Pepe’s Price Crash Raises Questions as Market Braces for September
- PEPE faces heavy losses, dropping over 21% in the past month, though it’s still up about 10% since August 2024.
- Bitcoin’s dip below $110K is dragging the wider market, and September’s historically bearish trend adds more uncertainty for memecoins.
- A potential Fed rate cut could provide relief, possibly offsetting seasonal weakness, but PEPE’s recovery ultimately depends on BTC stabilizing.
Pepe (PEPE) hasn’t had the smoothest ride lately. The frog-themed memecoin just added another zero after the decimal point, a reminder of how sharp this pullback has been. According to CoinGecko, PEPE has slipped 3.7% on the daily charts, 5.2% over the week, 11.3% in the past two weeks, and more than 21% over the last month. Still, if you zoom out, the coin is up roughly 10.7% since August 2024—so not all is lost, at least not yet.
Bitcoin weakness drags down memecoins like PEPE
The drop comes right as the broader crypto market is correcting. Bitcoin (BTC) fell under $110,000 and looks like it could dip further toward $108,000, where a lot of liquidity sits. That weakness trickles down, and for memecoins like PEPE, it stings harder. If Bitcoin steadies, PEPE might also find some footing, maybe even consolidate. But with September looming—a month that has historically been brutal for crypto—the timing couldn’t be more uneasy. Add global trade tensions into the mix, and you’ve got a recipe for more uncertainty.
September seasonality and global tensions add pressure
Memecoins are already risky by nature, their lifeblood tied to online hype. Right now, there’s another variable in play: interest rates. The Federal Reserve could announce a 25 basis point cut next month, which often boosts appetite for riskier assets like memecoins. If that cut happens, September’s usual bearish streak could be offset. On the flip side, the two forces—seasonal weakness and easier money—might just cancel each other out, leaving the market flat.
Can PEPE recover or will the slide continue?
So, can Pepe recover? Possibly, but it’s sitting on shaky ground. Traders know memecoins can flip fast—both directions. If Bitcoin halts its slide and the Fed eases policy, PEPE could see relief. If not, the downward pressure lingers. may linger. For now, it’s a waiting game… and September’s going to test just how strong this community really is.
The post Pepe’s Price Crash Raises Questions as Market Braces for September first appeared on BlockNews.
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Pepe’s Price Crash Raises Questions as Market Braces for September
- PEPE faces heavy losses, dropping over 21% in the past month, though it’s still up about 10% since August 2024.
- Bitcoin’s dip below $110K is dragging the wider market, and September’s historically bearish trend adds more uncertainty for memecoins.
- A potential Fed rate cut could provide relief, possibly offsetting seasonal weakness, but PEPE’s recovery ultimately depends on BTC stabilizing.
Pepe (PEPE) hasn’t had the smoothest ride lately. The frog-themed memecoin just added another zero after the decimal point, a reminder of how sharp this pullback has been. According to CoinGecko, PEPE has slipped 3.7% on the daily charts, 5.2% over the week, 11.3% in the past two weeks, and more than 21% over the last month. Still, if you zoom out, the coin is up roughly 10.7% since August 2024—so not all is lost, at least not yet.
Bitcoin weakness drags down memecoins like PEPE
The drop comes right as the broader crypto market is correcting. Bitcoin (BTC) fell under $110,000 and looks like it could dip further toward $108,000, where a lot of liquidity sits. That weakness trickles down, and for memecoins like PEPE, it stings harder. If Bitcoin steadies, PEPE might also find some footing, maybe even consolidate. But with September looming—a month that has historically been brutal for crypto—the timing couldn’t be more uneasy. Add global trade tensions into the mix, and you’ve got a recipe for more uncertainty.
September seasonality and global tensions add pressure
Memecoins are already risky by nature, their lifeblood tied to online hype. Right now, there’s another variable in play: interest rates. The Federal Reserve could announce a 25 basis point cut next month, which often boosts appetite for riskier assets like memecoins. If that cut happens, September’s usual bearish streak could be offset. On the flip side, the two forces—seasonal weakness and easier money—might just cancel each other out, leaving the market flat.
Can PEPE recover or will the slide continue?
So, can Pepe recover? Possibly, but it’s sitting on shaky ground. Traders know memecoins can flip fast—both directions. If Bitcoin halts its slide and the Fed eases policy, PEPE could see relief. If not, the downward pressure lingers. may linger. For now, it’s a waiting game… and September’s going to test just how strong this community really is.
The post Pepe’s Price Crash Raises Questions as Market Braces for September first appeared on BlockNews.
Read More