Hassan Maishera
TL;DR
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Bitcoin rallied to a new all-time high price of $93,434 on Wednesday.
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PEPE outperforms other major cryptocurrencies after adding nearly 90% to its value in 24 hours.
BTC Hits $93,400
It has been a parabolic week for Bitcoin, and the leading cryptocurrency by market cap continues to set new highs. On Wednesday, Bitcoin rallied to a new all-time high price of $93,434 as strong demand crushed the $90k resistance level.
BTC has since retraced and now trades at $89,662 per coin. Thanks to this latest rally, Bitcoin has overtaken Silver to become the eighth-largest asset in the world by market cap. With a $1.7 trillion market cap, Bitcoin could overtake Saudi Aramco soon if the rally is sustained.
PEPE Leads the Charge
While Bitcoin dominated the headlines, Pepe outperformed other major cryptocurrencies on Wednesday. PEPE added 85% to its value in the last 24 hours and now trades at $0.00002344.
The rally saw PEPE jump to the 14th in the market, with a market cap of nearly $10 billion. The price increase came as several major exchanges began listing the memecoin.
Robinhood also announced yesterday that it listed Pepe, Solana, Cardano, and XRP for U.S. customers. The platform previously delisted Solana, Cardano, and XRP after the U.S. Securities and Exchange Commission (SEC) targeted various centralized exchanges with charges of offering unregistered securities.
Coinbase began allowing Pepe trading on its platform on Wednesday. Furthermore, Upbit, the largest cryptocurrency exchange in South Korea, also opened the Pepe trading pair yesterday. The Korean exchange is ranked fifth on CoinMarketCap’s top spot exchanges, with a daily trading volume of over $10 billion.
