Bitcoin Price Surges Above $69,660, Triggering Altcoin Volatility

比特幣價格飆升至 69,660 美元以上，引發山寨幣波動

Bitcoin's price has ascended above $69,660, inducing substantial fluctuations in altcoins. Recent developments have heightened the risk appetite among crypto investors. President Biden's reluctance to veto the crypto law and the proactive actions by potential issuers of spot Ether ETFs have contributed to this surge. Accelerated file updates suggest enhanced communication with the SEC, potentially increasing the likelihood of approval.

比特幣價格已升至 69,660 美元以上，引發山寨幣大幅波動。最近的事態發展提高了加密貨幣投資者的風險偏好。拜登總統不願否決加密貨幣法，以及潛在以太坊 ETF 潛在發行人的積極行動，促成了這一激增。加速文件更新表明加強了與 SEC 的溝通，可能會增加批准的可能性。

PEPE Coin Commentary

PEPE幣評論

PEPE Coin has regained its all-time record levels. However, as previously cautioned, such elevated levels, where profitability is widespread, can trigger significant selling. Network Realized Profit/Loss indicates declining overall gains since April, suggesting a shift towards profit-taking.

PEPE 幣已恢復其歷史最高水準。然而，正如先前所警告的那樣，在普遍盈利的情況下，如此高的水平可能會引發大量拋售。網路已實現損益顯示自 4 月以來整體收益下降，顯示轉向獲利了結。

With the re-attainment of all-time high levels, investors who have secured substantial profits may opt to exit, potentially leading to a pullback. The 30-day MVRV indicator, currently at 38%, has historically triggered price corrections in the range of 15% to 36%. Consequently, PEPE Coin may be experiencing the onset of a sell-off.

隨著重新達到歷史高位，獲得可觀利潤的投資者可能會選擇退出，這可能會導致回檔。 30 天 MVRV 指標目前為 38%，歷史上曾引發 15% 至 36% 範圍內的價格修正。因此，PEPE Coin 可能正在經歷拋售。

PEPE Coin Price Prediction

PEPE 幣價格預測

The altcoin's recent 51% surge in two days was largely driven by the rise in BTC price. Meme Coins have consistently exhibited greater volatility, particularly during BTC price increases, due to the influx of investors seeking quick gains. PEPE Coin's new all-time high of $0.0000143 has yet to produce a bearish signal technically.

該山寨幣最近兩天飆升 51%，很大程度上是由 BTC 價格上漲推動的。由於尋求快速收益的投資者湧入，Meme 幣一直表現出更大的波動性，特別是在 BTC 價格上漲期間。 PEPE Coin 的歷史新高 0.0000143 美元尚未在技術上產生看跌訊號。

Nevertheless, should a pullback occur due to the factors outlined above, the initial support level to watch is $0.0000125, representing the 78.6% Fibonacci Retracement. Failure to hold this level may result in a further decline to the 61.8% Fib line at $0.00001146.

然而，如果由於上述因素而出現回調，值得關注的初始支撐位為 0.0000125 美元，即 78.6% 斐波那契回檔位。如果未能守住這一水平，可能會導致進一步跌至 61.8% 斐波那契線 0.00001146 美元。

If the final support level is breached, indicating a persistent sell-off, PEPE Coin may experience a delayed recovery. Conversely, a robust rebound from this support could be fueled by bulls cashing in their substantial profits, potentially paving the way for a new ATH. Bitcoin's price remains within the $70,000 range for the time being.

如果最終支撐位被突破，表示持續拋售，PEPE 幣可能會經歷延遲的復甦。相反，多頭兌現巨額利潤可能會推動這種支撐位的強勁反彈，從而可能為新的最高點鋪平道路。比特幣的價格暫時保持在 70,000 美元的範圍內。