocurrencies like Dogecoin (up 9%), Shiba Inu (up 22%), and Pepecoin (up 88%).