Crypto Market News: Bitcoin Flashes a Bull Signal Seen Only 5 Times, and Pepeto Buyers Refuse to Wait

Two stories in this week's crypto market news do not fit together. Bitcoin opened at $84,370 on September 24 and slid to $84,062 as rate hike fears grew. Yet on the same day, a rare bull signal flashed for only the fifth time in its history.

The four times before came in 2012, 2015, 2019, and 2023, and a big run followed each. The big coins are doing fine, but for anyone hunting the next big move, Pepeto (

) is where the attention is going. It is a presale token from the cofounder of the original Pepe.

What Is the Biggest Crypto Market News This Week?

On September 24, CryptoQuant analyst Darkfost said bitcoin flashed a bull market signal for only the fifth time ever, per CoinCentral. In plain words, newer buyers now pay more on average than the older holders who still trade. That flip means fresh money is willing to pay up.

The same week, about $16 billion in bitcoin options expired on Deribit on September 25, according to Yahoo Finance. That is a fast test. If the signal holds, the next question is which coins run hardest.

Which Coins Could Lead the Next Leg if This Bitcoin Bull Signal Holds?