Bitcoin rise in price, giving a green candle to memecoin (Pepe)

[Roseline492]

As bitcoin price rises, it positively affects the crypto market and thereby boosts memcoins like pep. Because of this, we see increasing buying pressure and green candles for assets like pep. When bitcoin increases its momentum, traders often turn their attention to altcoins. 

That's the reason why cryptocurrency market entirely depends on the growth of Bitcoin because you can see that with just the little movement this few days we are already seeing some green candles so we can imagine what will happen on the cryptocurrency market when we enter the main bullish season.

However in terms of Pepe I can really see people hyping the coin too much, though I don't know there potential but the only thing I'm a bit certain about the coin is that it may do well on a short period during the bull season but in terms of holding it is the one I'm not sure of advising someone because Memecoins is nothing compare to Bitcoin so is only Bitcoin I can easily advise someone but not in Memecoins.

[0t3p0t]

But the market has reacted positively after the assassination attempt and that is what most mainstream crypto media outlets are writing. Bitcoin Retakes $62K as 'Trump Trades' Back In Vogue After Weekend Attack.

That was what that happened but that does not means it was what that caused the crypto market to become bullish again. It is just a coincidence. I do not see how the market can be linked to Trump assassination.

The meme coin narrative exploded after Bitcoin started pumping earlier this year. They are again following the same path as soon as Bitcoin price started going upwards in the last couple of days. After Bitcoin and Ethereum I think meme coins will be the one giving their investors good returns whenever a bull run comes.

This is true. They are following the same part but that meme coins are far more volatile. Whichs means the bear market will not be easy. Many people will lose than they are expecting.

I am also seeing these factors not relevant to assassination attempt maybe just a coincidence if I am not mistaken though we all know Trump is so vocal about Bitcoin but I don't think it has significance on that event.

With regards to memecoins I am still bullish with it maybe Altcoin season is gearing up. Pepe is performing very well and I am happy for those who has invested on it esepecially those who got it in the early days because I know Pepe will still be doing great in the coming days, months and even years to come and I am expecting new batch of millionaires from that memecoin.

[famososMuertos]

lol
Man, let's say that not everything that glitters is gold, therefore not every news linked or associated with Trump can have an immediate effect on the crypto market, it is your opinion, but it is not a correct line of opinion. Even less in those percentages mentioned.

[JoyMarsha]

When Trump was giving his positive support for bitcoin during his presidential campaign, bitcoin didn't skyrocket at that time immediately, rather it was his assassination attempt that had bitcoin increase in price. How funny is it? That one supposed assassination brings an increase to what they support.

OP, before having a remark on something like bitcoin, you are expected to make some good findings before you draw your conclusion. You can't just draw your conclusion that Trump's assassination attempt is the main cause of the bitcoin increase whereby this is a few months after the bitcoin halving season when it is expected for bitcoin to make some price increase.

[Gposas]

Why this speculation going viral? So does it mean Donald Trumps is the engine room of cryptocurrencies?

This was a co-occurence, Donald Trump's attempted assassination doesn't have a bodily effect on the crypto market, besides he's not the market determinant but for the record that he is a political contestant for the US Presidential seat, he's attempted assassination is a shocking world wide news. And him also being a Big whale in the crypto market, now we all saw an uptrend in the crypto market at close time with the incidence of his assassination, it calls for a close view. Nevertheless, this doesn't makes him the Engine Room or Determinant of the market trend, it was a coincidence.
The crypto market is a place where the bullish trend must always come no matter how long the market has been bearish. So my point is that, at a close time Donald Trump attempted assassination occurred, the crypto market experienced a green candle rising BTC, altcoins and memecoins.

[vegasus]

When the Bitcoin price rises, it will usually affect the price of altcoins, most of the altcoins also rise quite rapidly. We can see what the graph looks like on the coin market cap, right? If Bitcoin goes up, the graph is green, then most of the altcoins will be green too. And that's only natural, not only meme coins but also other altcoins, among other top altcoins. Because the influence of Bitcoin in the cryptocurrency market is still that high.

Check the graphics of crypto here:
https://coinmarketcap.com/

Only stable coins and some of small altcoins that are in red while the BTC is green and rising up.

