🚨 BTC Breaks $81,000! PEPE Soars 11.22%, Are Meme Coins Set to Explode Again?

On October 29, the cryptocurrency market continued its rebound, with Bitcoin (BTC) breaking the $81,000 mark, while Ethereum (ETH), SOL, and DOGE also saw simultaneous increases. At the same time, the Meme coin PEPE surged 11.22% in a single day, becoming the champion of price increases among the top 100 cryptocurrencies by market capitalization; Venice Token (VVV) dropped 7.21%, becoming the weakest performer.

As BTC continues to rise, and Meme coins suddenly gain momentum, is market risk appetite improving? Whether this rebound can be sustained is worth further observation.

1. BTC Breaks $81,000, Can the Rebound Continue?

According to data from CoinMarketCap, as of 9:30 AM KST on October 29, BTC was priced at $81,080.86, up 0.48% in 24 hours.

BTC breaking the $81,000 mark continues the trend established after previously surpassing the $80,000 threshold. In terms of short-term performance, the price continues to push upward, helping to improve market sentiment. However, the current increase is still limited, and simply breaking a round number on the price scale is not enough to confirm that the market has entered a phase of sustained growth.

Three signals need to be closely monitored going forward.

First, can BTC hold steady around $81,000? If the price can maintain relative strength after breaking through and gradually form higher lows, the short-term rebound structure may further consolidate.

Second, can trading volume keep pace? If the price continues to rise while trading volume improves, the credibility of the rebound may be higher. Conversely, if price increases are not supported by trading volume, it’s necessary to be cautious of weakening momentum.

Third, can mainstream coins continue to follow suit? The simultaneous increase of ETH, SOL, and DOGE indicates that the market is not solely dependent on BTC's strength. However, XRP and some other assets are still declining, indicating that there isn't a fully unified direction in the overall market.

Therefore, BTC breaking the $81,000 mark is a noteworthy positive signal, but whether it can maintain this status is key to judging the strength of the market.

2. Divergence in Mainstream Coin Performance, SOL and DOGE Relatively Strong

From the performance of major cryptocurrencies on October 29, the market was overall strong, but there were still differences among various assets.

DOGE rose 1.16%, and SOL rose 0.97%, standing out among this group of mainstream assets. ETH increased 0.41%, also following BTC's rise.

However, XRP fell 0.32%, TRX dropped 0.62%, and WLFI and WLD also recorded declines.

This indicates that while the current market shows an overall rebound, not all assets are strengthening simultaneously. For traders, it's important to keep an eye not only on BTC's direction but also on whether the increase is gradually spreading to more mainstream coins.

If broader synchronized increases occur in the future, the rebound structure may become more robust; if only a few coins are rising while others continue to weaken, caution regarding the sustainability of the market is warranted.

3. PEPE Soars 11.22%, Meme Coins Back in Focus

One of the most noteworthy changes in this market cycle is the sudden strength of PEPE.

According to the data, Pepe (PEPE) rose 11.22% in 24 hours, becoming the cryptocurrency with the largest increase among the top 100 by market capitalization. In comparison to BTC's increase of 0.48%, PEPE's surge is significantly greater.

Meme coins often exhibit high price volatility, and their prices may be influenced by market sentiment, community interest, trading activity, and other factors. However, a single-day increase is not sufficient to determine the specific reasons for PEPE's rise, nor can it be concluded that the Meme coin sector has fully activated.

What’s worth observing next includes:

• Whether PEPE can maintain its strength after the rise, rather than quickly giving up its gains.

• Whether trading volume remains active, avoiding a loss of momentum after a rapid price surge.

• Whether other Meme coins start to increase as well, to judge if the market movement is due to the strength of a particular coin or an overall increase in sector activity.

If PEPE continues to outperform the broader market and more similar assets begin to strengthen, the market attention on the Meme coin sector may further enhance.

However, if the increase is concentrated solely on PEPE, it cannot simply be regarded as a sign of a comprehensive revival in the entire Meme sector.

For short-term traders, a spike often signifies that both opportunities and risks are increasing. After a rapid price spike, particular caution should be taken regarding the risk of a pullback.

4. VVV Drops 7.21%, Market Not Experiencing Broad Uptrend

In contrast to PEPE's strong performance, Venice Token (VVV) fell 7.21% in 24 hours, becoming the cryptocurrency with the largest decline among the top 100 by market capitalization.

Additionally, XRP, TRX, WLFI, and WLD all experienced varying degrees of decline, indicating a significant divide within the market.

Even in an overall market recovery, individual coins may still weaken due to their own trading structure, liquidity, or other factors. However, without more project news and funding data, one cannot simply determine the specific reasons behind a price drop based solely on that metric.

For traders, a broad market increase does not imply that all assets are worth pursuing, and individual coins' significant drops do not necessarily mean that prices will continue to decline.

Rather than making judgments solely based on price fluctuations, it may be more effective to combine price structure, trading volume, and risk-reward ratios to seek clearer trading opportunities.

5. QUAI Rises 2.43%, ALEO Slight Increase

Apart from mainstream coins and PEPE, some other cryptocurrencies have also seen increases.

Quai Network (QUAI) rose 2.43%, reaching a price of $0.007484; Aleo (ALEO) increased 0.64%, reaching a price of $0.03078.

Both recorded increases, but with varying intensities. QUAI's rise exceeded that of BTC, while ALEO's increase was relatively modest.

It’s worth noting that a single-day increase only reflects price changes within a specific timeframe and does not directly prove that a trend has formed. Whether the upward momentum can continue requires observation of trading volume, the extent of price retracement, and the overall market direction.

In the past 24 hours, CoinMarketCap has also newly included a cryptocurrency: DogWifJob (JOB).

The emergence of new tokens may bring new market attention, but additional inclusion does not guarantee that the quality, liquidity, or investment value of the project has been validated. For assets with insufficient information and trading data, maintaining caution is paramount.

6. Market Observations: Will BTC Continue to Rise or Enter High-Range Fluctuation?

Evaluating the market performance on October 29 reveals three noteworthy signals.

First, BTC rose 0.48%, breaking $81,000, continuing the rebound trend established after previously reaching the $80,000 mark.

Second, assets such as ETH, SOL, and DOGE rose simultaneously, with SOL and DOGE standing out, indicating some improvement in the short-term momentum of certain mainstream coins.

Lastly, with PEPE rising 11.22%, becoming the top performer among the top 100 coins, but VVV falling 7.21% indicates that there are still significant disparities of strength and weakness within the market.

Next, whether BTC can hold steady around $81,000 and whether mainstream coins can continue to rise will be important observation points to judge whether this rebound can continue.

If BTC continues to strengthen while the range of market increases gradually widens, risk appetite may further improve; if BTC's momentum weakens while altcoins continue to show notable divergence, the market may re-enter a consolidation phase.

These judgments are based on existing price data and are not definitive predictions about future trends.

Conclusion

On October 29, the cryptocurrency market continued its rebound, with BTC breaking $81,000 and ETH, SOL, and DOGE rising simultaneously. PEPE led the top 100 coins with an increase of 11.22%, becoming one of the biggest highlights of the day.

However, VVV fell 7.21%, and assets like XRP and TRX also experienced declines, indicating that the market has not formed a fully consistent upward structure.

Going forward, whether BTC can maintain the price level after breaking through and whether the strong performance of PEPE can spread to more Meme coins will be two directions worth continuing to monitor.

For traders, it is important to not only look at single-day increases but also pay attention to whether trends can be sustained, trading volumes align, and whether potential pullbacks are within manageable limits.

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