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Many larger-cap alts have marked substantial losses, but meme coins lead the pack.

Since Bitcoin became the first cryptocurrency in 2009, there are now thousands of cryptocurrencies. These new coins (which run on their own native blockchains) are called altcoins or alternative coins.

Meme coins took a hard hit as Bitcoin plunged on Monday and liquidations surged, with Dogecoin and others still showing red.

In a latest X post, Elon Musk has yet again caught the attention of the market participants regarding the newly established Department of Government Efficiency, which aims to cut federal government spending while making government departments more efficient at lower costs. Notably, it has gained significant attention post-Trump's win.

Litecoin's daily usage metrics have surpassed several other prominent networks.

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"I'm thankful for the dip and will buy more between $0.40-$0.30," one popular analyst said.

Dogecoin price has pulled back this week, remaining in a consolidation phase where it has been for almost a month. Its two-day retreat happened as Bitcoin and other altcoins suffered a harsh reversal.

Memecoins underperform the wider crypto market after double-digit daily losses surpass the sell-off in BTC and ETH.

The rise of Dogecoin and Shiba Inu in 2021 has raised numerous ‘what ifs' for many traders. These top meme coins to buy, attracted thousands of individuals and transformed their initial supporters into dollar millionaires.

The crypto markets endured a difficult start to the week as Bitcoin (BTC) briefly retreated to $94,000. The markets witnessed an absolute bloodbath, with $1.5 billion in crypto derivatives positions liquidated thanks to BTC's drop.

A top trader known for making timely altcoin predictions says one Dogecoin (DOGE) challenger is primed for a parabolic surge. Pseudonymous analyst Bluntz tells his 304,300 followers on the social media platform X that the time for vertical Shiba Inu (SHIB) rallies is coming.

As the markets collapsed with over $1.5 billion in liquidations, the Bitcoin price trembled down below $95,000. In no time the memecoins faced a huge sell-off and plunged, driving the market cap from $137 billion to $116 billion.

Technical indicators and increased whale activity suggest potential Dogecoin price movement as the cryptocurrency sees growing network usage and accumulation by large holders.

Bitcoin has experienced a significant drop, falling below $97,000 after briefly exceeding $100,000 earlier this week.

Market analysts and traders warned of short-term selling pressure amid an overheated market after a November rally

Popular cryptocurrency trader and analyst Ali Martinez took Dogecoin's (CRYPTO: DOGE) fall in stride, saying on Monday that he would use it to buy more of the leading meme coin. What happened: Martinez, known for spotting chart patterns and projecting the next moves of leading cryptocurrencies, said he was "thankful" for the dip as it was still very early in the DOGE bull cycle.

The crypto market is experiencing a dip, but for many experts, this is seen as a healthy correction in the ongoing bull cycle. Despite the decline in prices, the sentiment remains bullish, with many expecting further growth in the long term.

Dogecoin started a sharp downside correction below the $0.400 support against the US Dollar. DOGE is trading near the $0.3750 support and might bounce back.

On-chain data shows a Dogecoin whale has made a large deposit to the Binance exchange, which could be bearish for DOGE's price. Dogecoin Whale Has Moved Big To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, a massive move has been spotted on the Dogecoin blockchain during the past day.

Cryptocurrency markets are trading lower despite U.S. Bitcoin ETF inflows nearing $10 billion. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,080.94 -2.8% Ethereum (CRYPTO: ETH) $3,798.59 -4.7% Solana (CRYPTO: SOL) $222.86 -5.6% Dogecoin (CRYPTO: DOGE) $0.4355 -6.3% Shiba Inu (CRYPTO: SHIB) $0.00002971 -7.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 2.4% and daily active addresses increasing by 8.7%.

Bitcoin briefly rose back above $100K on Monday morning, but has since fallen, dragging many other major assets along with it.

Dogecoin ($DOGE) has been demonstrating strong upward momentum in recent weeks, with technical indicators showing that it is poised to reach new price levels. Currently, the crypto has exited the oversold zone and is approaching the overbought territory.

Bitcoin's failure to hold $100,000 could attract profit booking from traders. Which altcoins will follow BTC's downtrend?