Cryptocurrencies are going crazy again! Dogecoin leads the surge of altcoins, and Bitcoin briefly surpasses $44,000.

The recent surge in the cryptocurrency market is mainly driven by Meme tokens and new types of NFTs, leading to a sharp rise in altcoins. Dogecoin has become the hottest token in the past two years, with many tokens experiencing gains of over 1000%, although their trading prices remain relatively low. In addition, the value of tokens on trading platforms such as Solana and Avalanche has also skyrocketed, with Bitcoin reaching its highest level in over a week. The CEO of cryptocurrency investment firm Satori Research stated that the altcoin season is back, similar to the first quarter of 2021. Bitcoin is expected to be influenced by the approval of spot ETFs and the recovery of FTX's debt claim prices. The debt claim prices of the bankrupt cryptocurrency exchange FTX Group have also increased to some extent.