Bitcoin continued to rally this week—and pushed up meme coins while it was at it.

The biggest cryptocurrency by market cap is now trading for $44,021 per coin, according to CoinGecko. Over the past 24 hours, that's a rise of less than 1%. But over the week, it has shot up by 13.4%.

Experts told Decrypt that the rally was mostly due to hype around the ostensibly imminent approval of the long-awaited spot Bitcoin exchange-traded fund (ETF) product.

Some analysts have said this could lead to a flood of capital into the crypto markets as traditional investors will be able to get exposure to digital assets.

As usual, Bitcoin's rise led altcoins to surge. But the winners this week—just like last week—were meme coins.

Digital coins and tokens based on Internet memes and jokes continued to go up in price, before dying down again. Pepe, Dogecoin, and Shiba Inu were all the winners this week.

They have now cooled their rally: Pepe is down by about 2%—but still up over 40% this week.

And Dogecoin, the 10th biggest digital asset, is trading for $0.10, a 3% rise in 24 hours. Over seven days, it's made over 20% in gains.

Shiba Inu is up over 2%, having jumped 21% in the past week.

One meme coin, though, is continuing to explode: Solana-based Bonk. The dog-themed meme coin is now at $0.0000128—a 7-day rise of 188%, and up 635% for the last 30 days.

BONK Won't Stop: Solana Meme Coin Sets Another All-Time High

Meme coin mania isn't slowing down. Solana's dog-themed token BONK just hit a new all-time high overnight at $0.00000669. CoinGecko data shows that the cryptocurrency is now trading for just shy of that at $0.00000653—a 24-hour rise of 33%. Even more impressive is its surge over the month: The asset has continued to boom and is now up about 762%. The token was launched in December 2022, but experienced a renewed surge in interest—and price—last month. This is at least partly down to the piqued i...

Renewed hype around Solana, the blockchain behind SOL, has led to an increase in investment in projects that run on its network.

Edited by Ryan Ozawa.