Bitflyer, one of Japan's largest cryptocurrency exchanges, announced the listing of the popular meme coin PEPE. Trading for PEPE is now available on Bitflyer's platform, while deposits and withdrawals are not currently supported. This listing follows PEPE's debut on Binance Japan earlier in January. The move coincides with a broader cryptocurrency market recovery, driven by recent statements from Federal Reserve Chair Jerome Powell regarding crypto regulation and a pause in monetary easing.
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Starting today, Jan. 30, PEPE is now available for trading on Bitflyer’s Buy/Sell platform. However, PEPE deposits and withdrawals are not currently supported. Bitflyer stated that it will make an announcement when it begins to support these features.PEPE continues to expand its footprint on the Japanese crypto markets. Earlier in January, Binance Japan announced PEPE's listing on its platform. The move offers Pepe in spot trading, with the supported trading pair being PEPE/JPY.
Fed officials paused monetary easing on Wednesday, with Powell indicating in his briefing that the central bank may need to see more progress on inflation before considering future interest rate decreases. Following three straight days of declines, PEPE rebounded at lows of $0.00001136 in Wednesday's session, and the recovery continues as of press time. PEPE has steadily dropped since reaching a record high of $0.000028 on Dec. 9. A return above the daily moving averages of 50 and 200 could be the first sign of strength for PEPE bulls.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
BITFLYER PEPE MEMECOIN JAPAN CRYPTOCURRENCY MARKET
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