Bitcoin’s price has jumped 4% since yesterday and investors are wondering if this is the start of a new bull run. The coin’s rebound comes on the heels of research showing that 2024 was a banner year for Bitcoin millionaires. Bitcoin price jump Now, all eyes are on Wall Street Pepe, a new meme coin hoping to capture some of that magic.
Recovery Signals Potential for Gains
After falling below $91,500, the lowest price since December 30, Bitcoin has recovered. After a slight decline, it appears that Bitcoin will eventually register a positive day. The technicals of the coin indicate that this might be the case. The most recent recovery in Bitcoin is exactly in line with the crucial 0.618 Fibonacci retracement level, which frequently indicates the beginning of an upswing.
Additionally, Bitcoin is trying to regain its position above its 50-day exponential moving average. The coin might move back toward the $100,000 mark if it does. However, it’s not only the charts that appear promising. As traders return to the market, spot trading volumes have surged, surpassing $60 billion in the last day. All of this implies that the recent surge in Bitcoin could be the beginning of something more significant.
Bitcoin Millionaires Rally Anticipated
Finbold’s new research has contributed to some of the recent interest in Bitcoin. In 2024, addresses were becoming millionaires per day. There has never been anything like that before. Over 153,000 Bitcoin millionaire wallets existed at the end of the year, a 58% increase from 2023. However, smaller traders weren’t the only ones participating. Over 7,500 wallets held more than $10 million, and the number of wallets holding between $1 million and $10 million increased by nearly 49,000.
And according to a well-known crypto journalist, this is only the beginning. Bitcoin is usually dull before it takes off, according to a tweet made yesterday by someone who works for Bitcoin Magazine. He included a graphic that demonstrates how the coin’s Bitcoin price jump current price behavior resembles trends observed before past strong rises. It implies that there may be another Bitcoin rally coming soon.
Wall Street Pepe Raised Poised
While Bitcoin appears to be on the rise, other cryptocurrencies also appear to be ready for a breakthrough. In its presale stage, one meme coin has raised a total of $45 million. Since coming live in December, it has averaged more than $1 million every day. isn’t simply another meme currency with no use. The team wants to provide ordinary investors with access to the same type of alpha.
Considering how popular meme coins will be in 2025, it’s an intriguing concept. Furthermore, the timing of Wall Street Pepe couldn’t be better. In late December, Elon Musk altered his profile image to a frog, which sparked a mini-rally with Pepe-themedThis indicates that the circumstances are perfect for a new frog coin to emerge and disrupt the market.
Early Buyers Eye 10x Gains and Staking Reward
Those who decide to buy early can also stake their WEPE for estimated yields of a crypto YouTuber with over 134,000 subscribers, called the next 10x meme coin. Bitcoin price jump He also predicted WEPE’s presale will hit the $50 million mark soon. Overall, the signs look good for this brand-new meme coin
Early buyers of WEPE can stake their tokens for estimated yields, with significant excitement surrounding the coin’s potential. A popular crypto YouTuber with over 134,000 subscribers has labeled WEPE as the next 10x meme coin, further boosting investor confidence. The YouTuber also predicted that WEPE’s presale could soon hit the $50 million mark.
Summary
The recent 4% increase in the price of Bitcoin has raised expectations that a fresh bull run may be ready to begin. Bitcoin price jump The rebound comes after encouraging data indicates that there was a spike in Bitcoin millionaires in 2024, with over 153,000 new millionaire wallets. With a significant Fibonacci retracement level and increasing spot trade volumes of over $60 billion, Bitcoin’s technicals point to a possible upswing. At the same time, Wall Street Pepe (WEPE), a meme coin, is becoming more well-known.
