Tesla's Q2 financial report shows that its Bitcoin holdings have risen to $1.2 billion

The post Pepe Coin Faces Competition From Layer Brett As Worldwide Media Call This ‘The New Pepe’ appeared on BitcoinEthereumNews.com. Pepe Coin (PEPE) has long been one of the most recognizable meme tokens in the space, but as September trading kicks off, cracks are showing in its foundation. After closing August in the red, Pepe Coin now sits around $0.0000096, caught in a descending channel and weighed down by bearish sentiment. Analysts tracking the charts point out that support at $0.0000086 is critical — if it breaks, a new all-time low could be on the cards. Meanwhile, global crypto media and trading communities are buzzing about a different name: Layer Brett, the Ethereum Layer 2 scalability solution and meme token hybrid rapidly approaching a $3 million presale milestone, with tokens still priced at just $0.0055. With staking rewards currently sitting at an eye-watering 900% APY, ultra-low gas fees, and viral momentum across social channels, Layer Brett is being framed as “The New Pepe” — but with a stronger foundation and far greater upside. Pepe coin (PEPE) struggles in September Technical indicators for Pepe Coin remain stacked against the bulls. The MACD has crossed into bearish territory, while the Awesome Oscillator signals sustained weakness. Key resistance levels loom at $0.000011 and $0.000013, but with overall market confidence dwindling, it’s difficult to see a path higher without a major sentiment shift. This is the double-edged sword of older meme plays: they can pump on hype, but once the euphoria fades, it’s hard to sustain growth without genuine innovation. On forums like Reddit and Biz, many traders are already admitting that Pepe Coin feels “tapped out,” with any upside capped by profit-taking. Why Layer Brett (LBRETT) is gaining “New Pepe” status Unlike Pepe Coin, Layer Brett isn’t relying solely on nostalgia or community memes. It has been purpose-built on Ethereum’s Layer 2 rails, meaning it can scale efficiently, cut gas fees down to…

The Bitcoin price has managed to stay above $110,000 over the weekend, and on-chain data shows that the premier cryptocurrency sits above three crucial support levels. Here are the critical levels to watch out for over the next few weeks. Where Are The Next Support Levels For BTC? On Saturday, September 6, prominent crypto analyst Ali Martinez took to the social media platform X to offer on-chain insights into the current layout of the Bitcoin price. This price evaluation, which revolves around the BTC UTXO Realized Price Distribution (URPD) metric, shows the next support levels for Bitcoin. Related Reading: Bitcoin Treasury Purchases Down Amid Record Holdings – What Does This Mean? The capacity for a price level to act as an on-chain support or resistance zone usually depends on the number of investors who have their cost basis at the given level. An investor’s cost basis refers to the actual price at which they purchased a cryptocurrency (Bitcoin, in this case). The relevant indicator here—UTXO Realized Price Distribution—tracks the amount of a particular cryptocurrency that was acquired at a specific price level. Typically, price levels below the current spot value with substantial buying activity are often considered as major support zones. Meanwhile, levels above the current price with significant investor cost bases usually act as major resistance areas. As shown in the chart above, $108,250, $104,250, and $97,050 are the next crucial support levels for the Bitcoin price. Data from Glassnode shows that nearly 432,000 coins were bought in the $108,250 zone, while roughly 401,000 coins were purchased around the $104,250 region. Meanwhile, 404,000 BTC were acquired around the $97,054 area. The rationale behind this is that investors with a cost basis around these price levels are likely to double down on their positions and purchase more coins. This increased buying activity will, hence, provide a cushion for the Bitcoin price to stay afloat and potentially bounce back. It’s worth mentioning that the next major resistance level for the Bitcoin price based on the URPD metric is around $116,963. Several investors (550,000 coins) around this level are likely to close their positions when the price returns to its cost basis, thereby putting downward pressure on the BTC price. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $110,628, reflecting no significant movement in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by more than 1% in the past seven days. Related Reading: Strategy Expands Bitcoin Treasury: $450 Million Purchase Sends Total Holdings To New Highs Featured image from iStock, chart from TradingView

Right before trade talks between the U.S. and China kicked off in Sweden last July, a fake email shook things up in D.C. Staff working on the House committee dealing with U.S. competition with China started getting weird questions. The confusion started after law firms, lobby groups, and U.S. agencies got an email that looked […]