Bitcoin Surges 1.14% to $108,952 on Positive Market Sentiment

Bitcoin (BTC) experienced a slight increase above $107,000 on Tuesday, following a 1.14% gain on Monday. The cryptocurrency briefly reached a 24-hour high of $108,952 before retreating to $106,000. This upward movement was influenced by positive market sentiment, which improved after comments from French President Emmanuel Macron. Macron mentioned that US President Donald Trump had received an offer through intermediaries to secure a ceasefire and resume broader negotiations between the warring parties in the Iran-Israel conflict. This development was seen as a potentially positive step in resolving the ongoing conflict.

The broader market rebound has also benefited early-stage tokens such as Bitcoin Pepe, which has maintained steady investor interest since its presale launch in February. Over the weekend, the project recorded more than $250,000 in new inflows, highlighting sustained momentum as traders seek high-upside opportunities amidst improving market sentiment.

In related news, Truth Social, the social media platform operated by Trump Media & Technology Group, has filed to launch an exchange-traded fund (ETF) tracking the prices of both bitcoin and ether. According to a Form S-1 filed with the US Securities and Exchange Commission, the proposed “Truth Social Bitcoin and Ethereum ETF, B.T.” will allocate approximately 75% of its assets to bitcoin, with the remaining portion invested in ether. The ratio may be adjusted at the discretion of the sponsor, Yorkville America Digital LLC, with any changes to be disclosed via prospectus supplements, SEC filings, or updates on the fund’s website. Foris DAX Trust Co. LLC is listed as the custodian, as in the platform’s earlier filing for a single-asset bitcoin ETF submitted on June 5. Truth Social is the third issuer to seek approval for a dual-spot crypto ETF, following similar filings by Bitwise and Hashdex. Other firms, including Volatility Shares and ProShares, have filed for bitcoin-ether ETFs as well, but tied to futures markets rather than spot prices.

Bitcoin’s resilience amidst macroeconomic uncertainty has lifted broader crypto market sentiment, rekindling speculative appetite across digital assets. Historically, such periods have often preceded market-wide rallies, especially in high-volatility segments like meme coins. Investors are once again rotating into riskier bets, with meme tokens among the early beneficiaries. One project gaining momentum is Bitcoin Pepe, which merges viral internet culture with a Layer 2 infrastructure play. Bitcoin Pepe is attempting to “build Solana on Bitcoin,” seeking to pair Bitcoin’s base-layer security with Solana-style scalability, distinguishing it from meme tokens that rely purely on hype. Unlike most of its peers, Bitcoin Pepe is underpinned by a technical roadmap and infrastructure-first narrative. That positioning appears to be resonating: the project has raised more than $14.6 million in its ongoing presale, with a listing announcement due today. As capital continues to rotate into early-stage, high-upside opportunities, Bitcoin Pepe is positioning itself to capitalize on renewed risk-taking in the final days of its token sale.