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Why is crypto up today? Crypto is green to start the week as Bitcoin’s fresh all-time high and a softer dollar lift risk appetite, while SPX, FARTCOIN, and AIC headline Sunday’s biggest movers ahead of FOMC.
The crypto market gained ground over the past 24 hours, led by meme and AI-linked tokens after Bitcoin set a new record above $125,000 on Sunday.
As total crypto capitalization edged higher, SPX6900 (SPX), FARTCOIN, and AI Companions (AIC) stood out among the top performers. Their gains tracked renewed inflows into US spot Bitcoin ETFs and a weaker dollar that lifted risk sentiment.
Bitcoin’s weekend breakout, which took place during Asian hours, set the tone for Monday’s trading ahead of FOMC. The move was driven by strong ETF demand and supportive macro conditions.
According to SoSoValue data, US spot Bitcoin ETFs drew roughly $3.2Bn to $4.5Bn in net inflows last week, one of their largest weekly totals since launch. That liquidity helped fuel momentum across altcoins.
Meanwhile, the US Dollar Index (DXY) eased toward 97.7 late last week, giving risk assets more room to run. The total crypto market value now stands at nearly $4.2 trillion, up slightly on the day.
SPX rose about +11% in the past 24 hours and +55% in the recent week to roughly $1.56, extending its seven-day climb to around 58%.
Trading volume exceeded $100 million across major exchanges, reflecting deeper liquidity since Coinbase added the token in early September.
The Solana-based meme coin FARTCOIN rose about 12% in the last 24 hours to nearly $0.70. It’s now among the biggest movers in the AI/meme token group, based on category trackers.
CoinGecko reports $235M in 24-hour volume, with Coinbase among the busiest exchanges a sign of wide, multi-exchange trading.
Meanwhile, AIC jumped 14% over the same period (to about $0.55) and is up ~78% for the week.
The rally follows the project team’s announcement of a seven-figure buyback and burn initiative, which was heavily promoted on X. The burn event took place last week, with further updates over the weekend. (“Our $1,000,000 buyback and Burn campaign is STILL in motion,” the team posted.)
After Bitcoin hit a new high, traders appear to have shifted their focus to meme and AI tokens.
These assets often experience sharper moves when there’s liquidity and narrative catalysts, such as exchange listings (in SPX’s case) or supply changes (like AIC’s burns).
