Reasons Bitcoin (BTC) Price climbed above $34k, and why Pepe Coin’s Price grew by over 33%

In recent days, Bitcoin’s value has surged significantly, climbing from its previous range between $26,000 and $28,000, to a level exceeding $34,000. Simultaneously, younger crypto coins have also exceeded price growth expectations, with meme tokens such as Pepe Coin growing by over 33% in a single day of trading. This has raised a prominent question on the minds of many, especially after several months of relatively bearish trading: Is Bitcoin and the broader cryptocurrency market potentially entering a bullish phase with higher price levels to come? This article will delve into the reasons explaining Bitcoin’s recent price upswing and explore some potential factors contributing to the price surge of Altcoins like Pepe Coin and others. Additionally, we’ll also touch upon new cryptocurrencies such as rising star ApeMax, which have captured the attention of crypto whales and enthusiasts.

Reasons Bitcoin (BTC) price is climbing:

• A wave of excitement has been growing as mounting speculation and news surrounding possible upcoming BItcoin ETFs has been circulating.
• Several major financial institutions, including BlackRock, JPMorgan, and many others have recently expressed interest in and applied for Bitcoin ETF approval from regulators, while many analysts have suggested that Bitcoin ETF approval could lead to wider Bitcoin and crypto adoption, and possibly usher growing demand and a future crypto bull run.
• As the biggest cryptocurrency by market cap and the most famous crypto coin, it comes as no surprise that positive crypto market sentiment has also fueled greater demand for Bitcoin, which in turn has led to a price rally with BTC above $34,000.
• Amidst Bitcoin’s rise and an upswing in the overall crypto market, new coins like ApeMax are also witnessing growth in their presale, with a flurry of new interested buyers looking at this hot new coin.

Why Pepe Coin’s Price Grew by over 33%

• On October 24th, Pepe Coin witnessed a 24 hour price increase of 33.6%, higher than Bitcoin’s 17.4% rise and Ethereum’s 23.4 price ascent over the same time frame.
• Influenced by the same overall macro crypto market bullish cycle driven by Bitcoin, smaller altcoins like Pepe Coin have progressed rapidly.
• Amongst new altcoins benefiting from the current bullish market sentiment, hot new crypto ApeMax has also been collecting momentum as its crypto presale attracts a growing number of holders by the day.
• As of today, Pepe Coin has clocked in a spectacular 54.3% price increase over a 7 day average, hinting at renewed interest in younger smaller cap coins, altcoins, and young meme tokens.

What is ApeMax – The rising meme coin star:

ApeMax is a hot new altcoin which has quickly gained the attention of crypto whales. ApeMax stands out as the inaugural “Boost-to-Earn” cryptocurrency, pioneering a distinctive staking mechanism known as “boosting”. This decentralized protocol enables stakers to earn rewards by boosting their preferred entities and has a transparent, user-friendly, and fun process for potential token rewards.

The ApeMax presale is currently growing at a rapid pace and is open for a limited duration. In this presale phase, buyers have the opportunity to obtain ApeMax tokens at early presale prices. Additionally, eligible buyers can take advantage of exclusive discounts on Early Bird Loot Boxes. ApeMax tokens can be acquired using various well-known cryptocurrencies, such as Ethereum, as well as Binance Coin (BNB), Tether (USDT) and USD Coin.

>> Explore the ApeMax Website to Discover More <<

Bitcoin Growth – Key Facts

• Launched on January 3, 2009 by pseudonymous creator, Satoshi Nakamoto.
• In late April 2013, Bitcoin clocked in a price of $135.30 per BTC
• Towards the end of 2017, during a bullish run, Bitcoin’s price soared to a first high of $19,423 on the 17th of December.
• Following a slower period from 2018-2020, Bitcoin entered into another bull run in 2021 and climbed to a first peak of $63,576 in April 2021, then following a short decline, BTC then rose again to $67,145 on the 10th of November of the same year.
• 2022 marked a slower period for Bitcoin, with the coin’s price even dropping to as low as $15,814 in late November of that year.
• After slow growth in 2023, Bitcoin’s price shot up above the $30,000 price milestone on the 23rd of October, and reached a new 90 day high of $34,606 on October 24th.

Summary and Key Takeaways

Lately, the cryptocurrency market has been swept up in a surge of positivity and bullish enthusiasm as Bitcoin and various other digital currencies have seen their prices on the rise. The recent surge in Bitcoin’s price can be linked to several key factors. These include positive developments related to Bitcoin ETFs, which have sparked a bullish sentiment in the cryptocurrency markets, as well as growing demand for Bitcoin from institutional and retail players alike. As Bitcoin continues to witness growth, newer cryptocurrencies like Pepe Coin and ApeMax are attracting significant interest and attention. In the midst of the start of a possible new bull run, many buyers are turning to alternative coins beyond Bitcoin. Notably, the exclusive ApeMax presale is rapidly gaining traction and expanding its reach in the crypto space.

While the cryptocurrency market has experienced recent upswings, it’s crucial to acknowledge that cryptocurrencies come with inherent risks and are susceptible to significant volatility. They can exhibit substantial price increases as well as sharp declines. This article does not provide any financial guidance or recommendations. Before getting involved in any crypto activities, it’s of utmost importance to fully understand and recognize all the risks. It’s crucial not to allocate more than you can afford to lose into crypto. Moreover, it’s worth noting that cryptocurrency may not be suitable for everyone. Certain coins, like ApeMax, come with regional purchasing restrictions, which means that individuals from specific countries may be unable to buy this token. The list of ineligible regions includes several countries such as the USA, Canada, and others. For comprehensive information, please refer to the official ApeMax website.