Pepe Crypto News – Bitcoin Roller Coaster: From Below $66,500 to Over $69,000

Pepe Crypto News – Bitcoin Roller Coaster: From Below $66,500 to Over $69,000

Pepe Crypto News – In recent days, Bitcoin’s price has experienced notable volatility, dipping below $66,500 before climbing to just over $69,000 last night.

Meanwhile, altcoins have also shown positive movement on a daily scale. UNI has stolen the spotlight with a significant 20% surge, pushing its value above $10. PEPE has also reached a new peak.

PEPE Hits New ATH, UNI Skyrockets

The major news in the cryptocurrency sector this week involved the US Securities and Exchange Commission, which had a substantial impact on ETH. On Thursday, the regulator approved eight spot Ethereum ETFs. This announcement sparked a significant rally for ETH, pushing its price from $3,100 on Monday to over $3,900 mid-week, before slightly retracing to its current level of $3,750.

Several other altcoins have posted impressive gains this week, with PEPE being a standout. The popular meme coin surged by another 12% in the past day, setting a new all-time high at $0.00001538.

Uniswap’s native token, UNI, is another significant gainer, soaring by 20% to trade near $11. Other altcoins such as XRP, DOGE, TON, SHIB, DOT, IMX, and NEAR are also in the green.

The total crypto market cap has recovered over $60 billion since yesterday, now nearing $2.7 trillion according to CoinGecko.

BTC Eyes $69K

Bitcoin’s price has also been influenced by the Ethereum ETF news. The cryptocurrency rose from $67,000 to a multi-week high of $72,000 on Monday and Tuesday, before experiencing a sharp decline in the following days.

The most significant drop occurred on Thursday, just hours before the US SEC’s announcement, which saw BTC fall below $66,500. However, it quickly rebounded, experiencing further fluctuations before heading upward last night.

This upward movement culminated in a surge to just over $69,200, driven by positive sentiment towards the spot ETFs. However, the bears quickly took control, preventing further gains. Currently, Bitcoin is trading just below $69,000.

Bitcoin’s market cap has risen to $1.350 trillion, maintaining its dominance over altcoins at 50.2%.