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.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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