The market sentiment in the cryptocurrency space has improved as bulls remain optimistic over Bitcoin’s recovery. However, buyers appear hesitant to place huge bets; a key barrier to getting to $90,000.
At the same time, investors are shifting their focus to attractive opportunities beyond the majors. Bitcoin Pepe, a fresh project tied to the Bitcoin network is benefiting from this trend. Besides, meme lovers are hooked on its one-of-a-kind mission to “bring the meme culture back home”.
Bitcoin price faces key hurdle to the coveted zone of $90,000
Bitcoin has emerged as a top performer among the crypto majors; an aspect that may attract more buyers from the sidelines. Amidst the turmoil in the financial markets, investors are increasingly seeking Bitcoin’s stability.
An improvement of the market sentiment has further boosted Bitcoin price. Compared to last week’s fear level of 31, the crypto fear & greed index was at 39 on Tuesday.
However, as the risk-off mood persists, the bulls lack enough momentum to break the resistance at $89,075. This is the main barrier to getting to the coveted zone of $90,000. On the lower side, the support level of $83,092 will likely remain steady in the short term.
Read more: Bitcoin price prediction: BTC path to $300,000 revealed
Bitcoin Pepe sustains upward momentum as investors seek Bitcoin’s stability
Investors are eyeing projects tied to the Bitcoin network as the leading cryptocurrency exhibits resilience in a volatile environment. In addition to its infrastructure, this interest has positioned Bitcoin Pepe on the list of top meme ICOs to watch out for in 2025.
As the world’s first Bitcoin meme ICO, the project seeks to bring the ultra-popular meme culture to the stable Bitcoin network. Its new PEP-20 token standard allows one to easily launch a memecoin on BTC; an aspect that has attracted a large number of crypto enthusiasts. Besides, with the Layer-2 solution, investors get to enjoy Bitcoin’s stability as well as Solana-style transaction speed, and lower fees.
Its attractiveness has seen it raise over $6.8 million since the start of its presale in February. With its launch slated for Q2, BPEP tokens are worth buying at the currently affordable price of $0.031.
The early adopters have already secured 40.5% in cumulative gains. At the end of the 30 stages, they will have amassed 311.4% gains. Besides, based on its infrastructure and virality, the token has the potential to reach 100X growth in the foreseeable future. Find out how to buy Bitcoin Pepe here.
Ethereum fails to catch up with Bitcoin’s recovery as investor activity drops
Ethereum, the leading altcoin, has been struggling to recover as its internal challenges and macroeconomic uncertainties weigh on the cryptocurrency market. Ordinarily, the asset’s price moves in tandem with that of the top crypto, Bitcoin. However, while Bitcoin price has recorded significant gains since the beginning of the week, Ethereum price continues to trade below its short and medium-term MAs.
According to CoinMarketCap, Bitcoin price has rallied by 1.32% over the past 24 hours while Ethereum has dropped by 0.82% during the same timeframe. Similarly, BTC spot ETFs reported daily net inflows of $381.40 million on Monday compared to ETH spot ETFs’ outflows of $25.42 million.
In the near term, the range between $1,515 and $1,750 will be worth watching. For as long as the crypto remains below the 50-day EMA at $1,882, the bears are still in control.
Read more: Ethereum price prediction: why ETH crashed, and its outlook
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