BTC consolidates, but market eyes Bitcoin Pepe with just 3 days left to buy

Market capitalisation has slipped 0.8% in the last 24 hours to $3.43 trillion, which remains below Tuesday’s intraday peak of $3.49 trillion and last Friday’s high of $3.54 trillion.

The divergence is notable given the increased risk appetite in equity markets over the past two days, suggesting that optimism in crypto may be more tempered.

Bitcoin has been trading within a 5% range between $106,600 and $111,700 since May 22, currently sitting near the midpoint.

As BTC trades in a tight range and profit-taking from recent gains begins to unfold, new narratives like Bitcoin Pepe are capturing retail attention with the clock ticking on its presale.

Bitcoin’s growing maturity, reduced volatility, and the influx of institutional capital have made it less attractive to investors chasing high-risk, high-reward opportunities.

In contrast, early-stage tokens such as Bitcoin Pepe are attracting interest from speculative traders willing to embrace elevated risk in exchange for the possibility of outsized returns.

Bitcoin continues to consolidate

Bitcoin reached new all-time highs of $111,970 on May 22, but Bitfinex analysts note that price gains alone won’t confirm a sustained uptrend heading into the next quarter.

“A period of consolidation or mild retracement would not only be healthy but also provide a more sustainable foundation for the next leg higher,” the analysts said.

It’s not unusual for Bitcoin to enter a consolidation following new highs.

After topping out at $73,679 in March 2024, Bitcoin fluctuated within a $20,000 range until Donald Trump’s US presidential election win last November.

Historically, the third quarter has been Bitcoin’s weakest, with an average return of 6.03% since 2013, according to CoinGlass.

Q2 has fared better, averaging 27.25% over the same period.

Bitfinex analysts added that Bitcoin has entered a short-term range-bound phase, driven in part by profit-taking from short-term holders — defined as those holding BTC for less than 155 days.

Over the past month, these holders have realized $11.4 billion in profits.

Bitcoin Pepe presale to end soon

Even as BTC stabilises, the recent surge to new highs is once again bolstering sentiment across the crypto market, historically a precursor to broader rallies.

As capital flows back into digital assets, speculative corners of the market, particularly meme coins, are drawing increased investor interest.

Bitcoin Pepe stands out as a key beneficiary of this shift.

Positioned at the intersection of meme culture and blockchain utility, the project is the first meme-centric Layer 2 on the Bitcoin network.

It aims to merge Bitcoin’s robust security with Solana-like scalability, setting itself apart from other meme tokens that typically lack technical depth.

To build out its Layer 2 ecosystem, Bitcoin Pepe has announced several strategic partnerships.

These include Super Meme, which will facilitate secure meme coin launches via the PEP-20 standard; Catamoto, supporting BASE chain fair launches; and Plena Finance, which is exploring the integration of BPEP into its mobile-first DeFi app.

A collaboration with the GETE Network has also been announced, potentially expanding Bitcoin Pepe’s footprint into cross-chain Web3 gaming.

These moves reflect an effort to layer real-world utility on top of meme-driven appeal — a combination that could prove attractive in the current market environment.

Investor response has been strong. The project’s presale has raised over $11.7 million to date, with BPEP tokens currently priced at $0.0377.

Bitcoin Pepe is rapidly gaining attention as its presale nears the finish line with only three days remaining.

The presale ends on May 31, 2025, with a centralized exchange listing expected shortly after — a development that could serve as a near-term price catalyst.

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