Bitcoin (BTC) price: Price rises significantly above $100,000 again | Bitcoinist.com

Bitcoin's price quickly rebounded after the recent market correction and has risen significantly above the psychologically important $100,000 mark today. One of the triggers for the rebound was the market calming down after the recent turbulence surrounding new AI developments from China. Many investors are now speculating whether this rebound could be the beginning of a larger rally that propels Bitcoin towards a new all-time high once again.

BTC experienced a significant recovery today

Fortunately, the crypto market experienced a significant rebound today, and the total market capitalization of all cryptocurrencies increased by nearly 5% in the last 24 hours. Bitcoin, the leading currency in the crypto market, also benefited from this rebound and gained over 3.7% in just one day. However, yesterday the price experienced a sharp decline, causing Bitcoin to fall to as low as $98,000.

However, overnight, Bitcoin managed to reclaim the psychologically important $100,000 mark on the second attempt. There had already been a first attempt to overcome this hurdle yesterday afternoon, but it initially failed. It was only during the night that Bitcoin made the breakthrough and is currently trading at $102,500 again. As a result, the market capitalization is now back above the important $2 trillion mark.

Source: Coingecko.comYesterday's correction was largely triggered by a technological breakthrough of a Chinese AI company, which developed an AI called DeepSeek-R1 that is as powerful as the US models like GPT-4, but could be developed at a fraction of the cost. This led to massive losses in US tech stocks like NVIDIA and also negatively impacted the crypto market.

Today, however, this negative market reaction has partially reversed. The exuberance of yesterday's downward movement has been corrected, and since cryptocurrencies are not directly affected by the developments in the AI sector, Bitcoin has almost recovered to its level of several days ago.

Could the rally now continue towards a new all-time high?

After the quick rebound in the last 24 hours, the question arises whether this could possibly be the beginning of a rally towards a new all-time high. From a technical standpoint, it would be crucial for Bitcoin to sustain its value above the $102,000 mark in the long term and ideally move back towards the important point of control between $104,000 and $105,000 as soon as possible. If the price consolidates above $105,000, it could trigger a rally that surpasses the $110,000 mark for the first time and reaches a new all-time high.

Such a price increase could be favored by positive news from the United States, especially by new crypto-friendly regulations from President Donald Trump. The possible approval of a Bitcoin or crypto reserve of the USA is still pending. Similarly, in the coming days or weeks, initial approvals for new crypto ETFs could create further potential for price increases.

On the other hand, there are also pessimistic voices among investors who interpret the current rebound as a short-term pause before a larger correction sets in. If BTC falls below the $100,000 mark again within the next 24 to 48 hours, it could be an indication of an upcoming downward movement. In this scenario, further setbacks towards $95,000 or even $90,000 cannot be ruled out.

As the current price situation of Bitcoin is rather uncertain, many investors are currently looking for alternative investment opportunities in younger coins. A particularly interesting example for risk-taking investors is the new meme coin WEPE.

Meme Coin investors are also interested in WEPE today

This is a truly brand new and young meme coin that has been able to benefit significantly from a growing hype around the meme coin sector in recent weeks and months. Currently, WEPE is only available through the official website and the presale widget located there. This means that the coin cannot yet be traded on the open market, but is only available in advance at a discounted fixed price. Investors are currently being offered the opportunity to purchase WEPE for only 0.0003665 $.

Source: Wallstreetpepe.comIt is remarkable that within the last few weeks, over $62.4 million in initial funding has already flowed into WEPE, which is an exceptionally high amount for such a young presale meme coin. Purchasing the coins is quite simple with a bank card or cryptocurrencies.

The mascot of the coin is embodied by a financially interested frog, which represents a creative fusion of the cult character of the Wolf of Wall Street and the popular frog meme PEPE. The approach seems to have hit the nail on the head with investors. The community is growing rapidly and has already reached over 40,900 members on X and almost 19,000 members on Telegram today.

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