BTC holds steady near $104K: why investors are looking at Bitcoin Pepe

Bitcoin remains range-bound around the $104,000 mark for a sixth consecutive day, reflecting increased rotation as the market approaches key resistance levels near the all-time highs seen in December and January. According to Glassnode, the recent breach of the psychological $100,000 barrier has attracted new entrants, though seasoned traders remain cautious. The total cryptocurrency market capitalisation rose 2.7% over the past 24 hours to $3.38 trillion, reaching as high as $3.40 trillion the previous evening—its highest level since early February. The gains have been largely driven by renewed interest in altcoins. Market sentiment has continued to climb, with the index hitting 73, nearing the “extreme greed” threshold but still below overbought territory. This suggests there may be room for further upside. One emerging project benefiting from the renewed surge in risk appetite is Bitcoin Pepe . BTC ETFs break inflow streak US spot Bitcoin exchange-traded funds recorded $91.39 million in net outflows on Tuesday, breaking a four-day streak of inflows. According to data from Farside Investors, Fidelity’s FBTC led the outflows with $91.39 million. All other spot Bitcoin ETFs reported no flows for the day. Why should you look at Bitcoin Pepe in this rebound? A Bitcoin rally typically rejuvenates market sentiment, pulling sidelined capital back into the crypto ecosystem and sparking renewed interest in altcoins, particularly meme tokens, which tend to outperform during periods of heightened speculative activity. Bitcoin Pepe is well-positioned to benefit from this dynamic. As the first meme-centric Layer 2 built on the Bitcoin network, Bitcoin Pepe leverages Bitcoin’s unmatched security while offering Solana-like scalability. This blend of infrastructure strength and meme-driven appeal creates a compelling narrative for investors seeking high-risk, high-reward opportunities. While Bitcoin remains the market’s anchor and a long-term store of value, its maturing status and growing price stability have made it less attractive to investors chasing outsized returns. For those looking to capitalize on early-stage growth potential, emerging assets like Bitcoin Pepe present a more appealing proposition. With its strategic positioning at the intersection of Bitcoin infrastructure and speculative meme culture, Bitcoin Pepe stands to attract significant capital inflows if market risk appetite continues to grow alongside Bitcoin’s price. Bitcoin Pepe set to launch on May 31 Bitcoin Pepe (BPEP) is positioning itself at the crossroads of Bitcoin’s credibility and the viral energy of meme coins, aiming to carve out a unique niche within the crypto ecosystem. Bitcoin Pepe presents itself as a bridge between two dominant forces in the market. Its messaging underscores this convergence: Meme coins hit $100B without Bitcoin. Bitcoin sits at $2T without memes. We’re the first to merge them.” Investor interest has been steadily growing, with the presale already raising over $8.1 million. BPEP tokens are currently priced at $0.0326, and the presale is scheduled to conclude on May 31, 2025. A potential exchange listing is expected shortly after the presale ends, which could serve as a trigger for additional price action. With broader market sentiment turning positive and speculative appetite returning, Bitcoin Pepe may continue to draw attention from investors looking for early-stage exposure to high-volatility, meme-driven assets. The post BTC holds steady near $104K: why investors are looking at Bitcoin Pepe appeared first on Invezz

Source: Invezz