Circle Delays IPO Amid Market Chaos Bitcoin Pepe Gains 100% Interest Despite Market Turbulence PEPE Stalls at 0.00000740 USDT Resistance XRP Bullish at 2.14 USDT Resistance
2min read Circle, the issuer of the USDC stablecoin, has decided to delay its plans for a public offering due to the intensifying market conditions. The widespread implementation of import tariffs by the administration has led to severe financial market chaos, prompting Circle to reassess its initial public offering (IPO) plans. This decision comes as other fintech companies, such as Klarna and StubHub, have also postponed their IPO applications due to market instability, creating significant barriers for organizations attempting public offerings and fostering sector-wide caution.
Despite the market turbulence, the investment community is witnessing a surge in interest for Bitcoin Pepe and other similar projects. Bitcoin Pepe, in particular, has garnered substantial market attention since the commencement of its presale operations on the Bitcoin blockchain. Experts predict that the upcoming public release of Bitcoin Pepe will experience significant growth, with the cryptocurrency currently trading at $0.0295. Bitcoin Pepe aims to combine the popularity of meme coins with the reliability of the Bitcoin blockchain, offering faster and more cost-effective transactions through a Layer 2 protocol. The cryptocurrency sector continues to evolve, with new projects attracting investors who are less concerned with broader economic conditions.
The PEPE exchange rate is currently at 0.00000723 USDT, having stabilized after breaking through the previous support level of 0.00000670. An upward trendline has temporarily restored a bullish outlook, and the MACD golden cross indicates upward momentum. However, the price encountered resistance near the 0.00000740 level, leading to stagnant movement in the market. The current RSI reading of 48.38 suggests neutral market conditions, with no signs of the price reaching overbought or oversold territories. PEPE faces a potential downward pullback towards support levels, as the MACD death cross indicates weakening momentum. Bulls breaking above 0.00000730 could reverse this trend, but trade positions should be delayed until a clear price breakthrough or breakdown is observed.
Active user engagement is crucial for the XRP Ledger (XRPL) and its validator VET to accelerate the adoption of RLUSD, the upcoming stablecoin on the XRPL network. The network's growth relies on dynamic interaction between users, developers, and institutions, rather than passive observation. The EVM sidechain serves as a temporary solution while native smart contracts await implementation, but it remains subordinate to the complete integration of XRPL. The price of XRP shows bullish signals as it approaches the 2.14–2.15 USDT resistance point. The RSI currently indicates positive indicators at 60.36, with a recent MACD golden cross and rising green histograms suggesting a probable price breakout. If XRP breaks the resistance level at 2.15, the price could move towards 2.17–2.18 USDT. However, if holders fail to maintain the current position, the market could retrace back to support between 2.10 USDT and 2.11 USDT. Analysts need to observe rising positive trading volumes and resistance-breaking strength to validate additional price growth.
