Pepe

Bitcoin

April

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Pepe (PEPE) token surged by 20% in the past 24 hours.</li> 
 <li>Meanwhile, Bitcoin is currently struggling above $58k.</li> 
</ul> 
<p>As altcoins experience price surges, Bitcoin is currently struggling to remain above $58k, up by about 2% in the past 24 hours, according to <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="nofollow noopener" target="_blank">CoinMarketCap</a>.</p> 
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<p>Bitcoin’s price dropped to its lowest levels in more than two months, as May kicked off. The digital asset dipped to a little above $56,500, ahead of making a comeback above the current level of $58k.</p> 
<p>The Bitcoin ecosystem welcomed the<a href="https://crypto.ro/en/news/bitcoin-trades-above-57k-as-blackrocks-etf-ibit-sees-37m-outflow/">&nbsp;ETF products</a>&nbsp;and the&nbsp;<a href="https://crypto.ro/en/news/runes-protocol-launches-on-okx-and-unisat/">Runes Protocol</a> in 2024, and post the halving event that took place on April 20, slashing miner rewards, these are the two new catalysts that could have a say in the coin’s<a href="https://crypto.ro/en/news/sell-in-may-and-go-away-bitcoins-seasonality-kicks-off-as-rates-remain-unchanged/"> price path forward</a>.</p> 
<p>As the price of Bitcoin experiences high volatility these days, the<a href="https://crypto.ro/en/news/us-sec-expected-to-deny-ethereum-etfs-in-may-insiders-claim/"> Ethereum</a>-based memecoin PEPE is now the top gainer in CMC’s top 100 list.</p> 
<p>Pepe (PEPE) token’s price saw an important move upwards of approximately 20% in the past 24 hours, according to<a href="https://coinmarketcap.com/currencies/pepe/#Chart" rel="nofollow noopener" target="_blank"> CoinMarketCap</a>. Now, the total market capitalization of PEPE is about $3.14 billion as the coin’s price continues to rise.</p> 
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<p>On April 23, Coinbase shared an important message about PEPE, revealing that the exchange made new perpetual futures contracts available on Coinbase advanced.</p> 
<p>Coinbase posted that users in eligible jurisdictions (outside the US and UK) could trade 1000PEPE-PERP with up to 10X leverage.</p> 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 <p lang="en" dir="ltr">New perpetual futures contracts are now available to trade on Coinbase Advanced. </p> 
 <p>You can now trade 1000PEPE-PERP with up to 10X leverage. <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$PEPE</a></p> 
 <p>Happy trading to those in eligible jurisdictions (outside the US and UK). <a href="https://t.co/uY4CsPyWce" rel="nofollow" target="_blank">pic.twitter.com/uY4CsPyWce</a></p> 
 <p>— Coinbase Traders (@coinbasetraders) <a href="https://twitter.com/coinbasetraders/status/1782746138845548688?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">April 23, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="what-is-pepe">What is PEPE?</h2> 
<p>Pepe (PEPE) is a deflationary meme coin that’s launched on Ethereum. The crypto has been created as a tribute to the Pepe the Frog meme, created by Matt Furie.</p> 
<p>The founders of PEPE remain anonymous.</p> 
<p>The project’s main aim is the capitalize on the popularity of meme coins. PEPE token institutes a non-tax policy, and it’s up-front about the lack of utility.</p> 
<p>Back in April and May 2023, the token saw a significant price rise, which led to its market cap reaching $1.6 billion.</p>

Pepe (PEPE) Price Surges By 20% In 24Hrs, As Bitcoin Struggles Above $58k

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