[Wiwo]

Why this speculation going viral? So does it mean Donald Trumps is the engine room of cryptocurrencies?
On what way did this assassination attempt really got to influence he Crypto market? I'm not doubt of Trump being a Big Whale in the crytop sphere but how can an individual persuade the crypto markets by politics?

Do not take this speculation that is not true serious. This speculation is not true. If Trump was not shot or if the murder attempt did not happen, the price of bitcoin and other cryptocurrencies will still increase. This follows the market than following what some people like the OP are linking to it. We are still in bull period which can be of  little mild bear time which would be followed by another bull market.

Speculators are quick to attribute bitcoin price movement to any event that they can find their hands on, although not everyone does that, but the majority of the newbie's bitcoin price speculators are guilty of this, just like in the ops, how can Trump incident be a trigger for bitcoin price to move in whatever direction it's not true.

Just as Charles TM stated, bitcoin is still very much in its green zone regardless of whatever the short-term market reaction can be, because that is what the market is always known for, as in ups and down movement.

[doc]

As bitcoin price rises, it positively affects the crypto market and thereby boosts memcoins like pep. Because of this, we see increasing buying pressure and green candles for assets like pep. When bitcoin increases its momentum, traders often turn their attention to altcoins.  and their bullish sentiment builds and with it raises prices across the board.  Due to this, the interest and investment of Pep increased a lot.

If bitcoin goes up, the price of almost all altcoins will go up, as well as meme coins. This is always the case, because bitcoin is the king of crypto currencies. but it looks like bitcoin will experience many corrections this year. although later the price will rise again. We can buy coins that we believe will provide profits during corrections and sell them when they increase.

[Faisal2202]

After the attempted assassination of US former President Donald Trump, the crypto market experienced a significant spike in price resulting over 10% weekly rising of BTC reaching over 63k, and raising the Marketcap to over 2.2T.
However , this situation also gave an uptrend to other altcoins, The memecoins also experienced a swift turnover in price... (Pepe). This frog themed memecoin experienced a significant increase of over 15.6% in 24hrs and about 37% on a weekly view allowing a market-leading gain with it's trading volume reaching approximately 2.3 billion and incurring profits for traders.
Currently, Pepe is trending around 0.0000124. This experience also touched other top memecoins including DOGE, SHIB, WIF etc.
In conclusion it's clear that this has given a green candle to crypto market as a whole.

So you think the assassination attempt was the sole reason for the market to go up? That's not right to say, because the assassination attempt was on July 13 and Germany sold all of their BTC till 12 July and if you will see the chart BTC started to go up from 12 July but yeah on the way this event also added a positive vibe in the market. I am assuming the cause would be people who think this has increased the chance of victory for Trump.

Thus crypto will grow more as if Trump wins therefore people will support him and thus market is grow as well. Market is in good condition right now and not only this meme coin is pumping people have made many meme coin of the the trump's earn with blood on it and such memecoins are getting good volume as well.

[yhiaali3]

As the members pointed out above, I do not believe that the market’s rise was due to the attempt to assassinate Trump. There are many factors that led to the rise, but most likely not including the attempt to assassinate Trump. The attempt to assassinate Trump was for political reasons and not because of Bitcoin.

In any case, a rise in memecoins, especially Pepe, is expected in this bullish market. These currencies are greatly affected by the movement of Bitcoin, so their movement is linked to the movements of Bitcoin, which truly leads the market. However, we are still below the required height.

[ZAINmalik75]

After the attempted assassination of US former President Donald Trump, the crypto market experienced a significant spike in price resulting over 10% weekly rising of BTC reaching over 63k, and raising the Marketcap to over 2.2T.
However , this situation also gave an uptrend to other altcoins, The memecoins also experienced a swift turnover in price... (Pepe). This frog themed memecoin experienced a significant increase of over 15.6% in 24hrs and about 37% on a weekly view allowing a market-leading gain with it's trading volume reaching approximately 2.3 billion and incurring profits for traders.
Currently, Pepe is trending around 0.0000124. This experience also touched other top memecoins including DOGE, SHIB, WIF etc.
In conclusion it's clear that this has given a green candle to crypto market as a whole.

