PEPE climbs 7% as Bitcoin falls below $76,000, resistance at $0.0000052 in focus

PEPE rose 7.02%, trading close to $0.00000508 during the latest rebound, even as Bitcoin experienced significant selling. As of November 6, PEPE held near $0.0000050 to $0.0000051, with follow-up market data indicating only modest further gains. The divergence between the meme coin and the world’s largest cryptocurrency is drawing attention during a period of ongoing volatility. PEPE’s momentum picked up during Wednesday’s wider cryptocurrency rally, when Bitcoin temporarily recovered to touch $80,000 and riskier tokens saw renewed buying. However, the optimism was cut short after US technology stocks declined, prompting a broader risk-off move among investors. US spot Bitcoin exchange-traded funds saw $430.2 million in net outflows on November 5, according to Farside Investors.

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