Crypto Markets Surge as Major Trading Deals Propel Bitcoin, Ethereum, and PEPE Coin

Wall Street''s latest love affair with crypto just got hotter—blockchain''s big three are riding a fresh wave of institutional demand.

Bitcoin smashes through resistance levels as OTC desks report record buy orders. Ethereum''s merge upgrade finally pays off with 30% quarterly gains. And yes, even PEPE Coin—the meme token that baffles bankers—is mooning on retail FOMO.

Traders are calling it ''the trifecta play'': hedge funds stacking BTC as inflation hedge, devs bridging ETH to layer-2s, and degens YOLO-ing into frog-themed altcoins. Meanwhile, traditional finance still can''t decide if this is a ''speculative bubble'' or the future of money (spoiler: it''s both).

Pro tip: When Goldman Sachs starts offering PEPE futures, it''s time to check your exit strategy.

Crypto Market Updates on June 10

The expected scenario played out, and with impending trade agreements, Optimism within the crypto markets is anticipated to strengthen. Trump’s approach was well-known to trade partners, leading to a controlled response from the EU and China. Avoiding a complete fallout with the U.S. is financially prudent, thereby favoring a reconciliation approach. Conversations will soon pivot to signed agreements as we approach July 9.

Investors remain cautious as discussions with China continue without significant progress. European markets remain stable, with China needing to alleviate tensions through positive steps in technology and rare earth elements. Despite shrinks observed in the Hang Seng China Enterprises Index due to a lack of clear signals, Trump’s reassuring statement about positive relations with China promises market support in the next 24 hours.

Assessment of Bitcoin, Ethereum, and PEPE Coin

Bitcoin hovers above $109,500, recovering losses instigated by the China standoff. The tension between Trump and Musk has also eased, encouraging progress. Sustaining closings above $107,185 for bitcoin (BTC)$109,293 is promising for further ascents. Although surpassing the $110,600 resistance isn’t realized yet, clearer U.S.-China reconciliation indications could lead to a potential target of $112,000.

Ethereum$2,742 stands at a pivotal moment, crucial for altcoins. The support at $2,747, highlighted during previous surges, is maintained. Soon, closings above $2,852 need initiation, allowing liquidity to enhance altcoins. Returning to the $3,070-$3,462 range requires reclaiming $2,852 for ETH.

PEPE Coin’s 30% rise does not surprise, given its amplified response to ETH’s rise. Its earlier discussed significance is showing effects. Should the altcoin king remain robust, scenarios aim to solidify $0.00001442 as a support, targeting the $0.0000170-$0.0000219 range.

COINTURK continues to report last-minute updates on the China-U.S. talks, pivotal to the crypto and broader market landscape.