Bitcoin’s Strength Shines Amid Economic Uncertainty – Pepe Coin Follows Suit

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• Despite economic concerns, major cryptocurrencies exhibit a positive momentum.
• Pepe Coin experiences a minor setback amid growing popularity, reflecting the cautious approach of investors.

Despite the prevailing concerns about surging inflation, the crypto sector maintained its upward trajectory, reflecting renewed investor confidence. Our analysis reveals that Bitcoin prominently stands out amid economic uncertainty, with Pepe Coin treading closely behind.

As the fear and greed index lingered at 38, signaling a cautious sentiment, major players like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) showcased promising figures. Specifically, Bitcoin reported a gain of 1.33%, bringing its price to $26,631.14. Ethereum too appreciated by 0.89%, trading at $1,635.45, and Solana observed an increase of 1.37%, settling at $19.19.

Meme Cryptos Hold Their Ground

The meme cryptocurrency segment wasn’t left behind. Dogecoin saw a 1.42% increase, trading at 0.06224, whereas Shiba Inu experienced a 2.25% boost to 0.000007445. Notably, the global crypto market capitalization rose by 1.11%, reaching $1.06 trillion.

One crypto that grabbed attention was Pepe Coin, a rising meme cryptocurrency. It experienced a slight decline of 0.25%, trading at $0.0000006784. Given its rising popularity, the marginal dip seems to reflect the market’s cautious approach due to broader economic concerns.

Other Cryptos to Watch

Axie Infinity (AXS) witnessed an impressive surge of 11.8%, trading at $4.76, suggesting a bullish investor sentiment. On the other hand, THORChain (RUNE) increased by 6.71%, trading at $1.72. Meanwhile, Cosmos (ATOM), after announcing its v12 upgrade completion, experienced a 5.89% hike, settling at $6.91.