Bitcoin extended its recovery on Wednesday, climbing to $106,000 after briefly dipping below the $100,000 mark earlier on Sunday.
The rebound comes amid easing geopolitical tensions in the Middle East, rising expectations of Federal Reserve rate cuts, and continued regulatory momentum.
The broader cryptocurrency market also rallied, with total market capitalisation rising 1% over the past 24 hours to reach $3.28 trillion.
Trading volumes climbed 10% to $150 billion, indicating renewed buyer interest.
Risk sentiment improved sharply following President Donald Trump’s announcement of a total ceasefire between Israel and Iran, temporarily halting the 12-day conflict.
Markets are now focused on whether the ceasefire holds, with geopolitical stability likely to remain a key driver of near-term crypto price action.
Amid the rebound, institutional adoption remains a bright spot, with an increasing number of firms expanding their exposure to digital assets.
As participation deepens, top-tier cryptocurrencies are becoming less attractive to investors seeking high-risk, high-reward opportunities.
This has fueled renewed interest in early-stage tokens such as Bitcoin Pepe, which continue to attract risk-oriented capital.
With traders pivoting toward more speculative corners of the market, assets like Bitcoin Pepe are emerging as clear beneficiaries of the current momentum.
Norway firm eyeing BTC
Norwegian deep-sea mining company Green Minerals AS has announced plans to establish a Bitcoin treasury, aiming to raise $1.2 billion to acquire and hold Bitcoin as a long-term investment.
The initiative is part of a broader blockchain strategy aimed at diversifying the company’s investments away from fiat currencies and supporting its future project pipeline.
In a statement on Monday, executive chair Ståle Rodahl described Bitcoin (BTC), currently trading at $106,607, as an “attractive alternative to traditional fiat,” and said the company expects the move will help mitigate fiat-related risks.
“With significant future capital expenditures planned for the production equipment, the program offers a robust hedge against currency debasement,” Rodahl added.
Green Minerals said it intends to work with partners to finance the $1.2 billion program, which is aimed at building out its Bitcoin treasury.
The company expects to make its first Bitcoin purchase within the next few days.
At current prices, the planned allocation could allow Green Minerals to acquire approximately 11,255 BTC.
Bitcoin’s adoption may help Bitcoin Pepe
As Bitcoin mounts a strong rebound and approaches a potential new all-time high, growing institutional adoption continues to provide support for broader market sentiment.
At the same time, investors are rotating into high-beta segments of the crypto market, with meme coins once again attracting capital inflows.
Among the more prominent names is Bitcoin Pepe, which stands out by merging meme-driven appeal with a Layer 2 infrastructure narrative.
Unlike traditional meme tokens that rely solely on viral traction, Bitcoin Pepe positions itself as the first meme-centric Layer 2 built on the Bitcoin network.
The project aims to deliver scalability and speed on par with chains like Solana, while anchored to Bitcoin’s base-layer security.
Its ongoing presale has raised over $15.5 million, with the BPEP token priced at $0.0416.
A price increase is expected once the presale crosses the $15.54 million funding threshold.
As per the team, the token is going to be listed on BitMart and MEXC.
An additional listing announcement is scheduled for June 30, further contributing to investor interest as the presale approaches completion.
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