Bitcoin (BTC) is trading around $107,000 on Friday, just 4% below its all-time high, as the cryptocurrency continues to consolidate near key technical levels.

Ethereum (ETH) and Ripple (XRP) are also approaching significant resistance zones, and a breakout from these levels could trigger renewed buying interest across the broader market.

BTC fell to a daily low of $98,200 on Sunday amid heightened geopolitical tensions but managed to avoid a daily close below the psychologically important $100,000 mark.

The cryptocurrency rebounded sharply on Monday and extended its gains through midweek, closing above $107,000 on Wednesday and holding steady since.

At the time of writing, Bitcoin remains near $107,000. If the rally continues, a test of the May 22 all-time high of $111,980 appears likely.

A decisive close above that level could pave the way for further upside, with the next target potentially near $120,000.

As Bitcoin edges closer to new all-time highs, retail investors are increasingly turning to speculative tokens like Bitcoin Pepe, which is now in the final phase of its presale.

With momentum building across the crypto market, capital is rotating into early-stage projects as traders seek high-risk assets with the potential for outsized returns.

Bitcoin Pepe has emerged as a key beneficiary of this shift, drawing attention from investors looking to capitalize on asymmetric upside opportunities.

The proposed spot Dogecoin exchange-traded fund (ETF) appears to be making progress, with increasing engagement between issuers and US regulators raising optimism around potential approval.

Recent filings show that Bitwise Asset Management has submitted amended applications to the Securities and Exchange Commission (SEC) for its proposed spot Dogecoin and Aptos (APT) ETFs.

Bitwise, one of the earliest firms to seek approval for a Dogecoin ETF back in January, is now revising its application in response to ongoing discussions with the SEC.

The amendments come shortly after the SEC announced a delay in its review of Bitwise’s Dogecoin ETF, citing the need for additional time to evaluate whether the product complies with regulatory standards.

A notable update in the revised filings is the introduction of “in-kind” creation and redemption mechanisms—absent from the original application.

This feature allows ETF shares to be exchanged directly for the underlying asset, enhancing tax efficiency and potentially reducing market impact.

Bloomberg ETF analyst Eric Balchunas called the amendment a “huge update,” viewing it as a positive development that reflects broader momentum for spot crypto ETFs.

Bitwise has filed amended S-1s for their spot Dogecoin ETF and their spot Aptos ETFs. Good signs as it indicates SEC engagement, and tracks with other spot approvals.

He noted that the inclusion of in-kind functionality could set a new industry standard going forward.

The potential approval of a spot DOGE ETF would mark a significant step forward for the altcoin and meme coin segments, bringing increased visibility and institutional legitimacy to a category often dismissed as purely speculative.

Such recognition could help shift broader market perceptions, creating room for technically ambitious projects like Bitcoin Pepe to gain traction.

Positioned as an infrastructure-driven meme coin, Bitcoin Pepe seeks to “build Solana on Bitcoin” by combining the base-layer security of Bitcoin with the scalability associated with Solana.

This approach distinguishes it from typical meme tokens that rely solely on community hype.

To support its Layer 2 ambitions, the project has announced several strategic partnerships, including Super Meme, Catamoto, and Plena Finance.

Together, these initiatives are aimed at reinforcing the project’s technical foundation while introducing real-world utility for the token, key factors that set it apart in a crowded and often speculative market.

Bitcoin Pepe’s ongoing presale has raised over $15.9 million, with the BPEP token currently priced at $0.0437.

According to the project team, BPEP is set to be listed on BitMart and MEXC, with an additional listing announcement scheduled for June 30.

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