One of the popular meme coins PEPE, attracted attention by increasing by 23% in the last 24 hours. This increase comes alongside a similar move to meme coins, which soared following the approval of the first Bitcoin ETF in the US.
The US Securities and Exchange Commission (SEC) on Wednesday announced a development that will make the cryptocurrency market happy, which has been trying to launch such a product for more than a decade, and officially accepted spot-based ETFs.
Breaking News: SEC Officially Announced Approving Bitcoin ETFs, Here are the Latest Developments!
Shortly after the confirmation news was announced Bitcoin As it surpassed $47,000, the overall market cap of all cryptocurrencies increased by approximately 5% in the last 24 hours.
PEPE Price Movement
Pepe moved higher in today’s trading session, continuing a broader bounce that began on January 8 after encountering support at $0.000001.
As we reported as Koinfinans.com, PEPE increased by 15% in the last 24 hours to $ 0.000001442. Meme cosn It gained 17% value in the last 24 hours. If the market closes in the green today, the price will have recorded gains for the fourth consecutive day.
During the rise, PEPE recovered above the daily MA 50 at $0.00000131, indicating the possibility of an upward move if it continues.