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Bitcoin crashed nearly 10% below its all-time high of $104,088 to a low of $94,150 on Monday. The flash crash was short-lived, but it dragged down altcoins and meme coins like Dogecoin, Shiba Inu, Pepe, Dogwifhat and Bonk.
The cryptocurrency market saw another decline on Dec. 10, 2024, with Bitcoin dropping below $95,000 for the second time in recent days, causing widespread liquidations.
Many larger-cap alts have marked substantial losses, but meme coins lead the pack.
Meme coins took a hard hit as Bitcoin plunged on Monday and liquidations surged, with Dogecoin and others still showing red.
Retail investors are flocking to memecoins, with Reddit data revealing PEPE (CRYPTO: PEPE) as the current frontrunner in capturing retail mindshare, according to a recent analysis of cryptocurrency subreddit growth trends. What Happened: The analysis, shared in a detailed thread on X on Dec. 5, highlights the importance of understanding retail investor psychology in the current market cycle.
If there is no fresh uptick in speculative activity, BONK could be stuck in range-bound consolidation.
It was a sea of red in the crypto industry, with Bitcoin price falling to $98,000 and the total market cap of all coins falling by almost 4%. Still, cryptocurrencies have been the best-performing assets in the last decade, with most of them beating traditional assets like stocks and gold.
Bonk has experienced a surge of 100.07% over the past month. Is the memecoin positioned for further pump?
The cryptocurrency market has shifted gears into full altcoin season, as evidenced by the CMC Altcoin Season Index hitting a near-record 85/100, signaling explosive interest in altcoins. With Bitcoin ($BTC) crossing the monumental $100,000 mark and Ethereum ($ETH) reclaiming $4,000, retail traders are diving headfirst into speculative assets like memecoins.
Recent trading activity indicates that BONK is maintaining stability at the critical $0.00004002 support level. This stabilization comes after a period of downward pressure, raising speculations of a rebound on the horizon.
New meme coin Catslap ($SLAP) starts trading on MEXC centralized exchange on Friday December 6 at 1pm UTC, only two weeks after launching on DEXs. $SLAP, the Slap-to-Earn clicker game marvel giving Popcat a run for its money, was priced at $0.0071 when the listing was announced at 11am UTC today.
Historically, December has been a strong month for the crypto market, and December 2024 could follow that trend, particularly for altcoins. BeInCrypto has identified key altcoins to watch as the year comes to a close.
Popular crypto analyst Altcoin Sherpa is warning that Ethereum (ETH) may have a steep correction in its Bitcoin pair (ETH/BTC). The pseudonymous trader tells his 233,100 followers on the social media platform X that ETH/BTC could decline more than 35% from its current value. “ETH: I don't know if this bottoms until 0.
Dogecoin, Shiba Inu, and Bonk have formed bullish price patterns and are correcting from their respective resistance levels, creating potential buying opportunities.
Today, it seems that BONK's recent rut may be nearing its end as it finds itself well-positioned for its next leg up. The post Time to Load Up on Bonk? BONK Down 16% In 7 Days, Another Pump Coming? appeared first on Cryptonews.
BONK is facing mounting bearish pressure as technical indicators signal growing weakness in the market. After a brief attempt to stabilize, the token appears to be losing momentum dropping again toward the $0.00004002 for another test, with key metrics pointing to further downside.
The moving averages outlined and the Fibonacci levels would be the next support levels to watch.
The broader crypto market has slowed after massive surges in recent weeks saw Bitcoin (BTC) near $100,000. BTC's immense gains have stagnated, and its dominance has declined after reaching its peak recently.
BONK has skyrocketed by almost 100% in the last 30 days, putting the coin on the radar of crypto analysts everywhere.
Whales were net negative on Binance exchange after clearing their long BONK positions and taking profit.
Here is how some of your favorite assets concluded the week.
The Bitcoin price is consolidating just below the $100K milestone, which has shaken up the major altcoins. Meanwhile, the memecoin has remained stuck within a range as Dogecoin gains huge momentum.
In this weekly analysis of meme coins, BeInCrypto observed that these tokens experienced mixed results. While some tokens saw gains, others grappled with significant losses.
The GMMEME index, which tracks key memecoins such as PEPE, SHIB and DOGE, has surged over 90% in November.
