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Bitcoin Slumbers as ETF Hopes Simmer; PEPE Leads Altcoin Gains

Bitcoin (BTC) and ether (ETH) traded flat on Monday after a relatively uneventful weekend for crypto majors in the absence of a strong catalyst that could help add buying pressure to a dim market. Bitcoin traded just over $29,300 while ether flirted around the $1,850 mark. Both assets have returned slightly over 1% for investors in the past week - making it one of the lowest volatility periods. The bitcoin lull meant most majors and mid-cap tokens, such as cardano's ADA, solana's SOL and lido (LDO) moved similarly little. The lack of market movement has possibly led traders to meme coins such as shiba inu (SHIB) and pepe (PEPE), data analytics firm Santiment said in a Saturday report.

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