Pepe (PEPE) and dogwifhat (WIF) are among the top gainers

Pepe (PEPE) and dogwifhat (WIF) are among the top gainers in the crypto market today as Bitcoin rides bullish sentiment to near $100k.

Pepe (PEPE) and dogwifhat (WIF) were among the top gainers in the crypto market on Monday as Bitcoin rolled towards $100,000.

Meme coins pepe and dogwifhat price analysis:

Meme coins pepe and dogwifhat price analysis showed double-digit gains as the cryptocurrency market reacted to President Donald Trump’s announcement of a massive trade deal between the United States and the United Kingdom.

The meme coins, ranked 28th and 98th by market cap on CoinMarketCap, posted double-digit gains as bitcoin rose 3%, hitting a two-month high alongside a broader rally in risk assets.

PEPE traded at around $0.000009217, up by 12.59% at the time of writing.

This whale just bought 500B $PEPE($4.36M) again and currently holds 2T $PEPE($17.42M).https://t.co/lj4QaP0DUW

— Lookonchain (@lookonchain) May 8, 2025

The reported gains happened alongside a spike in trading volume, pepe recording a 46% surge in daily volume to $766 million, while dogwifhat saw an increase of 44% to about $242 million.

Crypto traders keep an eye on markets as US stocks set to open.

The world’s largest cryptocurrency rose 2.74% over the past 24 hours to reach $99,133 by 07:35 ET (11:35 GMT). It had fallen as low as $94,000 on Sunday.

Bitcoin is now up 90% since the beginning of the year, putting it on track for its best year since 2021.

Its gains come as investors reacted to President Donald Trump’s announcement of a massive trade deal between the United States and the United Kingdom.

The news, which broke during the weekend, led to a sharp risk-on sentiment across markets, with equities also signaling a rally as futures rose.

Cryptocurrencies also joined the upbeat mood, with ether and solana also notching gains.

Among the top performers in the cryptocurrency market, EOS and Pudgy Penguins were spotted.

As many more trade deals are expected to be lined up, analysts say an easing of tariff tensions could spark fresh market optimism.

“President Trump teased a major trade deal this morning, with speculation pointing to the UK. Despite a few details, the headline alone sparked a sharp risk-on reaction across global markets,” QCP Capital analysts said in a morning note.

“Crypto jumped on the news. $BTC rose 2.74% to reclaim $99K, while $ETH surged 6.89%, breaking out of a three-week range. Options flow showed strong demand for May and June calls, signalling renewed bullish sentiment,” they added.

While analysts advise caution as the U.S. markets open, they also warned that a close of the Bitcoin futures contract above $100,000 could add to the upside.

In this scenario, we could also see meme coins like pepe and dogwifhat continue to soar as capital rotates towards anticipated gainers.

The surge in volume and open interest (+13% to $454 million for pepe, and +16% to $244 million for dogwifhat) suggests interest in the tokens is strong.

If this sentiment holds as BTC rallies, we could see more buying pressure and pepe and dogwifhat price action move to key levels.

WIF price could return to above $1 if bulls edge higher.

The recent price action in pepe.

The crypto market is heating up as we approach the second half of 2025. After a stellar performance in the first half of the year, the world’s leading cryptocurrency, bitcoin, is showing no signs of slowing down.

As the meme coin hype continues to build, we could see pepe hit a new all-time low and move towards the next resistance level at $0.000015.

If the buyers manage to break this barrier, the next logical target will be the crucial psychological level of $0.000020, where we might encounter substantial selling pressure.

However, if the bulls succeed in breaking through this resistance zone, the door will open for even higher price ranges for pepe.