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Bitcoin (BTC) has seen a sharp drop during the week, with selling pressure continuing to mount. The cryptocurrency is struggling to trade above $60,000 and is down by over 2% during the ongoing session.

Billy Markus known on the X social media platform (formerly popular as Twitter) as Shibetoshi Nakamoto, who is a co-founder of the iconic meme cryptocurrency Dogecoin, published a post that sums up his attitude to Bitcoin now as it plummeted well below the $60,000 level once again yesterday.

Today, BitMEX has launched a new product: the MEMEMEXTUSDT. This is a Basket Index perpetual swap contract.

BitMEX, one of the largest digital asset exchanges, has rolled out a meme coin basket index.

A popular cryptocurrency analyst has recently suggested that the leading meme-inspired cryptocurrency Dogecoin ($DOGE) could soon see a price breakout to the $0.653 mark, representing a rise of over 400% from its current level.

DOGE's price corrects to a key support after dipping by 1.25% in the last 24 hours.

After showing glimpses of promise at the start of July, Bitcoin's (BTC) price slumped back to the $60K mark with other cryptocurrencies nursing declines of their own.

Cryptocurrency markets are trading lower, as Bitcoin is clinging on to its $60,000 support. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $59,925.51 -3.3% Ethereum (CRYPTO: ETH) $3,275.86 -4.1% Solana (CRYPTO: SOL) $140.10 -7.9% Dogecoin (CRYPTO: DOGE) $0.1177 -5.1% Shiba Inu (CRYPTO: SHIB) $0.00001632 -4.7% Notable Statistics: IntoTheBlock data notes a drop in Bitcoin's metrics; large transactions volume is down by 6%, and daily active addresses declined by 14%.

Bitcoin price struggles to trade above $60,000, and the bullish setup displayed by altcoins is also beginning to crumble. Is the bull market coming to an end?

The cryptocurrency market is currently in a lull following a significant bull wave. Consequently, Dogecoin (DOGE) whales are dumping their DOGE and Shiba Inu (SHIB) holdings.

Dogecoin price resumed its downward trend on Wednesday as the mood in the crypto industry darkened. DOGE dropped more than 4% Wednesday morning, consistent with the performance of Bitcoin, Ethereum, and BNB Coin.

Dogecoin has dropped by 1% in the past 24 hours, with the DOGE price sliding to $0.1215 on a day when the cryptocurrency market as a whole has fallen by 2%.

Dogecoin has been the meme enthusiast's favorite since the beginning, as it was the first meme coin ever launched. Being a part of the crypto industry for a decade, Dogecoin has gained supporters, including the famous Elon Musk.

Crypto Market Selloff: The digital asset sector has noted a sharp decline today, with the overall market retreating nearly 3% today in the last 24 hours. Meanwhile, the recent slump in the major cryptos like Bitcoin, Ethereum, DOGE, BNB, LINK, and others, has sparked discussions in the market over the potential reasons.

The crypto market displays a downward stance as Bitcoin (BTC) hovers below the $61.5K mark. Nevertheless, declining Bitcoin dominance shows altcoins will lead the upcoming market rebound. Dogecoin (DOGE) attracts attention due to its potential 400% breakout, while Dogwifhat (WIF) targets $11 by November 2024.

Leading cryptocurrencies wobbled in ranges Tuesday as Federal Reserve Chair Jerome Powell's dovish comments failed to heighten investors' risk appetite. Cryptocurrency Gains +/- Price (Recorded 8:30 p.m.

Based on crypto analyst Javon Marks' recent analysis, a massive price breakout could be on the cards for Dogecoin (DOGE). The analyst suggested that this big move for the foremost meme coin could happen sooner than many would expect.

Cryptocurrency markets are trading lower despite bullish indicators like positive spot Bitcoin ETF flows, the surge in exchange netflows and a spike in whale transactions. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $61,800.59 -2.3% Ethereum (CRYPTO: ETH) $3,408.61 -1.8% Solana (CRYPTO: SOL) $152.30 +3.3% Dogecoin (CRYPTO: DOGE) $0.1243 -0.7% Shiba Inu (CRYPTO: SHIB) $0.00001714 -0.7% Notable Statistics: IntoTheBlock data notes a 5,254.5% surge in exchange net flows, an 84% increase in large transaction volume and a 33.7% expansion in daily active addresses.

The meme coin market is experiencing a resurgence, with trading volume jumping 9% recently. This renewed interest has investors eagerly sniffing out the next big gainer, leading many to projects on the rapidly growing Base blockchain.

Since the beginning of June, Dogecoin (DOGE) has experienced a significant downtrend, shedding more than 22% of its value. Despite this downward momentum, analysts believe DOGE could be on the brink of a major bullish reversal based on technical indicators.

Popular meme cryptocurrency Shiba Inu may soon show outperformance against its key sector rival, Dogecoin. This assessment comes as SHIB's Relative Strength Index (RSI), a measure used to evaluate whether an asset is overbought or oversold, has dropped to 30 on the daily chart against DOGE on Binance.

Toncoin has become the most hyped cryptocurrency of the year, with splendid gains since the beginning. The TON price was $2.3 at the start of the year and has now come to $8.03, which is just 2.58% away from the all-time high target of $8.24.

A key Dogecoin metric flashed a buy signal, indicating a price rise. Market sentiment around the memecoin also turned bullish.

Following the recent price pump, the market leader, Bitcoin price, has regained momentum and successfully surpassed the $63,000 market. After this, the memecoin category experienced increased price action, resulting in a bullish reversal.