Pepe

Bitcoin ETF

Wednesday

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<a href="https://u.today/pepe-sees-remarkable-93-rally-heres-reason" rel="noopener noreferrer nofollow">Pepe (PEPE)</a>, a meme coin inspired by the popular internet frog, has soared 23% in the last 24 hours. The rise is part of a broader rally of meme coins, which have been surging in the wake of the approval of the first Bitcoin exchange-traded fund (ETF) in the U.S.
The U.S. Securities and Exchange Commission (SEC) on Wednesday approved exchange-traded funds (ETFs) that track the price of Bitcoin, which is a game-changer for the cryptocurrency industry, which has been trying to launch such a product for more than a decade.
The SEC approved applications from ARK Investments, BlackRock and Fidelity, among others, on Wednesday.
The launch of the <a href="https://u.today/breaking-sec-officially-approves-spot-bitcoin-etfs-btc-price-unfazed" rel="noopener noreferrer nofollow">Bitcoin ETF</a> has boosted the sentiment and confidence of the entire crypto market since it signals a watershed moment for the mainstream adoption and recognition of Bitcoin and other digital assets.
Bitcoin surpassed $47,000 briefly after the news of the approval emerged, while the overall market capitalization of all cryptocurrencies surged by nearly 5% in the last 24 hours.
<h2 id="pepe-price-action">PEPE price action</h2>
<a href="https://u.today/pepe-pepe-shows-intriguing-17-rebound-as-social-discussions-return" rel="noopener noreferrer nofollow">Pepe</a> charged higher in today's trading session, continuing a broader jump that began on Jan. 8 after support was met at $0.000001.
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 <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> appears to be breaking out from a descending parallel channel, which suggests <a href="https://twitter.com/hashtag/PEPE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PEPE</a> could advance toward $0.0000016 or even $0.0000019! <a href="https://t.co/Emnz0W4BvR" rel="noopener noreferrer nofollow">pic.twitter.com/Emnz0W4BvR</a>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1745365309664460981?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 11, 2024</a>
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At the time of writing, PEPE had relinquished some of its intraday gains but was still up 15% in the last 24 hours to $0.000001442. PEPE has gained 17% in the last 24 hours. If the market closes in the green today, PEPE will have gained for the fourth day in a row.
During the ascent, PEPE recovered above the daily MA 50 level at $0.00000131, indicating the possibility of an upside move if sustained.
Crypto analyst <a href="https://twitter.com/ali_charts/status/1745365309664460981" rel="noopener noreferrer nofollow">Ali</a> spots a trend pattern for PEPE &nbsp;that could lead to additional rises. Ali noted that PEPE appears to be breaking out from a descending parallel channel, which suggests PEPE could advance toward $0.0000016 or even $0.0000019.

Pepe (PEPE) Soars 23% as Meme Coins Rally in Wake of Bitcoin ETF

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