Bitcoin’s price has jumped 4% since yesterday – and investors are wondering if this is the start of a new bull run.
The coin’s rebound comes on the heels of research showing that 2024 was a banner year for Bitcoin millionaires.
Now, all eyes are on Wall Street Pepe, a new meme coin hoping to capture some of that magic.
Bitcoin has made a comeback, climbing to $94,850 after dipping to $91,500 – its lowest price since December 30.
It looks like Bitcoin will finally post a green day after a bit of a slump.
The coin’s technicals suggest this could be the case.
Bitcoin’s latest bounce perfectly aligns with the key 0.618 Fibonacci retracement level, which often signals that an uptrend has started.
Plus, Bitcoin is also attempting to break back above its 50-day exponential moving average (EMA).
If it does, we could see the coin push towards the $100,000 level again.
But it’s not just the charts that are looking good.
Spot trading volumes have increased, topping $60 billion in the past 24 hours as traders flock back to the market.
All of this suggests Bitcoin’s latest jump might be the start of something bigger.
Some of the interest around Bitcoin in the past day has been due to new research from Finbold.
Their research showed that 154 BTC addresses were hitting millionaire status daily in 2024.
That’s something that has never been seen before.
By the end of the year, there were over 153,000 Bitcoin millionaire wallets – a 58% jump from 2023.
But it wasn’t just smaller traders getting in on the action.
REMINDER: #Bitcoin is always boring before it goes parabolic ✨ pic.twitter.com/ToplCknSVF
— The Bitcoin Historian (@pete_rizzo_) January 9, 2025
The number of wallets holding between $1 million and $10 million shot up by almost 49,000, and over 7,500 wallets were holding more than $10 million worth of BTC.
This data shows just how much wealth the coin created last year.
And one popular crypto journalist thinks this is just the start.
Pete Rizzo, who works for Bitcoin Magazine, tweeted yesterday, “Bitcoin is always boring before it goes parabolic.”
He attached a chart showing that the coin’s current price action is similar to patterns seen before previous explosive rallies.
It suggests another Bitcoin rally could be on the horizon.
Bitcoin is looking bullish, but other cryptos also seem primed for a breakout.
One is Wall Street Pepe, a meme coin that has now raised $45 million in its presale phase.
It’s averaging over $1 million per day since going live in December.
Wall Street Pepe isn’t just another no-utility meme coin.
Instead of relying solely on hype and memes, the team is taking a different approach – they want to give regular investors access to the same kind of “alpha calls” that Wall Street insiders use.
Just hit $45M. A big GM to the Wepe army. 🐸⚔️ pic.twitter.com/dIT3TPAroM
— Wall Street Pepe (@WEPEToken) January 10, 2025
It’s an interesting idea, especially given the mainstream nature of meme coins in 2025.
Plus, Wall Street Pepe’s timing couldn’t be better.
Elon Musk changed his profile picture to a frog in late December, prompting a mini-rally in Pepe-themed meme coins.
That means the conditions are ideal for a new frog coin to launch and shake up the market.
Right now, investors can buy WEPE tokens in presale for $0.00036645.
And those who decide to buy early can also stake their WEPE for estimated yields of 28% per year.
ClayBro, a crypto YouTuber with over 134,000 subscribers, called it the “next 10x meme coin.”
He also predicted WEPE’s presale will hit the $50 million mark “soon.”
Overall, the signs look good for this brand-new meme coin
With Wall Street Pepe’s Twitter following now at over 32,700, this could be an opportunity for early backers to join the next generation of crypto millionaires.
Visit Wall Street Pepe Presale
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