In the wake of Bitcoin's recent halving event, the cryptocurrency market is witnessing a surge in institutional trust, driving gains across major cryptocurrencies and meme-inspired coins. With charts indicating a bullish trend, the overall cryptocurrency market capitalization has reached $2.43 trillion, with meme coins accounting for a significant portion at $56.3 billion.

The recent uptrend in the cryptocurrency market has been fueled by Bitcoin's fourth halving, which saw its price soar past $66,000. This surge has sparked increased buying interest in meme coins, particularly Bonk and Pepe, which have emerged as frontrunners in the current rally.

According to data from Coinglass, significant liquidations have been observed in the Bonk and Pepe markets, indicating heightened volatility. Despite this volatility, meme coins have continued to perform strongly, contributing to the overall positive sentiment in the market.

Over the past weekend, amidst rapid meme coin activity on platforms like Solana and Base, Bitcoin reached a significant milestone. For the first time, Bitcoin miners earned more from transaction fees than from block rewards in a single 24-hour period. This milestone, coupled with the halving event, has further bolstered investor confidence in the cryptocurrency market.

In light of these developments, meme coins like Bonk and Pepe have seen substantial price increases. Bonk, for instance, has rebounded above the support of $0.000014 and is currently aiming to breach the resistance level of $0.000025. Similarly, Pepe has experienced a surge in price, driven by increasing demand and buying pressure.

Moving forward, the performance of meme coins like Bonk and Pepe will continue to be influenced by market dynamics and investor sentiment. As buyers aim to push prices higher, the resilience of support levels will be crucial in determining the direction of future price movements.

In conclusion, the recent rally in meme coins following Bitcoin's halving event underscores the growing interest and confidence in the cryptocurrency market. With Bonk and Pepe leading the charge, investors are closely monitoring these meme coins for further gains amidst the evolving market landscape.