Bitcoin’s historic high provoked a sharp rise in the little-known GameStop cryptocurrency

Editor’s note: not investment advice!

The GameStop-inspired cryptocurrency (GME) has risen by almost 40% over the past day amid a new all-time high for bitcoin BTC $117,956.86 Bitcoin 3.93% Market capitalization $2.35 trillion VOL. 24 hours $4.09 billion . This growth is part of the general excitement in the crypto market: investors are actively buying risky tokens amid general optimism and positive expectations for further growth.

Analysts note that the main drivers of the jump were not only the record prices of bitcoin but also the growing interest in meme and speculative tokens such as GameStop. News about large purchases of this asset is spreading on social media, which also reinforces the snowball effect.

At the same time, experts warn of increased volatility: such coins are very sensitive to news, market sentiment, and the behavior of large traders. In the event of a correction in the bitcoin market, the risks of losses for investors in such tokens increase significantly.

As a result, the current dynamics of the GME token reflects the sentiment of the crypto community: interest in high-risk assets remains, and the growth of bitcoin creates a «domino effect» for the entire market, stimulating short-term speculation even with little-known coins.

The No Worries editorial team strongly advises readers not to invest their own money in dubious crypto projects and little-known digital assets!