Bitcoin Sets New ATH, Spurring Bullish Altcoin Activity

Bitcoin has established a new all-time high (ATH), fueling bullish momentum in various altcoins, including the memecoin PEPE.

PEPE Pump

PEPE has broken through the $0.000017 price barrier, surging over 90% in value. This rally has heightened expectations for an impending "altseason," a period of strong performance for altcoins.

Bitcoin's Impact

Bitcoin's recent ATH of $93,434.36 has amplified market optimism. With the Crypto Fear & Greed Index reaching "extreme greed" territory, investors anticipate further gains for the leading cryptocurrency. Analysts predict that BTC could reach six-figure targets by the end of Q4, potentially surpassing $150,000.

Altseason Outlook

The expectation of a BTC rally to $100,000 is fueling bullish sentiment in the altcoin market. Many altcoins, including PEPE, are displaying strong price momentum and technical indicators.

PEPE Price Surge

PEPE's recent pump is seen as a harbinger of altseason, which is anticipated to begin in Q1 of 2025. During this period, altcoins are expected to set new ATHs, similar to Bitcoin's current trajectory.