This is Cheatsheet, a primer on what’s happening in crypto today.

Bitcoin is again the best performing crypto mega-cap over the past day and now threatens to break $60,000 for the first time since its all-time high in November 2021.

XRP trailed very slightly second-best with 4.1% gains to bitcoin’s 4.1%, as of 7 am ET. Ether (ETH) had stayed flat.

Bitcoin (BTC) is again giving cover for memecoins to do their thing: PEPE trumped practically everything at the top end of the crypto market over the past 24 hours after pumping 45%.

Blockchain-powered storage protocol arweave (AR) followed with 40%. Upstart layer-1 Aptos (APT) is third with 18%, then memecoins ORDI and BONK, which added…

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