Bitcoin Pepe presale gains steam while Dogecoin faces downside risk
The post Bitcoin Pepe presale gains steam while Dogecoin faces downside risk appeared on BitcoinEthereumNews.com. In a market where sentiment toward meme tokens has cooled, Bitcoin Pepe’s presale has continued to see strong momentum. The Bitcoin Pepe presale has raised over $14.5 million. The BPEP token is priced at $0.0416. To expand its Layer 2 ecosystem, Bitcoin Pepe has secured several strategic partnerships. Bitcoin edged above the $107,000 mark on Monday following a volatile weekend driven by escalating geopolitical tensions between Iran and Israel. The world’s largest cryptocurrency was trading at $107,092, up 1.5% over the past 24 hours, according to CoinMarketCap. Investor focus now shifts to the upcoming Federal Open Market Committee (FOMC) meeting scheduled for Tuesday and Wednesday. According to the CME Group’s FedWatch Tool, markets are pricing in a 96.7% probability that the Federal Reserve will keep interest rates unchanged at 4.25% to 4.50%. Beyond the rate decision itself, traders will be closely parsing Fed Chair Jerome Powell’s commentary for signals on future policy direction and its potential impact on risk assets, including cryptocurrencies. Amidst this, two meme coins are seeing contrasting fortunes. Bitcoin Pepe continues to catch investor interest, while Dogecoin is at risk of further correction. DOGE to fall further? Dogecoin (DOGE) is trading below its key weekly support level of $0.18, flashing early warning signs of a potential deeper correction as bullish momentum wanes. At the time of writing on Monday, DOGE hovers around $0.176, down nearly 3% from Sunday and more than 9% below the midweek high. The price rejection last Wednesday from the 50-day Exponential Moving Average (EMA) at $0.195 triggered a sharp pullback, pushing DOGE below its $0.181 support level the next day. On-chain indicators suggest the selling pressure may intensify. Santiment’s Network Realized Profit/Loss (NPL) metric spiked on Saturday, marking the highest level of realized profits since early May. This suggests…
The post Bitcoin Pepe presale gains steam while Dogecoin faces downside risk appeared on BitcoinEthereumNews.com.
In a market where sentiment toward meme tokens has cooled, Bitcoin Pepe’s presale has continued to see strong momentum. The Bitcoin Pepe presale has raised over $14.5 million. The BPEP token is priced at $0.0416. To expand its Layer 2 ecosystem, Bitcoin Pepe has secured several strategic partnerships. Bitcoin edged above the $107,000 mark on Monday following a volatile weekend driven by escalating geopolitical tensions between Iran and Israel. The world’s largest cryptocurrency was trading at $107,092, up 1.5% over the past 24 hours, according to CoinMarketCap. Investor focus now shifts to the upcoming Federal Open Market Committee (FOMC) meeting scheduled for Tuesday and Wednesday. According to the CME Group’s FedWatch Tool, markets are pricing in a 96.7% probability that the Federal Reserve will keep interest rates unchanged at 4.25% to 4.50%. Beyond the rate decision itself, traders will be closely parsing Fed Chair Jerome Powell’s commentary for signals on future policy direction and its potential impact on risk assets, including cryptocurrencies. Amidst this, two meme coins are seeing contrasting fortunes. Bitcoin Pepe continues to catch investor interest, while Dogecoin is at risk of further correction. DOGE to fall further? Dogecoin (DOGE) is trading below its key weekly support level of $0.18, flashing early warning signs of a potential deeper correction as bullish momentum wanes. At the time of writing on Monday, DOGE hovers around $0.176, down nearly 3% from Sunday and more than 9% below the midweek high. The price rejection last Wednesday from the 50-day Exponential Moving Average (EMA) at $0.195 triggered a sharp pullback, pushing DOGE below its $0.181 support level the next day. On-chain indicators suggest the selling pressure may intensify. Santiment’s Network Realized Profit/Loss (NPL) metric spiked on Saturday, marking the highest level of realized profits since early May. This suggests…
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