Crypto Market Update: Bitcoin, PEPE Hit New Highs
Crypto Sector Overview
The crypto sector's total market cap (TOTAL) hovers around $2.2 and $2.3 trillion range. Bitcoin struggles to break above $63,000, while altcoins experience a bullish push, notably PEPE with a 20% gain.
Key Developments
- UBS Group AG reveals Bitcoin ETF holdings.
- President Biden curtails Bitcoin miner property ownership near Wyoming nuclear base.
Total Market Analysis
The total market cap remains sideways, but a potential breakout is anticipated towards $2.3 trillion with bullish sentiment. Failure may lead to a dip to $2 trillion.
Bitcoin Trend
Bitcoin tries to breach a descending channel, aiming to surpass $63,000 support. Failure could push it down to $61,000 or lower, impacting investors' confidence.
PEPE Performance
PEPE hits a new ATH at $0.00001119, rising 20%. Investors may book profits, leading to corrections and challenging the $0.00001000 support level.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.