Bitcoin 
$78,815‘s price remains above $118,500, maintaining crucial support levels as the week draws to a close, bringing smiles to the faces of cryptocurrency enthusiasts. Ethereum (ETH) 
$2,374 has recently witnessed the largest single-day inflow into its ETF, indicating consistent institutional demand. As the interest in digital assets grows, many investors turn their attention to meme coins like PEPE Coin, sparking curiosity about its future valuation. Meanwhile, significant developments concerning major financial institutions have captured the market’s attention.
PEPE Coin’s Growth Prospects
PEPE Coin, one of the major meme coins, tends to see significant movement whenever there is an upswing in ETH’s price. This trend has been observed multiple times this year, garnering interest from investors who see more potential for upside compared to Ether. Analyst Waleed noted that the current upward movement is limited, suggesting more significant gains could be on the horizon.
An analyst has identified a cup-and-handle pattern, predicting a potential rise to $0.0000283 upon overcoming resistance. As ETH holds the vital $3,400 level as support, its next targets are $3,500 and $3,700. Crossing these levels could significantly bolster PEPE Coin’s rally. Historical data suggests that similar rallies have driven ETH to break above the $4,000 mark repeatedly, which could also exponentially increase PEPE Coin’s gains.
Key Developments at Sbarbank and BitMine
Russia’s largest bank, Sberbank, has long been interested in cryptocurrencies. In light of the sanctions imposed on Russia, oligarchs have found ways to circumvent restrictions through Dubai, contributing to past price surges. The ongoing conflict between Russia and Ukraine has heightened the importance of cryptocurrencies for the nation.
In recent news, Sberbank announced plans to introduce cryptocurrency custody services, signaling a significant milestone for Russia’s crypto market.
On another front, BitMine has made headlines by surpassing the $1 billion benchmark in ETH holdings, currently possessing 300,657 ETH. The robust inflow of over $700 million into ETFs in just one day underscores the growing institutional appetite not only for BTC but also for ETH.
