Bitcoin crashes below $61K as Pepeto token soars ahead of Binance debut

The crypto market has seen sharp movements and bold predictions this week. Bitcoin dropped below $61,000, triggering massive liquidations, while a new token, Pepeto, surged on strong investor interest and an upcoming Binance listing. Bitcoin fell to $60,507, causing $530 million in liquidations across 119,678 traders in a single day. Currently, 10.83 million BTC sit at a loss, marking the largest underwater position in the network’s history. Yet, long-term holders remain firm, controlling a record 14.8 million BTC with no signs of selling.

Analysts forecast Bitcoin could reach a new all-time high by the end of 2026. A $1,000 investment at today’s price would double to roughly $2,000 if the prediction holds.

Pepeto has drawn attention after raising over $10 million at a price of $0.0000001879. Its staking rewards compound at 169% APY per block. A $10,000 investment in its ATH math prints generated a wallet worth a million dollars at listing. The token is now set for a confirmed Binance listing, reinforcing its appeal.

Institutional interest in crypto continues to rise. A 2026 EY-Parthenon survey shows 73% of institutional investors are actively involved in digital assets. The custody market for these assets is projected to grow from $1 trillion to over $7 trillion by 2035. The market remains volatile, with sharp drops and high-stakes predictions shaping investor behaviour. Institutional adoption is climbing, and new tokens like Pepeto are attracting significant capital. These trends suggest a rapidly evolving landscape for digital assets.