Pepe (PEPE) and Minotaurus (MTAUR) See Renewed Momentum as Bitcoin Surpasses 100K USDT

As Bitcoin’s price surpassed the psychological $100,000 threshold in December 2024, it ignited momentum across the broader cryptocurrency market.

As Bitcoin (CRYPTO: BTC) continues its rally toward the $100,000 price point in 2024, several altcoins have gained momentum. Here's an update on two such tokens and the broader crypto market trends.

Bitcoin Surges Past 100K USDT in 2024, Eyes New Highs in 2020

Institutions Drive BTC Past 100K USDT in 2024: After a strong year of gains, Bitcoin (BTC) crossed the 100,000 USDT mark in December 2024. This represents a over 140% price increase since the beginning of the year. Several key events contributed to this rally, including the approval of Bitcoin spot exchange-traded funds (ETFs) in January, the fourth halving event in April, and the election of a crypto-friendly U.S. president in November.

Institutions played a major role in this rally, with spot ETFs holding over 1 million BTC, which is nearly 5% of Bitcoin's circulating supply. Companies like MicroStrategy (NASDAQ:MSTR) and Marathon Digital (NASDAQ:MARA) also continued to expand their Bitcoin reserves, highlighting the growing interest from the corporate world.

Despite brief dips below 100,000 USDT following the Federal Reserve’s hawkish stance on rate cuts, corporations, whales, and institutional buyers used these moments to accumulate more Bitcoin at a lower price. Analysts predict that Bitcoin could cross 200,000 USDT in 2025 as institutional demand continues to push the price higher. With strong market momentum, Bitcoin leads the way in 2024, bringing optimism to the broader digital asset space heading into 2025.

PEPE Gains Momentum as Meme Coins See Renewed InterestIns受到机构兴趣和宏观经济逆风的影响，2024年加密货币市场出现动荡，但整体趋势是积极的。随着比特币价格上涨，一些山寨币也出现了大幅上涨。在本文中，我们将重点介绍两种山寨币，它们在2024年上半年表现出了非凡的势头。

PEPE (PEPE) has gained significant attention among buyers seeking high-risk, high-reward assets, thanks to the internet's beloved frog meme. Despite recent dips, PEPE remains one of the top-performing memecoins of 2024, boasting a market cap of over 10 billion USDT.

Currently trading at 0.00001932 USDT, PEPE is approaching its key support level at 0.0000188 USDT. According to analysts, if Bitcoin maintains its rally, PEPE could recover and head toward its resistance levels at 0.00002473 USDT and potentially higher. On-chain data reveals a spike in exchange outflows, indicating that long-term holders are transferring PEPE to private wallets, which could bode well for its future price trajectory.

Moreover, technical analysis shows PEPE nearing oversold territory on the daily RSI at 43. This positions the token for a potential rebound as market sentiment improves. However, buyers remain cautious as recent corrections have introduced short-term volatility, with a possible drop to 0.00001730 USDT if support levels fail to hold.

MTAUR Presale Hits 930,000+ USDT, Builds Traction Anew gaming-focused cryptocurrency, Minotaurus (MTAUR), has garnered attention during its ongoing presale. Combining blockchain technology with casual gaming, the project has managed to collect over 931,868 USDT in its third presale stage. The MTAUR token is priced at 0.0000811 USDT, which is a 70% discount from its listing price of 0.00020 USDT.

To attract early buyers, MTAUR has implemented an incentive where one participant will receive 50,000 USDT in tokens, and others will share the remaining incentives from a prize pool of 100,000 USDT. This initiative has further boosted demand, with buyers aiming to secure discounted tokens ahead of the token’s expected price rally post-listing.

The project's hybrid gaming model has also attracted buyers interested in GameFi, as MTAUR aims to establish itself as a leading platform in the Web3 gaming space, offering incentives for both players and holders. As the presale nears its target of 6.44 million USDT, buyers anticipate significant interest upon listing.

Website: http://minotaurus.io/ Announcements: https://t.me/minotaurus_official Chat: https://t.me/minotaurus_chat Twitter: https://twitter.com/minotaurus_io This is a sponsored