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

比特币价格飙升至 69,660 美元以上，引发山寨币波动

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.

比特币价格已升至 69,660 美元以上，引发山寨币大幅波动。最近的事态发展提高了加密货币投资者的风险偏好。拜登总统不愿否决加密货币法，以及潜在以太坊 ETF 潜在发行人的积极行动，促成了这一激增。加速文件更新表明加强了与 SEC 的沟通，可能会增加批准的可能性。

PEPE Coin Commentary

PEPE币评论

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 币已恢复其历史最高水平。然而，正如之前所警告的那样，在普遍盈利的情况下，如此高的水平可能会引发大量抛售。网络已实现损益显示自 4 月份以来整体收益下降，表明转向获利了结。

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.

随着重新达到历史高位，获得可观利润的投资者可能会选择退出，从而可能导致回调。 30 天 MVRV 指标目前为 38%，历史上曾引发 15% 至 36% 范围内的价格修正。因此，PEPE Coin 可能正在经历抛售。

PEPE Coin Price Prediction

PEPE 币价格预测

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.

该山寨币最近两天飙升 51%，很大程度上是由 BTC 价格上涨推动的。由于寻求快速收益的投资者涌入，Meme 币一直表现出更大的波动性，特别是在 BTC 价格上涨期间。 PEPE Coin 的历史新高 0.0000143 美元尚未在技术上产生看跌信号。

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，如果由于上述因素而出现回调，值得关注的初始支撑位为 0.0000125 美元，即 78.6% 斐波那契回撤位。如果未能守住这一水平，可能会导致进一步跌至 61.8% 斐波那契线 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.

如果最终支撑位被突破，表明持续抛售，PEPE 币可能会经历延迟的复苏。相反，多头兑现巨额利润可能会推动这种支撑位的强劲反弹，从而可能为新的最高点铺平道路。比特币的价格暂时保持在 70,000 美元的范围内。