Pepe (PEPE) and Polkadot (DOT) Aim to Reach New Heights as Bitcoin (BTC) Sets Record

The crypto market is bullish today as Bitcoin reaches a new peak of $94k. Bitcoin’s new record-breaking achievement has stirred up interest in the market

Bitcoin price soared to a new all-time high of $94,000 on Monday morning, setting a new record in the cryptocurrency market.

The BTC price reached a peak of $94,133 on the Bitstamp exchange at 00:06 UTC. This marks the highest price point ever reached by Bitcoin since December 2017.

The price of Bitcoin has now increased by more than 300% in 2021, and it is currently showing no signs of slowing down.

The recent surge in the price of Bitcoin is likely being driven by a number of factors, including the increasing institutional interest in the cryptocurrency, the launch of the Bitcoin futures ETF, and the anticipation of the upcoming halving event.

As the price of Bitcoin continues to rise, it is important to remember that the cryptocurrency market is still highly volatile. Prices can change rapidly, and there is always the potential for losses.

If you are considering investing in Bitcoin, it is important to do your own research and to only invest what you can afford to lose.

In other crypto news, several top altcoins are heating up as Bitcoin price reaches a new peak of $94k.

One of the memecoins that is attracting attention is Pepe (PEPE). The meme coin price recently surged from $0.000008 to a peak of $0.00002438.

According to CoinMarketCap, the Pepe crypto is showing gains of 40.7% on the weekly timeframe and 81.0% on the monthly chart.

Going forward, several analysts believe the meme coin price may rise to new levels.

According to Dami-Defi, the value of the Pepe coin could rally to $0.00003400 in the coming days.

“PEPE getting set for a massive BRKOUT, which could happen any moment from now,” the analyst noted.

Similarly, Crypto Bratan also shared a chart that showed the value of Pepe (PEPE) rising to $0.00003665 after a successful breakout.

“Ignore everyone and watch the frog meme coin,” Bratan noted.

Polkadot (DOT) price has been trading within a range of $4.75 – $6.25 in the last seven days, CoinMarketCap data shows.

The cryptocurrency took advantage of the latest market uptick to reach higher levels, but unfortunately, it could not sustain the $6 zone.

However, analysts believe the cryptocurrency could retest the level in the following weeks. If DOT flips this region into a support level, it could reach higher levels in the long term.

Among the analysts that foresee the Polkadot coin climbing to new highs is Chad Moonmore.

In his analysis, Moonmore shared four potential price targets that the cryptocurrency could reach in the coming weeks. The first target is $16.

According to Moonmore, once the Polkadot price reaches this first target, it could rally to a new all-time high.

The other price targets for DOT are $23.81, $29.34, $37.7, and $55.5.

The technical indicators of Polkadot (DOT) are currently bullish. The VWMA (10) and Hull Moving Average (9) are displaying buy signals.