The recent frenzy surrounding Bitcoin ETFs has once again demonstrated the rapid shifts that can occur in the crypto market.

Following a period of market stability and a remarkable 30% growth in a single day, the crypto landscape underwent a complete turnaround following the recent Bitcoin ETF frenzy. The news of potential Bitcoin ETF approval injected some much-needed excitement into the crypto market after a relatively subdued 2021.

Subsequently, social media platforms have been inundated with crypto memes, fueling the momentum sparked by rumors surrounding BTC ETFs. These speculations have gained traction, with experts anticipating imminent SEC approval of a BTC ETF.

The mere rumors alone spurred a remarkable 25%+ growth in BTC, propelling its price to $35,000 after an 18-month period. As expected, this breakout injected optimism among bullish investors, further bolstered by XRP's recent legal victory against the SEC.

In tandem with these developments, meme coins like PEPE have embarked on bullish rallies. PEPE, featuring an anthropomorphic frog, surged by 77% over the weekend, reaching a market capitalization exceeding $1 billion in May 2023. However, the coin experienced a subsequent 60% drop in value.

The resurgence of meme activity in the crypto market has reignited interest in PEPE among traders. Vintage meme materials, from Bob Ross to Baby Yoda, are being leveraged to rally the crypto community.

Consequently, traders are closely monitoring Pepe price predictions to gauge the meme coin's performance. Established meme coins like Shiba Inu and Dogecoin have also witnessed significant value appreciation in the past week.

While meme coins have often been disregarded due to their perceived lack of intrinsic value, they remain closely intertwined with market sentiment. Traders recognize the potential for these coins to generate quick profits, as their value can swiftly fluctuate in response to market dynamics.