Cryptocurrency

Bitcoin

Rise

After sitting below $27,000 for a few days, bitcoin finally jumped above that level in the past 24 hours but is yet to decisively reclaim it.
Most altcoins are with insignificant gains on a daily scale, aside from the trending memecoin &#8211; PEPE.
<h2 id="bitcoin-uncertain-at-27k">Bitcoin Uncertain at $27K</h2>
Last week started on a positive note for bitcoin, which jumped to over $27,600 after the stagnant weekend. However, that was short-lived, and the asset retraced to below $27,000 in a matter of days. Another price pump followed that drove it back up to $27,500, which, yet again, was stopped in its tracks.
This time, the rejection was even more vigorous and <a href="https://cryptopotato.com/xrp-defies-market-sentiment-with-3-increase-btc-drops-below-27k-market-watch/" data-wpel-link="internal">pushed</a> the cryptocurrency south to a weekly low of $26,400 (on Bitstamp). The bulls tried to intercept the move and helped BTC recover some ground.
As such, bitcoin returned to familiar ground of around $27,000 and <a href="https://cryptopotato.com/injective-jumps-20-weekly-bitcoin-stalls-below-27k-weekend-watch/" data-wpel-link="internal">stood</a> there for a few days. It finally jumped above it hours ago but was stopped once more at $27,300. Despite losing some value since then, BTC still stands inches above $27,000 as of now.
Its market cap has risen slightly to $525 billion, while its dominance over the altcoins sits close to 46.5%.
<figure id="attachment_251622" aria-describedby="caption-attachment-251622" style="width: 1834px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-20.png" data-wpel-link="internal"><img class="size-full wp-image-251622" src="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-20.png" alt="BTCUSD. Source: TradingView" width="1834" height="875" srcset="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-20.png 1834w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-20-300x143.png 300w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-20-1024x489.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-20-768x366.png 768w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-20-1536x733.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-20-50x24.png 50w" sizes="(max-width: 1834px) 100vw, 1834px" /></a><figcaption id="caption-attachment-251622" class="wp-caption-text">BTCUSD. Source: TradingView</figcaption></figure>
<h2 id="pepe-on-the-rise-again">PEPE on the Rise Again</h2>
All eyes in the crypto community have been focused on <a href="https://cryptopotato.com/what-is-pepe/" data-wpel-link="internal">PEPE</a> for the past month or so, as the memecoin went from an unknown coin launched in mid-April to a massive trend with a market cap of almost $2 billion a few weeks later.
After making several savvy investors millionaires overnight, it was listed on multiple prominent exchanges, including Binance, which turned out to be a sell-the-news moment. PEPE lost some of its momentum, and its market cap dumped by over a billion in days.
The past 24 hours were a lot more positive for the memecoin, as it has added over 12% of value and is back within the top 70 largest cryptocurrencies.
The larger-cap alts are also in the green on a daily scale, albeit in a more modest fashion. ETH, BNB, XRP, ADA, MATIC, SOL, LTC, DOT, and TRX have all jumped by up to 2% in a day.
The total crypto market cap has added around $10 billion daily and sits at $1.130 trillion.
<figure id="attachment_251620" aria-describedby="caption-attachment-251620" style="width: 1882px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-14.jpg" data-wpel-link="internal"><img class="size-full wp-image-251620" src="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-14.jpg" alt="Cryptocurrency Market Overview. Source: Quantify Crypto" width="1882" height="851" srcset="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-14.jpg 1882w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-14-300x136.jpg 300w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-14-1024x463.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-14-768x347.jpg 768w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-14-1536x695.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-14-50x23.jpg 50w" sizes="(max-width: 1882px) 100vw, 1882px" /></a><figcaption id="caption-attachment-251620" class="wp-caption-text">Cryptocurrency Market Overview. Source: Quantify Crypto</figcaption></figure>
The post <a href="https://cryptopotato.com/pepe-shoots-up-12-daily-bitcoin-shaky-at-27k-weekend-watch/" rel="nofollow">PEPE Shoots Up 12% Daily, Bitcoin Shaky at $27K (Weekend Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

PEPE Shoots Up 12% Daily, Bitcoin Shaky at $27K (Weekend Watch)

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