Bitcoin (BTC) Holds Above $64K as China Stimulus Sends Conflux’s (CFX) Soaring, Dog Memes Running High

Conflux (CFX) saw an 18% rise following news of liquidity injection by the People's Bank of China, with traders focusing on assets perceived as 'China beta' like CFX.

Shiba Inu (CRYPTO: SHIB), Floki (CRYPTO: FLOKI), and bonk (CRYPTO: BONK) – all memecoins – saw strong gains on Friday.

Shiba Inu, the largest memecoin by market capitalization, rose over 13% in the past 24 hours to trade at $0.000014 at the last check. Among the top gainers, SHIB has risen over 1,200% year-to-date.

Shiba Inu recently announced a partnership with Welly’s, a restaurant chain in Turkey. The partnership will allow customers to pay for their food using SHIB.

Another dog-themed memecoin, Floki, also saw strong gains of over 12% to trade at $0.000044 at the last check. FLOKI has risen over 1,100% YTD.

Solana-based memecoin bonk also continued to lead sector gains, rising over 17% in the past 24 hours to trade at $0.0000044 at the last check. Among the top gainers, BONK has surged over 2,200% since its launch earlier this month.

Among the lesser-known dog-themed tokens, bread (CRYPTO: BREAD), dog (CRYPTO: DOG), and woof (CRYPTO: WOOF) – all based on the Bitcoin Runes protocol – also saw gains of over 10%.

CFX, PHB Rise on China Stimulus Hopes: Conflux (CRYPTO: CFX) saw an 18% rise following news of liquidity injection by the People's Bank of China, with traders focusing on assets perceived as ‘China beta’ like CFX.

CFX rose to trade at $0.28 at the last check, while another token perceived to be ‘China beta’ – Phantasma (CRYPTO: PHB) – also rose over 15% to trade at $0.76 at the last check.

Among the top gainers, CFX has surged over 2,100% YTD, while PHB has risen over 1,200%.

Solana (CRYPTO: SOL) rose over 7% in the past 24 hours to trade at $38 at the last check. Among the top gainers, SOL has surged over 1,600% YTD.

Solana-based decentralized exchange (DEX) Orca announced the launch of a new token, ORCA (CRYPTO: ORCA), earlier this week. The token will be used for governance and to reward users who provide liquidity to the DEX.

Bitcoin (CRYPTO: BTC) and ether (CRYPTO: ETH) both rose in the last week, with BTC continuing to trade above $65K.

BTC rose over 3% in the past 24 hours to trade at $65,230 at the last check. Among the top gainers, BTC has risen over 30% YTD.

ETH rose over 4% in the past 24 hours to trade at $5,100 at the last check. Among the top gainers, ETH has risen over 40% YTD.

U.S. Spot Bitcoin ETFs See Monster Day of Inflows: U.S. spot bitcoin exchange-traded funds (ETFs) had a strong day of inflows, according to data from SoSoValue.

Overall, bitcoin ETFs saw inflows of over $365 million, making it one of the largest days on record and bringing the weekly inflow to over $600 million.

Most of the day's inflow was focused on ARK's Innovation ETF (NYSE: ARKB) at $113.8 million, followed by BlackRock's iShares bitcoin ETF (NYSE: BITO) at $93.38 million, and Fidelity's bitcoin ETF (NYSE: FDB) at $74 million.

However, the broader crypto market displayed a mixed picture with bitcoin ETFs seeing inflows, while ETH ETFs had outflows.

Most of the day's outflows were seen in the world's largest cryptocurrency fund, Purpose bitcoin ETF (NYSE: BTC), at nearly $674,000, while the GraniteShares bitcoin trust (NYSE: GBTC) saw outflows of over $30,000.