BTC slips below $108K, while Bitcoin Pepe continues strong momentum

The global cryptocurrency market capitalisation declined by 1.6% over the past 24 hours to $3.39 trillion, marking a technical pullback from recent highs that had served as resistance. The downturn was largely attributed to renewed geopolitical tensions in the Middle East, which pressured broader risk assets. However, the move is being viewed as a temporary setback. Bitcoin slipped below $108,000 after briefly testing the $110,000 level, triggering a round of profit-taking. The pullback extended across the altcoin space, with many tokens surrendering a portion of their recent gains. Despite the sell-off, market action remains technical in nature and appears contained for now. With Bitcoin facing renewed volatility, retail investors are increasingly rotating into high-upside, early-stage tokens such as Bitcoin Pepe , which is now approaching the final stretch of its presale. Speculative capital continues to flow into momentum-driven projects offering the potential for outsized returns. Since launching in February, Bitcoin Pepe’s presale has maintained steady traction among market participants, positioning itself as a standout play in the current wave of retail-driven risk appetite. Analysts remain cautiously optimistic on Bitcoin Technical analyst Michael van de Poppe commented on the price action, stating: “Bitcoin couldn’t break through the $110,000 area and therefore, we should have some correction.” Michaël van de Poppe @CryptoMichNL · Follow There we go with #Bitcoin . Couldn’t break through the $110,000 area and therefore, we should have some correction. Rumours that VS. vs Iran isn’t going the right direction, through which Gold continues to rally.As long as Bitcoin stays above $106,000, then there’s nothing 12:16 pm · 12 Jun 2025 252 Reply Copy link Read 125 replies He added that as long as Bitcoin holds above $106,000, “there’s nothing to worry about.” Crypto analyst Ali Martinez had also previously suggested that the most important support level for Bitcoin is between $106,090 and $102,770. Ali @ali_charts · Follow The most important support level for #Bitcoin $BTC is between $106,090 and $102,770! 8:23 pm · 10 Jun 2025 250 Reply Copy link Read 35 replies The presale momentum is not slowing Even as Bitcoin stabilises, its recent push to new highs is once again lifting sentiment across the crypto market — a trend that has often preceded broader rallies. As capital rotates back into digital assets, speculative segments such as meme coins are drawing renewed investor interest, with Bitcoin Pepe emerging as a key beneficiary. Positioned as the first meme-centric Layer 2 built on the Bitcoin network, Bitcoin Pepe aims to merge Bitcoin’s robust security with Solana-like scalability — a technical proposition that sets it apart from typical meme tokens lacking infrastructure depth. To build out its Layer 2 ecosystem, the project has announced strategic partnerships with Super Meme, Catamoto, and Plena Finance. A collaboration with GETE Network is also in place to expand its footprint in the cross-chain Web3 gaming space. The effort to blend real-world utility with viral meme appeal appears to be resonating. Its ongoing presale has raised over $14 million, with BPEP tokens priced at $0.0416. With just 5 days remaining before a listing announcement is made on June 17, investor attention is intensifying. The post BTC slips below $108K, while Bitcoin Pepe continues strong momentum appeared first on Invezz

Source: Invezz