Bitcoin Surges Past $77K Amid Short Squeeze; Apeing Presale Gains Attention

Bitcoin surged past $77,000 after a massive short squeeze erased approximately $2.7 billion in bearish positions, and its market cap reached $1.55 trillion with daily volume rising 43.96% to $29.73 billion.

The rally has been fueled by U.S. Treasury buyback plans and stronger institutional demand, including more than $1.6 billion in weekly spot Bitcoin ETF inflows.

Apeing, a meme coin project focused on culture, community engagement, and useful utility, is drawing attention as it prepares for its upcoming presale, which could begin within the coming weeks, with the first week of September rumored by the community.