Bitcoin News: Galaxy Calls BTC Bottom After Binance Hack as Pepeto Presale Hits $11.2M

Bitcoin news this week read like horror. Bitcoin tumbled 5% to below $77,000 on October 30 as the Binance hack spooked the market. Yet Galaxy says the bottom is in, and that it came in June.

In four past recoveries after long stretches below the 50 week average, Bitcoin reclaimed its old record within 33 to 83 weeks. The headlines go to Bitcoin, but the biggest gains are usually made one step earlier, in a presale. Pepeto sits there now, with more than $11.2 million raised, an exchange already running, and a price that climbs at every new stage.

What Is the Biggest Bitcoin News This Week?

The biggest bitcoin news this week is a call that the bear market is already over. Galaxy Research says it ended in June, and research head Alex Thorn calls this an attractive time to buy and hold.

The proof is a line on the chart. Bitcoin closed above its 50 week average, now $76,540, for five weeks straight through October 18, after 44 weeks below it. Spot ETFs also added 87,000 BTC since the June low. At today’s price, that is about $6.7 billion, a bit more than the whole Binance hack.

Bitcoin News Points Higher: One Presale and the Price Levels to Know

Pepeto: Is This the Next Coin to Run 300x?

Most coins that launched this year are still fighting hard for attention. One presale was built to take on the giants instead. Pepeto has raised over $11.2 million so far, and its main product works today.

Its exchange, PepetoSwap, is live right now. It is rare to find a project doing real business while still in presale. Its cofounder is the builder behind the original Pepe, so this team has taken a frog coin from nothing to a household name once already.

Think about what trading costs today. A $1,000 swap costs $3 on Uniswap and $2.50 on PancakeSwap. Make 200 trades of $5,000 each, and the Uniswap bill reaches $3,000. On PepetoSwap those same 200 trades cost $0, because the swap fee is 0.00% and only network gas applies.

Limit orders and DCA come built in. A private relay also keeps bots from jumping ahead of a trade, and it is on by default. That is money that stays with the trader instead of feeding someone else. The exchange has been tested on $50 million of daily volume so far.

A cross chain bridge runs on the same platform, so tokens move between chains without leaving it. The presale price today is $0.0000001904. Each new stage lifts that price, so the same money buys fewer tokens at every step.

Stakers earn 160% APY in the meantime, claimable once the token lists. Next comes a Binance listing, now approaching. Analysts project a 300x move once trading opens. Of all the presales open today, Pepeto gives the clearest shot at a big multiple, and its price has not caught up yet.

Bitcoin Price Prediction: How High Can BTC Climb From $77,000?

One number decides the whole Galaxy call, and three outlets print the same one: $76,540. Bitcoin trades near $77,840 on CoinMarketCap, less than 1% above that line. A weekly close below it, with no recovery within a month, would weaken the case. So every weekly close near that line now counts for more than any single day.

The road up has clear stops. Bitcoin traded above $80,000 on October 26, about 4% higher. Next is $84,000, the level Bitcoin crossed in September after it regained the average, per Bitcoin.com. That is roughly 9% away.

The big one is $125,000. Thorn sees no reason Bitcoin cannot retake it, though he gives no date. That sits about 62% above today. It is a great trade on a $1.5 trillion coin, but it takes a big stack to turn 62% into life changing money.

Conclusion

The Binance hack shook plenty of sellers loose this week, yet Galaxy’s view did not change. Galaxy’s call is great bitcoin news, but a 62% gain only changes a life when the starting stack is already large. Pepeto fits the other kind of buyer. Its presale price is tiny, and analysts project 300x from it once it lists.

Bitcoin holders may wait many months for a 2x. At 300x, a $500 buy at this stage turns into $150,000. The current stage is listed on the Pepeto official website. The money already inside is not waiting for the Bitcoin crowd to notice.

Click To Visit Pepeto official Website To Enter The Presale

FAQs

What Will 1 Bitcoin Be Worth After This Bitcoin News?

After this bitcoin news, Galaxy’s Alex Thorn sees no reason Bitcoin cannot retake $125,000. That is about 62% above today, though he gives no date for it.

Can Bitcoin Still Turn You Into a Millionaire?

Pepeto is the likelier path, because Bitcoin needs a huge stack to reach millions. A small Pepeto buy aims at the 300x analysts project. See the Pepeto official website.