- As institutional involvement increases, major cryptos are becoming less attractive to investors.
- Traders looking for asymmetric opportunities are looking at early-stage projects such as Bitcoin Pepe.
- The project’s presale has raised close to $16 million.
Bitcoin (BTC) is trading around $107,000 on Friday, placing it just 4% below its all-time high.
Ethereum (ETH) and Ripple (XRP) are also nearing key resistance levels, with potential breakouts in these assets likely to draw renewed investor interest and signal further upside.
After dipping to a daily low of $98,200 on Sunday, Bitcoin avoided a close below the critical $100,000 psychological threshold.
The recovery began on Monday and carried through midweek, with BTC closing above $107,000 on Wednesday and maintaining that level into Friday.
Should Bitcoin sustain its current momentum, a move toward the May 22 all-time high of $111,980 appears within reach.
A decisive close above that mark could open the door to further gains, with the next major target at $120,000.
Institutional adoption remains a key pillar of the ongoing rally, with more firms actively expanding their exposure to digital assets.
As market volatility subsides and institutional involvement increases, major cryptocurrencies are becoming less attractive to investors seeking high-risk, high-reward opportunities.
This environment is driving a shift toward early-stage tokens like Bitcoin Pepe, which are drawing renewed interest from risk-tolerant capital amid improving sentiment across the crypto market.
With traders increasingly turning to speculative corners of the space, high-volatility assets such as Bitcoin Pepe are emerging as prominent beneficiaries of the current momentum.
Bakkt is looking to raise $1 billion
Crypto software firm Bakkt Holdings Inc., a subsidiary of Intercontinental Exchange—the parent company of the New York Stock Exchange—is seeking to raise up to $1 billion through a mix of securities offerings, with potential plans to allocate some of the proceeds toward Bitcoin purchases.
In a Form S-3 filing with the US Securities and Exchange Commission on Thursd