The frog-themed meme cryptocurrency Pepe (PEPE) made a positive transfer by increasing by over 15% as a result of the startling recovery of the cryptocurrency market.
On June 20, PEPE hit a low of $0.00000091 and reached a high of $0.00000109. Currently, the recovery is still going strong. It reached a high of $0.00000111 before barely backtracking.
According to CoinMarketCap, PEPE was buying and selling for $0.00000107 at the time of writing, up 15% over the previous day. The cryptocurrency with a frog theme increased by 16% last week.
PEPE experienced a 140% increase in its 24-hour trading volume, with $199 million worth of transactions during that time. This occurs as business owners try to profit from the most recent market turbulence.
The possibility of investing behemoth BlackRock filing a U.S. Bitcoin ETF caused traders’ excitement to soar, which in turn increased the value of cryptocurrencies. Since last Thursday, applications for Bitcoin ETFs have been made by four major ETF companies: iShares, Bitwise, WisdomTree, and Invesco.
Some cryptocurrency analysts believe that if the application is approved, it will result in significant new investments for Bitcoin and further market gains.
The total market value of cryptocurrencies increased by 5.94% to $1.13 trillion over the previous day. A brief $162 million worth of crypto-tracked futures were briefly liquidated in response to CoinGlass.
EDX, a brand-new cryptocurrency alternative, has also been launched with support from Citadel Securities, Constancy Investments, and Charles Schwab. This is great news for the cryptocurrency industry.
A “noncustodial” alternative known as EDX positions itself as a market where businesses agree to execute exchanges of cash and “dollars,” using its platform to settle on prices. At first, it supports trading in BTC, ETH, LTC, and BCH.
