- Bitcoin fell to lows of $75k on Monday as cryptocurrencies crashed amid tariff jitters.
- What does BTC price action mean for Bitcoin Pepe?
- The BPEP meme coin project is currently in presale and has raised $6 million despite a market sell-off.
The cryptocurrency market is experiencing massive turbulence, with Bitcoin (BTC), the flagship digital asset, dipping to $75,000.
Amid this sharp market pullback, marked by Solana slipping below the $100 mark and Ethereum falling under the $1,500 zone, investor sentiment is quickly shifting toward repositioning portfolios.
Bitcoin Pepe (BPEP), a meme coin project blending Bitcoin’s security with Solana’s network speed, is drawing significant attention.
Bitcoin’s dip as markets bleed
Bitcoin’s descent to $75,000 comes amid a broader market correction, with some analysts pointing to a potential extension of the pain.
In recent weeks, the overall sentiment has drawn a negative outlook from tariffs, which means massive profit-taking as investors reassess positions.
The Fear & Greed Index, a popular sentiment gauge, has shifted toward “extreme fear”, reflecting heightened caution among investors.
Such a backdrop has Bitcoin prices under huge downside pressure.
BTC liquidations in the past 24 hours have jumped to over $1.3 billion, per data on Coinglass.
Analysts at Glassnode say that while long liquidations have dominated the wipeout at about 73% of total futures liquidations, the positioning remained mildly bullish.
“The market was not aggressively long, helping explain the absence of cascading liquidations,” the analysts stated.
This points to the potential for a significant rebound if market sentiment shifts, especially in relation to tariffs.
Such a turnaround could lift altcoins broadly, potentially supporting a post-presale rally for Bitcoin Pepe.
What does a BTC dump mean for Bitcoin Pepe?
Bitcoin Pepe is bringing meme culture to the Bitcoin network by introducing the PEP-20 token standard, which enables the launch of meme coins directly on the network.
The project has attracted investor interest ahead of its public launch, with rising demand for its native BPEP token.
As of writing, Bitcoin Pepe’s presale has raised more than $6 million.
Meanwhile, the price of the native token BPEP has increased to $0.0295, representing significant upside from its ICO launch value.
BPEP will be in presale across 30 stages, currently, it is in stage 8, with early birds catching the majority of the 300% rise.
After this, Bitcoin Pepe’s unique positioning as a Bitcoin meme layer 2 platform could see it mirror and outpace the BTC price action.
However, analysts maintain that current market conditions largely present a buying opportunity for risk-tolerant investors.
The dip to $75,000 for BTC could encourage whales, while alts going parabolic after such a bloodbath has happened before.
Supported by its distinct infrastructure, increasing traction, and current market conditions, Bitcoin Pepe is positioned to benefit from a broader move in the crypto market.
Learn more about Bitcoin Pepe here.
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