Pepe

Bitcoin ETF

Millions

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<p>The long-awaited approval of Bitcoin ETF products by the SEC has rippled through crypto markets and re-energized sentiment around niche segments like meme cryptocurrencies.</p>
<p>As the broader digital asset market cap bounced nearly 4% on the news, meme coins saw an even stronger 6.8% pop to reach a $21.9 billion valuation. While still a relatively small subset of crypto, the breed of joke tokens named after pets and internet humor generates an outsized following.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-287-1024x464.png" alt="" class="wp-image-418381" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-287-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-287-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-287-768x348.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-287-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-287-2048x928.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-287-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-287-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-287-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-287-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-287.png 1092w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h3 class="wp-block-heading" id="key-gainers">Key Gainers</h3>
<p>Some major <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin movers included:</p>
<ul>
 <li><strong>Dogecoin</strong>: +6.1% to $0.084</li>
 <li><strong>Shiba Inu</strong>: +7.8% to $0.00001</li>
 <li><strong>Bonk</strong>: +5.7% to $0.000016</li>
 <li><strong>Floki Inu</strong>: +8% to $0.000032</li>
 <li><strong>Pepe</strong>: An eye-popping +16.4% surge to $0.0000015</li>
</ul>
<p>The Pepe breakout aligns with trader Ali’s technical <a href="https://twitter.com/ali_charts/status/1745365309664460981?s=20" target="_blank" rel="noopener noreferrer nofollow">analysis</a>. He highlighted the token breaching a key descending channel to suggest further upside toward $0.0000019 on continued momentum.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="667" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-1024x667.png" alt="" class="wp-image-418373" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-1024x667.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-300x195.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-767x499.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-1536x1000.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-2048x1333.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-230x150.png 230w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-538x350.png 538w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-286-788x512.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-286.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Of course, chasing meme coin rallies remains highly speculative. But the loose correlation to Bitcoin’s resurgence here hints at the overall risk appetite for lifting boats generally. And these niche tokens tend to benefit from optimism spreading in the crypto sector; their smaller market caps allow for more exaggerated swings off market milestones.</p>
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<p>For those believing the Bitcoin ETF green light signals a renewed embrace of digital assets, meme coins offer a way to capture the high volatility typically accompanying these shifts. The recent meme coin gainers above have historically surged multiples higher during periods of exuberance hitting the crypto world.</p>
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<p>The post <a href="https://captainaltcoin.com/how-did-shib-bonk-pepe-and-other-meme-coins-react-to-bitcoin-etf-approval/" rel="noopener noreferrer nofollow">How Did SHIB, BONK, PEPE and Other Meme Coins React to Bitcoin ETF Approval?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How Did SHIB, BONK, PEPE and Other Meme Coins React to Bitcoin ETF Approval?

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