Over the past few days, the market was presented with some important data including employment data and the FOMC decision. Waima so not much effect can be seen in the past few days, even the US Federal Reserve's rate increase did not cause the fluctuations that usually occur.
This week the market is still upholding meme tokens, among which Pepe Coin is the leader. All eyes are on the frog-inspired cryptocurrency as it continues its epic run and breaks into the top 100 on the charts.
Bitcoin price has failed to show any indication for the time being in the last 24 hours and remains at $29K trading. The price did go through a bit of a swing, hitting $29.5K for a while, but retraced almost immediately as the price increase couldn't sustain the momentum.
BTC price is stuck in a fairly tight range, and a break through or below it will likely determine its direction for the near term. However, at the time of this writing, volatility is still small. The market is paying attention to the $28.5k support level.
Liquidations over the past 24 hours were around $26 million, specifically for Bitcoin, which proves relatively low volatility. Altcoins have also failed to perform impressively over the past 24 hours, as seen in the heatmap.
Most cryptocurrencies have failed to post any significant gains. The only exception to this is memecoin PEPE.
Recently Pepe has caught the attention of Binance and wants to list this token at 12 o'clock in the morning. PEPE was launched less than three weeks ago and already has a market cap of over $1 billion.
Regardless, it will be interesting to see if PEPE will be able to continue his success until he finally challenges SHIB and DOGE.
