- As traders move toward more speculative areas of the crypto market, assets like Bitcoin Pepe are emerging as notable beneficiaries.
- The project’s presale has raised over $15.4 million.
- The team has also secured listings on MEXC and BitMart.
The cryptocurrency market rallied sharply on June 24, with total market capitalisation rising approximately 4.4% over the past 24 hours to $3.26 trillion, as geopolitical tensions in the Middle East eased.
The broad-based recovery was accompanied by a 10% jump in 24-hour trading volumes, reaching $150 billion, signalling a clear return of buyer interest across digital assets.
The move higher began during late New York trading hours on June 23, after US President Donald Trump announced a “total ceasefire” between Israel and Iran, alleviating fears of a prolonged regional conflict.
The 12-day escalation—marked by Israeli airstrikes on Iranian nuclear infrastructure and retaliatory missile attacks—had triggered risk aversion, dragging down prices across crypto and other risk assets.
With the ceasefire announcement restoring investor confidence, Bitcoin (BTC) rebounded to as high as $106,000, while Ethereum (ETH) reclaimed the $2,400 level.
However, a certain level of uncertainty is still present in the markets.
Even in this uncertain environment, institutional adoption continues to be a positive trend, with more firms expanding their exposure to digital assets.
As participation grows, top-tier cryptocurrencies are becoming less appealing to investors seeking high-risk, high-reward opportunities.
This shift is driving renewed interest in early-stage tokens such as Bitcoin Pepe, which are attracting risk-oriented capital.
As traders move toward more speculative segments of the market, assets like Bitcoin Pepe are emerging as notable beneficiaries of the current momentum.
Hong Kong fund to make crypto moves
VMS Group, a multifamily office managing nearly $4 billion in assets, plans to begin investing in crypto as more favourable regulations in Hong Kong attract a broader range of investors to the digital asset space.
The firm intends to allocate up to $10 million to strategies managed by decentralised-finance hedge fund Re7 Capital, according to VMS managing partner Elton Cheung told Bloomberg in an interview.
He noted that the final allocation size has yet to be determined.
The move marks a strategic shift for VMS, which has traditionally focused on private equity and other longer-duration investments since its founding two decades ago.
While those investments have delivered strong returns, they have become increasingly illiquid as more companies delay going public, making timely exits more challenging, Cheung said in the interview with the news publication
VMS manages wealth for several of Hong Kong’s billionaire families, with exposure across sectors including internet technology and pharmaceuticals.
In 2023, the firm partnered with a former executive from Chinese AI firm SenseTime Group Inc. to pursue early-stage investments in artificial intelligence.
Interest remains strong in Bitcoin Pepe
As Bitcoin attempts a strong rebound and eyes a potential new all-time high, its rising institutional adoption continues to support overall market sentiment.
Simultaneously, investors are rotating back into high-beta areas of the crypto market, with meme coins experiencing renewed inflows.
Among the most notable is Bitcoin Pepe, which has differentiated itself by combining meme-driven appeal with a Layer 2 infrastructure narrative.
Unlike traditional meme tokens that depend purely on viral momentum, Bitcoin Pepe positions itself as the first meme-centric Layer 2 built on the Bitcoin network.
It aims to offer scalability and speed comparable to Solana, while leveraging Bitcoin’s base-layer security.
Its ongoing presale has raised over $15.3 million, with the BPEP token priced at $0.0416.
A price increase is expected once the presale reaches the $15.54 million mark.
An additional listing announcement is expected on June 30, adding to investor interest as the presale nears its final stages.
1 Comment
The way investor sentiment can shift so quickly with news events, like the Israel-Iran ceasefire, really shows how sensitive the crypto market is to global factors. With projects like Bitcoin Pepe leading presales, I wonder how sustainable this enthusiasm will be.