{"id":363086,"date":"2024-01-11T00:00:38","date_gmt":"2024-01-10T18:30:38","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=363086"},"modified":"2024-01-10T16:55:03","modified_gmt":"2024-01-10T11:25:03","slug":"pepe-rides-the-bitcoin-etf-wave-prices-jump-by-5","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/pepe-rides-the-bitcoin-etf-wave-prices-jump-by-5\/","title":{"rendered":"Pepe rides the Bitcoin ETF wave; prices jump by 5%"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Pepe leaps in excitement with over 5% increase.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">Volume has also increased to its highest in five days.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Following the false approval news of a Bitcoin [BTC]\u00a0 ETF, certain altcoins, including Pepe, experienced a positive impact. Pepe demonstrated a favorable trend, offering a glimpse into the potential influence of the BTC development.<\/span><\/p>\n<h4><b>Pepe gains from BTC&#8217;s fake approval news<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Per a recent <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1744896831283483005?t=2PWW-tnegNIBq4mLyf4UUA&amp;s=19\" target=\"_blank\" rel=\"noopener\">Santiment<\/a> post, certain altcoins experienced a surge in response to the spot ETF approval news initially posted on the SEC&#8217;s X handle (previously Twitter). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The announcement led to an initial rise in the <a href=\"http:\/\/ambcrypto.com\/no-sec-denies-approving-spot-bitcoin-etf-claims-compromised-account\/\" target=\"_blank\" rel=\"noopener\">BTC<\/a> price, which was later reversed as the news was confirmed to be false. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Santiment&#8217;s chart, <a href=\"http:\/\/ambcrypto.com\/pepes-rally-investors-flock-in-as-volume-soars-and-bulls-take-charge\/\" target=\"_blank\" rel=\"noopener\">Pepe<\/a> maintained its value. At the same time, BTC declined, and Ethereum and Lido were among the other altcoins that benefited from the overall rise.<\/span><\/p>\n<figure id=\"attachment_363109\" aria-describedby=\"caption-attachment-363109\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Bitcoin-BTC-11.06.01-10-Jan-2024.png\"><img decoding=\"async\" class=\"size-full wp-image-363109\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Bitcoin-BTC-11.06.01-10-Jan-2024.png\" alt=\"Reaction of PEPE and other altcoins\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Bitcoin-BTC-11.06.01-10-Jan-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Bitcoin-BTC-11.06.01-10-Jan-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Bitcoin-BTC-11.06.01-10-Jan-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Bitcoin-BTC-11.06.01-10-Jan-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Bitcoin-BTC-11.06.01-10-Jan-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Bitcoin-BTC-11.06.01-10-Jan-2024-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-363109\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><b>How PEPE trended<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Analyzing <a href=\"http:\/\/ambcrypto.com\/pepe-coin-dips-8-in-last-7-days-future-predictions\/\" target=\"_blank\" rel=\"noopener\">Pepe&#8217;s<\/a> two-hour timeframe between 9th and 10th January showed notable price movements. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Initially, on 9th January, there was a decline, but as the day progressed, the chart indicated a gradual increase. This upward trend continued into the early hours of 10th January, showing close to a 6% gain within the two-hour timeframe. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">By the end of 9th January, the daily timeframe displayed a 0.84% increase. Pepe was trading with over a 5% gain as of this writing.<\/span><\/p>\n<figure id=\"attachment_363110\" aria-describedby=\"caption-attachment-363110\" style=\"width: 1491px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/PEPEUSDT_2024-01-10_10-36-39.png\"><img decoding=\"async\" class=\"size-full wp-image-363110\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/PEPEUSDT_2024-01-10_10-36-39.png\" alt=\"PEPE\/USDT daily timeframe chart\" width=\"1491\" height=\"785\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/PEPEUSDT_2024-01-10_10-36-39.png 1491w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/PEPEUSDT_2024-01-10_10-36-39-300x158.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/PEPEUSDT_2024-01-10_10-36-39-1024x539.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/PEPEUSDT_2024-01-10_10-36-39-768x404.png 768w\" sizes=\"(max-width: 1491px) 100vw, 1491px\" \/><\/a><figcaption id=\"caption-attachment-363110\" class=\"wp-caption-text\">Source: Trading View<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Additionally, the two-hour timeframe indicated a shift into a bull trend, as suggested by its Relative Strength Index (RSI).<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> However, on a longer timeframe, Pepe had not fully entered a bull trend, though there was improvement. Currently, its RSI is close to the neutral line and could cross above it if the upward trend persists.<\/span><\/p>\n<h4><b>Pepe sees more volume<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">An examination of Pepe&#8217;s volume on Santiment showed a recent slight uptrend. This increase in volume suggests heightened trading activity in response to observed price changes. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the last five days, the trade volume remained below $100, but as of this writing, it was over $129 million.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">\u00a0How much are 1,10,100 PEPEs worth today<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">According to <a href=\"https:\/\/coinmarketcap.com\/currencies\/pepe\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap<\/a> data, there has been an almost 40% increase in volume in the last 24 hours. Additionally, the market cap has risen by nearly 1%, attributed to the recent uptick in price.<\/span><\/p>\n<figure id=\"attachment_363112\" aria-describedby=\"caption-attachment-363112\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Pepe-PEPE-11.09.01-10-Jan-2024.png\"><img decoding=\"async\" class=\"size-full wp-image-363112\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Pepe-PEPE-11.09.01-10-Jan-2024.png\" alt=\"Pepe volume\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Pepe-PEPE-11.09.01-10-Jan-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Pepe-PEPE-11.09.01-10-Jan-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Pepe-PEPE-11.09.01-10-Jan-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Pepe-PEPE-11.09.01-10-Jan-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Pepe-PEPE-11.09.01-10-Jan-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/01\/Pepe-PEPE-11.09.01-10-Jan-2024-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-363112\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The positive correlation between price movement and increased volume suggests that altcoins like Pepe stand to benefit from shifts in Bitcoin&#8217;s price, particularly in the event of approval for its spot ETF.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current trend of Pepe has shown that it would be one of the beneficiaries of the rise in Bitcoin&#8217;s price.<\/p>\n","protected":false},"author":76,"featured_media":363116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,5824,66,3,4,20],"tags":[],"class_list":["post-363086","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pepe rides the Bitcoin ETF wave; 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