Bitcoin Roars Back, Sparking Craze for Meme Coins: Pepe, Dogecoin, and Shiba Inu Ride the Wave
Bitcoin BTC/USD, along with meme coins like Pepe coin PEPE/USD, Dogecoin DOGE/USD, and Shiba Inu SHIB/USD, are experiencing a surge in price. Despite regulatory scrutiny towards the crypto market, these meme coins known for their volatility are performing well. Bitcoin has rebounded significantly after dropping below $25,000 last week and now represents over half of the entire market capitalization. One factor that may have influenced the rise in Bitcoin’s price and subsequently the meme coin surge is BlackRock’s filing for a Bitcoin spot ETF. Other companies like Invesco and WisdomTree have also submitted applications for their ETFs. Additionally, EDX Markets, a new cryptocurrency exchange, entered the market on Tuesday with support from traditional finance giants such as Citadel Securities, Fidelity, and Charles Schwab.