Crypto prices continue to stay under the pump on Monday.
Bitcoin has slipped below the $96,000 mark while the global crypto market cap stands at $3.14 trillion, reflecting a 1.22% decrease over the last day.
Despite the decline in market cap, total crypto market volume surged 24.90% in the past 24 hours, reaching $85.03 billion.
Several factors are affecting the broader crypto market today.
However, Bitcoin Pepe continues to display strong momentum. The coin’s presale has already crossed the $3 million mark.
Why is the crypto market under pressure today?
The Bybit hack, which led to a $1.4 billion loss in ETH, has had a critical impact on the crypto market.
The market has struggled to rebound following the incident.
Adding to the downward pressure, the Infini hack further rattled investors.
The neobank Infini suffered a security breach, resulting in the theft of $49.5 million in USDC.
Following confirmation of the heist, Infini founder Christian Li assured users that the stolen funds would be fully compensated.
Another factor weighing on the market is the steady outflows recorded in Bitcoin ETFs.
US spot Bitcoin ETFs have recorded their largest-ever two-week outflow, shedding $1.14 billion in net Bitcoin outflows leading up to February 21, according to Sosovalue data.
The outflows come amid rising trade tensions between the US and China, pressuring investor sentiment. This marks the biggest withdrawal period since spot Bitcoin ETFs began trading on January 11, 2024.
The recent sell-off surpassed the previous record set in the two weeks leading up to June 21, 2024, when $1.12 billion was pulled from Bitcoin ETFs while Bitcoin was trading at around $64,000.
Why Bitcoin Pepe presale is staying strong?
Bitcoin Pepe is making history by bringing memes into the Bitcoin ecosystem, positioning itself as the world’s only Bitcoin meme ICO.
As the first meme-focused Layer 2 solution built on Bitcoin, the project aims to combine Bitcoin’s security with Solana-like scalability, setting itself apart as a potential game-changer in the crypto space.
It seeks to establish itself as the primary blockchain for memes.
Beyond its technical innovation, macroeconomic factors in 2025 could further drive adoption.
While the broader market is currently facing pressure due to some macroeconomic factors, the long-term outlook remains bright.
The Trump administration is widely seen as pro-crypto, fueling optimism in the market.
Trump has pledged to reverse the Biden administration’s cautious stance on digital assets and implement a more supportive regulatory framework.
He has also backed the idea of establishing a strategic national Bitcoin reserve, further boosting sentiment in the crypto space.
How high can Bitcoin Pepe go?
The Bitcoin Pepe ICO has rapidly progressed through its first four stages, drawing significant investor interest.
Currently in stage 5, the project has already raised over $3 million from early adopters.
The ICO follows a 30-stage model, with each stage increasing the BPEP token price by approximately 5%.
BPEP started at $0.021 and is now priced at $0.0255 in stage 5. The price will jump to $0.0268 in the next stage.
By the end of the presale, it is expected to reach $0.0864, meaning early investors are already sitting on substantial gains that could multiply in the coming months.
To learn more, visit the official Bitcoin Pepe page.
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