Bitcoin Pepe price outlook as tensions in Middle East rattle crypto market
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Bitcoin briefly fell below $104,000 for the first time in a week on Thursday, as geopolitical tensions flared following explosions in Tehran.
The sharp decline triggered widespread liquidations across the crypto market, with Ethereum and Solana also falling by about 9% in the past 24 hours.
The drop in Bitcoin, from $106,042 to $103,053 within 90 minutes, coincided with reports of explosions in Iran’s capital around 22:50 UTC.
Israel later claimed responsibility for the strikes, further rattling global risk sentiment.
Bitcoin has since recovered slightly to $104,370 at the time of publication, according to data from CoinMarketCap.
The market reaction resulted in approximately $1.15 billion in crypto futures liquidations, including $427.84 million in long positions, according to data from CoinGlass.
The sudden correction caught many traders offside, just days after Bitcoin touched $110,265 on Tuesday, nearing its May 22 all-time high of $111,940.
Volatility remains elevated amid escalating geopolitical uncertainty, with traders closely watching developments in the Middle East.
With Bitcoin facing renewed volatility amid escalating tensions in the Middle East, retail investors are increasingly shifting capital into high-upside, early-stage tokens such as Bitcoin Pepe — now in the final stretch of its presale.
Since its launch in February, Bitcoin Pepe’s presale has maintained consistent traction, positioning the project as a standout in the crowded meme coin market.
Bitcoin may weather the storm
Bitcoin entrepreneur Anthony Pompliano noted that while oil and gold are currently gaining and Bitcoin is declining, historical precedent suggests the trend may soon reverse.
Citing market behaviour during a similar geopolitical flare-up in October, when Iran launched hundreds of rockets at Israel, Pompliano recalled that Bitcoin initially dropped 3%, only to rebound sharply.
“Bitcoin ended up outperforming the other two over the first 48 hours in that situation,” he said, implying the current market reaction could follow a similar trajectory.
“Will be interesting to see what happens here,” he further added.
Bitcoin Pepe’s presale has stayed resilient
The crypto market has witnessed significant volatility over the past few months — sharp rallies, deep pullbacks, and shifting investor sentiment have all played their part.
Yet amid this turbulence, the Bitcoin Pepe presale has managed to hold steady, consistently attracting capital.
If the trend is any indication, the project may have what it takes to weather the current storm as well.
Positioning itself as the first meme-centric Layer 2 built on the Bitcoin network, Bitcoin Pepe is attempting to redefine meme tokens by fusing Bitcoin’s foundational security with the scalability typically associated with chains like Solana.
This blend of infrastructure depth and cultural appeal distinguishes it from the vast pool of meme tokens lacking technical merit.
To scale its Layer 2 ecosystem, Bitcoin Pepe has secured a series of strategic partnerships with Super Meme, Catamoto, and Plena Finance.
The project’s hybrid strategy — combining real-world utility with meme-driven virality — appears to be gaining traction.
Its presale has already raised over $14 million, with BPEP tokens priced at $0.0416.
With four days left until the listing announcement on June 17, investor focus on the project is only intensifying.
The post Bitcoin Pepe price outlook as tensions in Middle East rattle crypto market appeared first on Invezz
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