Bitcoin climbed past $88,000 during the Asian session on Tuesday. Bitcoin’s strong recovery is gradually restoring risk appetite across the crypto market. The Bitcoin Pepe presale continues to accelerate, with investor appetite showing no signs of slowing.

Bitcoin climbed past $88,000 during the Asian session on Tuesday, reaching an intraday high of $88,821.

The climb comes as the US dollar weakened against major currencies, following US President Donald Trump’s latest remarks targeting Federal Reserve Chair Jerome Powell for holding off on rate cuts.

Bitcoin has recovered 12% in the two weeks leading up to April 22, even as trade tensions between major global economies continued to escalate.

Bitcoin’s strong recovery is gradually restoring risk appetite across the crypto market, prompting speculative capital to flow into emerging projects like Bitcoin Pepe.

As the rebound unfolds, investors are increasingly drawn to Bitcoin-adjacent initiatives that combine familiarity with differentiated narratives or utility, positioning them to benefit from renewed market interest.

Bitcoin is increasingly decoupling from US equities and behaving more like a safe-haven asset, with its recent price action mirroring that of precious metals.

The cryptocurrency climbed 12% in the two weeks leading up to April 22, despite escalating US-China trade tensions and sharp tariff hikes on both sides.

Bitget Research attributes the move to a weakening dollar and Bitcoin’s strengthening correlation with gold, reinforcing its inflation hedge appeal.

Supporting this, Glassnode data shows the number of wallets holding over 1,000 BTC has hit a four-month high, levels last seen during the late-2024 rally following Donald Trump’s election victory.

Adding to the bullish sentiment, BitMEX co-founder Arthur Hayes suggested this may be the final stretch to accumulate Bitcoin under $100,000, citing US Treasury bond buybacks and rising market liquidity as likely catalysts for the next major breakout.

Monday also saw US spot Bitcoin ETFs register $381.4 million in net inflows, the highest single-day total since January 30.

A Bitcoin rally typically lifts overall market sentiment, drawing sidelined capital back into crypto and boosting altcoins, especially meme tokens.

Bitcoin Pepe is positioned to benefit from this dynamic.

As the first meme-focused Layer 2 built on Bitcoin, it combines the network’s security with Solana-like scalability.

Its positioning at the intersection of Bitcoin infrastructure and meme speculation makes it well-placed to capture speculative inflows as Bitcoin’s strength revives risk appetite across the market.

The Bitcoin Pepe presale continues to accelerate, with investor appetite showing no signs of slowing.

The project, which introduces the PEP-20 token standard for deploying meme coins directly on the Bitcoin network, has now raised over $6.8 million since its launch.

Structured across 30 progressive stages, the presale features a roughly 5% price increase per round.

BPEP has already advanced from its opening price of $0.021 to $0.031 in stage 9 — a return of more than 40% for early participants.

The offering is poised to enter its tenth stage once total funding crosses the $7.78 million mark.

Momentum has built steadily, with each successive stage closing faster than the last, driven by rising speculative demand.

If the presale continues on its current trajectory, BPEP is scheduled to reach $0.0864 by its final stage, offering the prospect of triple-digit returns for the earliest investors.

The post Should you invest in Bitcoin Pepe as BTC climbs above $88K? appeared first on CoinJournal.

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