Bitcoin ETF News Benefited That Meme Coin: Here Are The Details Of The Rise!

One of the popular meme coins, PEPE, has attracted attention, rising by 23% in the last 24 hours. This increase comes in tandem with a similar move to meme coins, which have been on the rise following the first Bitcoin ETF approval in the United States.

On Wednesday, the U.S. Securities and Exchange Commission (SEC) officially accepted spot-based ETFs, which will delight the cryptocurrency market, which has been trying to launch such a product for more than a decade.

## Breaking News: SEC Officially Announces Approval of Bitcoin ETFs, Here's the Latest!

Shortly after the news of the endorsement was announced, Bitcoin surpassed $47,000, while the overall market capitalization of all cryptocurrencies increased by about 5% in the last 24 hours.

PEPE Price Action

Pepe turned bullish in today's trading session, continuing a broader bounce that began after encountering support at $0.000001 on Jan. 8.

As Koinfinans.com reported, the PEPE has increased by 15% in the last 24 hours to $0.000001442. Meme coşn has gained 17% in the last 24 hours. If the market closes in the green today, the price will have recorded gains for the fourth day in a row.

During the uptrend, PEPE rebounded above the daily MA 50 level at $0.00000131, indicating the possibility of an upside move if it continues.

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