Where is Bitcoin Pepe headed as geopolitical tensions continue to weigh on sentiments?

Bitcoin recovered from lows on Wednesday as the US President Donald Trump warned Iran that the US’s patience is running out , and called for Iran’s unconditional surrender. Bitcoin, along with other cryptocurrencies, fell after the news of the intensifying conflict between Israel and Iran, and since then has staged a slight recovery. As cryptocurrencies stage a comeback, upcoming tokens like Bitcoin Pepe continue to see strength in their presale. The token’s presale received $300,000 worth of investment after it made a listing announcement. US increases pressure on Iran Bitcoin fell below the $104,000 level after Donald Trump, in a Truth Social post, made remarks against Iran’s supreme leader, Ayatollah Ali Khamenei. Trump said, “We know exactly where the so-called ‘Supreme Leader’ is hiding. He is an easy target, but is safe there — We are not going to take him out (kill!), at least not for now”. Trump added that they don’t want to shoot missiles at civilians or American soldiers and called for the unconditional surrender of Iran. After Trump’s post, Bitcoin fell from $104,310 to $103,553. The leading cryptocurrency recovered from that level to trade at $105,152.64 at the time of writing, according to CoinMarketCap. Ethereum slipped 1.3% to $2,462, and XRP was down 1.3% to $2.14 in the same period when Bitcoin fell. Both Ethereum and XRP recovered to $2,537.06 and $2.15 at the time of writing. The Crypto Fear and Greed index also fell to 48 in neutral territory from 53 yesterday. The market is expecting crypto to have a strong movement after the war tensions are over. Bitcoin Pepe presale shows no sign of slowing Bitcoin Pepe, a layer 2 solution built on Bitcoin, aims to bring the meme experience to Bitcoin’s network. The token combines the best of worlds as it combines the security of Bitcoin with Solana’s scalability. The project’s PEP 20 token standard will allow anyone to create memes on Bitcoin. Bitcoin Pepe has raised close to $15 million so far in its presale. The investors also look forward to a listing announcement on June 30. Bitcoin Pepe is also expected to be listed on major exchanges like MEXC and Bitmart, which will add liquidity and legitimacy for the token. As the listing announcement nears, more T1 exchanges are expected to be onboard, increasing the chances of a bumper listing. This could provide more upside for the token’s investors. All the Bitcoin Pepe tokens that have been bought till now will also receive a 30% retroactive bonus, adding more to the returns. The team has also released images to show the amount of work being done on the project and dispel any worries of investors. The post Where is Bitcoin Pepe headed as geopolitical tensions continue to weigh on sentiments? appeared first on Invezz

Source: Invezz