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Bitcoin climbed above $109,000 early Monday, supported by gains across major cryptocurrencies and a calming of near-term market fears following the Trump administration’s decision to delay the upcoming tariff deadline.
BTC, along with Ethereum (ETH) and Ripple (XRP), is showing renewed strength as the crypto market starts the week on a positive note.
The rebound followed a successful retest on Friday of Bitcoin’s prior breakout level at $108,355, with the price edging higher over the weekend.
At the time of writing, Bitcoin is trading near $109,000. If the current momentum holds, the rally could extend toward the May 22 all-time high of $111,980.
Continued strength is also observed in early stage project, Bitcoin Pepe.
The project’s presale has raised over $16 million.
Elon Musk’s ‘America Party’ to support Bitcoin
Elon Musk confirmed on Sunday that his newly launched political platform, the America Party, will support bitcoin.
“Fiat is hopeless, so yes,” Musk said in a post on X, responding to a user who asked whether the party would back the cryptocurrency.
Fiat is hopeless, so yes
The announcement follows Musk’s official unveiling of the America Party on Saturday, after a poll on X gauged public interest in breaking away from the traditional two-party system.
In his post, Musk said, “When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom.”
The launch of the America Party comes amid Musk’s escalating public fallout with former ally President Donald Trump.
The dispute centres on the recently signed $3.4 trillion “Big, Beautiful Bill,” a sweeping spending package Musk has condemned for ballooning the US deficit.
Bitcoin Pepe continues climb
Improving regulatory clarity, expanding adoption, and growing political support in the US are expected to bring greater transparency to altcoins and meme coins, potentially reshaping investor sentiment across the digital asset ecosystem.
As oversight strengthens, the market appears to be shifting from pure speculation toward utility-driven narratives—opening the door for technically ambitious projects that blend cultural relevance with real-world use cases.
Among them is Bitcoin Pepe, positioned as the first meme-centric Layer 2 built on the Bitcoin network.
The project seeks to combine Bitcoin’s base-layer security with Solana-like scalability, offering a more durable proposition than traditional meme tokens dependent solely on hype.
Since its February launch, the Bitcoin Pepe presale has steadily attracted capital from high-risk, high-reward investors, raising over $16.2 million to date.
The BPEP token is currently priced at $0.0437, with an increase expected once contributions exceed $17.07 million.
BPEP is set to be listed on BitMart and MEXC, with a final listing announcement scheduled for July 31—milestones that continue to drive investor attention as the presale enters its final phase.
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