It's just a coincidence and this assassination attempt has nothing to do with the market. BTC was dumped because Germany sold their BTC then MT Gox also announced they would be refunding the victims but they started a few days ago not before 13 July. This is just a point of view to give more attention to Trump which he is craving for right now so he could get more voters. People are so blind now that they are ignoring the statements that Trump made in the past, he even said he wanted all the bitcoins to be only in US not outside the US.

This clearly gives the hint that he have no respect for privacy, decentralization, data protection, and security, etc. He is just making statements without any real promises and people who support him are telling to other BTC supporters that he is good at this and that. The reality we all know is he is just a politician making strategies to get voters only. He will make things more worse in my opinion.

[satpol_PP]

After the attempted assassination of US former President Donald Trump, the crypto market experienced a significant spike in price resulting over 10% weekly rising of BTC reaching over 63k, and raising the Marketcap to over 2.2T.
However , this situation also gave an uptrend to other altcoins, The memecoins also experienced a swift turnover in price... (Pepe). This frog themed memecoin experienced a significant increase of over 15.6% in 24hrs and about 37% on a weekly view allowing a market-leading gain with it's trading volume reaching approximately 2.3 billion and incurring profits for traders.
Currently, Pepe is trending around 0.0000124. This experience also touched other top memecoins including DOGE, SHIB, WIF etc.
In conclusion it's clear that this has given a green candle to crypto market as a whole.

It's just a coincidence and this assassination attempt has nothing to do with the market. BTC was dumped because Germany sold their BTC then MT Gox also announced they would be refunding the victims but they started a few days ago not before 13 July. This is just a point of view to give more attention to Trump which he is craving for right now so he could get more voters. People are so blind now that they are ignoring the statements that Trump made in the past, he even said he wanted all the bitcoins to be only in US not outside the US.

This clearly gives the hint that he have no respect for privacy, decentralization, data protection, and security, etc. He is just making statements without any real promises and people who support him are telling to other BTC supporters that he is good at this and that. The reality we all know is he is just a politician making strategies to get voters only. He will make things more worse in my opinion.

If there is a statement from Trump who wants all bitcoins to be in the US, not outside the US, it seems impossible because investors are everywhere. We should not believe the words of politicians, especially since they are businessmen, where all they want is the profit they can get. Although Trump's last statement was that he would support bitcoin, we have to look back at the past when bitcoin was rejected in many countries, bitcoin still exists today.

[0t3p0t]

As the members pointed out above, I do not believe that the market’s rise was due to the attempt to assassinate Trump. There are many factors that led to the rise, but most likely not including the attempt to assassinate Trump. The attempt to assassinate Trump was for political reasons and not because of Bitcoin.

In any case, a rise in memecoins, especially Pepe, is expected in this bullish market. These currencies are greatly affected by the movement of Bitcoin, so their movement is linked to the movements of Bitcoin, which truly leads the market. However, we are still below the required height.

Yeah and lucky to those who invested PEPE when it was in the floor price because it loterally made holders huge profit right now as we can see very nice movement of it especially a couple of months ago. My classmate actually has bought some and yeah she's having good profit right now.

[bitterguy28]

Yeah and lucky to those who invested PEPE when it was in the floor price because it loterally made holders huge profit right now as we can see very nice movement of it especially a couple of months ago. My classmate actually has bought some and yeah she's having good profit right now.

good for her

what i would advise anyone (feel free to still make your own decisions, not inflicting this advice too much on anyone) do not try to buy when a project is doing good because of fomo especially with memecoins because you never know if they are still going to rise after their current price where you would buy

accept when the time has gone and do not try to catch up to it anymore

[bayu7adi]

Please note, that the hype is different... when this topic was created last month, it is different from the current hype... even though pepe has increased by 5% in the last 24 hours,,, this looks a little contrast to Bitcoin, which only experienced 2% .... PEPE in the last 1 week has had a very sad price performance for its holders.... -5% since last week, while BTC is still constant and has been able to +1% in the last 7 days....

PEPE and Bitcoin are not completely related, so bitcoin price movements may only affect PEPE in some aspects.