Bitcoin season remains in play at an index of 14, as highlighted on CoinMarketCap. Even with heightened market volatility and revolutionary technologies like AI and Telegram gaming, BTC remains the most steady and reliable network. While it has dropped by about 20% since hitting its all-time high in late January, it is still 30% higher than it was a year ago.
Even so, savvy investors are increasingly looking for opportunities in the altcoins. More specifically, the meme culture has birthed numerous crypto millionaires. This is one of the reasons why revolutionary meme projects like Bitcoin Pepe are raising hefty figures in their first weeks of presale. Its adoption of the meme culture, coupled with the PEP-20 standard and layer-2 solution on the Bitcoin network places it on the list of crypto ICOs to watch in 2025.
Bitcoin ETFs record massive outflows as BTC price remains in the red
Bitcoin price is in the red for the second week in a row as the bulls strive to defend the support zone of $85,000. Since hitting its all-time high in late January 2025, it has dropped by over 20%; momentarily plunging below the crucial level of $80,000 a week ago.
Amid the selling pressure, Bitcoin ETFs recorded total net outflows of $409.21 million on 7th March as stated on SoSoValue. ARK 21Shares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund topped the list with daily net outflows of $160.03 million and $154.89 million respectively.
A look at its daily chart points to the continuation of the downtrend, atleast in the short term. More specifically, it will likely trade within the range of between $85,083 and the 25-day EMA of $91,054 for a while longer. Failure to attract enough buyers to defend the current support zone will give the bears an opportunity to retest the week’s low at $82,223.
Bitcoin Pepe surpasses $4 million in less than 4 weeks as momentum heightens
Less than 4 weeks since the launch of its presale, Bitcoin Pepe has already raised over $4 million. Indeed, it is more than a typical meme coin; it is a revolutionary project.
Through the new PEP-20 standard, anyone can launch a meme coin directly on the highly stable Bitcoin network. This has bridged the gap between the Bitcoin maximalists who view meme coins as an unserious venture and meme coin enthusiasts who saw BTC as being beyond their reach.
Besides, the Layer 2 solution is aimed at building “Solana on Bitcoin”. This means that investors are assured of Bitcoin’s top-notch security while enjoying lower fees and speedier transactions.
At stage 6 of its presale, the early adopters have already locked in 27.6% in gains. By the time it hits the public shelves in Q2, their capital investment will have earned cumulative returns of 311.4%. Read more on how to buy Bitcoin Pepe here.
Crypto downturn pushes Solana on range-bound trading
Solana price has experienced intense swings in recent weeks; plunging by about 53% since hitting its all-time high in late January 2025. During this timeframe, it has been in the red for six out of the past seven weeks.
A look at its daily chart shows the altcoin trading below the 25 and 50-day EMAs, indicating that it is not out of the woods yet. In the short term, the range between the steady support zone of $125.28 and the resistance level of $146.33 will be worth watching. Further rebounding will have the bulls eyeing the next target at $160.10.
The post Bitcoin Pepe maintains its shine as Bitcoin price bleeds further appeared first on CoinJournal.
