Bitcoin just made history – surging to almost $100,000 in a rally that has caught the attention of traders worldwide.
Meanwhile, the meme coin sector’s latest sensation, Pepe Unchained, has entered the final three weeks of its presale with over $40 million raised.
With giants and new faces racking up gains, the crypto market is buzzing right now.
Bitcoin Edges Towards $100K as Short Sellers Hold Their Breath
The OG cryptocurrency is inching closer to its biggest milestone yet.
After hitting $99,500 earlier today, BTC has pulled back slightly to $98,000 – just below the historic $100,000 mark.
Trading volumes have exploded, with the spot market recording $88 billion in activity during the past 24 hours.
This activity has pushed Bitcoin’s market cap to over $1.9 trillion, cementing its position as a financial heavyweight.
But there could be even more drama ahead.
Crypto analyst Vivek warns that if Bitcoin cracks $100,000, it may trigger a $2 billion short squeeze, potentially sending its price even higher.
However, not everyone is betting on continued upside.
With the Crypto Fear & Greed Index in “Extreme Greed” territory, some traders are bracing for a selloff once the $100,000 psychological barrier falls.
A similar thing happened when BTC broke $60,000 for the first time.
Regardless of what happens, the next few days promise to be highly volatile for Bitcoin.
Behind Bitcoin’s Rally – Retail Traders Still Dominate as ETFs Break Records
While Bitcoin’s price action is grabbing all the headlines, what’s happening behind the scenes tells an even more exciting story.
Retail investors still dominate Bitcoin ownership despite all the buzz about Wall Street jumping into crypto.
They hold 88% of all BTC in circulation.
That’s far higher than the 11% held by institutions and the 1% held by whale wallets.
However, institutional money is definitely flowing in through the proper channels.
The spot BTC ETFs have been on fire lately, pulling in over $1 billion yesterday and $2.8 billion in the past four days.
BlackRock’s IBIT leads the charts, generating $608 million in a single day.
Its total inflows since launch are now more than $30 billion.
This mix of strong retail ownership and growing institutional interest through ETFs creates the perfect conditions for Bitcoin’s price to rally.
And with the $100,000 mark within reach, there’s a solid chance the coin’s bull run may still have legs.
Is Pepe Unchained About to Explode? $40M+ Meme Coin Enters Final Stage of Viral Presale
As Bitcoin’s rally lifts the market, smaller projects – especially meme coins – are profiting from the uptick in investor interest.
History shows that during Bitcoin rallies, some of the biggest gains come from these smaller coins as traders look for the next crypto to explode.
Enter Pepe Unchained – which has become one of the year’s hottest presale stories.
With just three weeks left before launch, Pepe Unchained has raised over $40 million in presale funding.
The analysts at 99Bitcoins are calling it the “next PEPE coin” in a nod to the market’s favorite frog token.
For investors looking to get involved, the clock is ticking.
The current presale price of $0.01295 won’t last long since the developers intend to list PEPU on a top exchange in a matter of weeks.
They’re also making it easy to get involved in the presale, accepting payments in ETH, USDT, BNB, or bank card.
Best Wallet has introduced some dope features for Pepe Unchained Presale buyers.
1. You can now purchase Pepe Unchained Presale directly through @BestWalletHQ by using their Upcoming tokens features.
2. No need to connect to the Pepe Unchained website. Both crypto and Fiat… pic.twitter.com/W0ECfAzB7H
— Pepe Unchained (@pepe_unchained) November 20, 2024
All that’s required is a crypto wallet (like Best Wallet).
With a high-yield staking protocol already live and plans to launch a Layer-2 blockchain for meme coins, Pepe Unchained looks perfectly positioned to capitalize on the bullish market conditions.
If so, this could make it one of the biggest crypto launches of 2024.
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