Meme coins are experiencing a significant surge, outpacing the broader cryptocurrency market, as Bitcoin stabilizes above $90,000. This rally highlights renewed risk-on sentiment amid improving macroeconomic conditions.

### Leading Meme Coins Post Impressive Gains
Key players like **Pepe**, **Bonk**, and **Shiba Inu** have led the charge with substantial 24-hour increases. According to CoinGecko data:
- **Bonk** gained over 20%
- **Pepe** rose 14%
- **Shiba Inu** increased 10%

On a weekly basis, **Pepe** stands out with a 70% rally, followed by **Bonk** at 48% and **Dogecoin** at 22%.

### Bitcoin's Role in the Rally
Bitcoin has closed higher for four consecutive days, breaking past the critical **$90,000** mark after previous attempts failed in late 2025. This movement is supported by a surge in aggregated open interest, which reached **$31.44 billion**—a six-week high, as reported by CryptoQuant.

### Macroeconomic Factors Fueling Optimism
Derek Lim, head of research at Caladan, points to several factors that could drive a risk-on sentiment in 2026:
- Sustained rate-cutting cycles
- Disinflation trends
- New U.S. access to strategic resources like Venezuelan oil

He suggests these elements may be coalescing to support risk assets, with current price movements potentially pricing in these developments.

### Caution Advised on Meme Coin Signals
Despite the excitement, Lim urges caution in interpreting meme coin rallies as definitive market signals. He notes that **low liquidity** and **extremely low float** can easily manufacture such pumps, which may not reflect broader market shifts in momentum or attitudes.

### Mixed Market Sentiment Indicators
Retail sentiment shows cautious optimism. On prediction market Myriad, users now assign an **82% chance** that Bitcoin hits $100,000 before $69,000, up from 62% at the start of the year.

However, the broader psychological recovery remains incomplete. The **Crypto Fear & Greed Index** still indicates "Fear," suggesting that despite meme coin gains, the market hasn't fully rebounded from the 2025 downturn.

### Altcoins Join the Rally
The recovery extends beyond meme coins. Other top altcoins, including **Hyperliquid**, **Hedera**, **Aster**, and **XRP**, have also surged by roughly 5% over 24 hours, indicating broader market participation in the uptrend.

Pepe, Bonk, and other meme coins soar with double-digit gains as risk-on sentiment renews amid improving geopolitical and fiscal policies.

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