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Fear and uncertainty fill the Solana (SOL) meme coin scene! Tokens like Dogwifhat (WIF) and Bonk (BONK) are bleeding value, leaving many investors frustrated and anxious. Once the darling of internet culture, these coins have seen their prices plummet, sparking questions about their future.
The concerns over meme coin season have increased, as witnessed by the volatile trading with many top coins like DOGE, SHIB, WIF, and others, continuing their declines today. Meanwhile, the decline comes amid a gloomy sentiment noted in the broader crypto market, indicating a shifting market focus.
Here is how some of your favorite assets concluded the week.
Crypto prices today are showing bearish momentum as Bitcoin (BTC) dropped below the $97K level, marking a sharp decline from its $108K all-time high earlier this week. The BTC price hit a low of $92K, reflecting significant volatility.
Bitcoin (BTC) slumped below $100,000 after Federal Reserve Chairman Jerome Powell said the central bank is not allowed to own Bitcoin and is not looking for a law change.
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The memecoins have been quiet of late, as all eyes have been on Bitcoin ($BTC). Is it now time for the memes to bounce?
The past week has seen significant movement across altcoins, with Chainlink (LINK) surging nearly 20% to reach its highest price since November 2021, driven by strong buying pressure.
Here is how some of your favorite assets concluded the week.
The second week of December saw mixed performances for meme coins, with most experiencing double-digit declines. This development, as stated in this meme coins weekly recap, aligns with the broader market condition that has seen most cryptos lose hold of the bullish momentum they recently had.
The lawsuit could reshape crypto exchange practices, highlighting potential antitrust issues and influencing future digital asset listings. The post BiT Global sues Coinbase over unfairly delisting wBTC while allowing PEPE, WIF to trade appeared first on Crypto Briefing.
In a recent YouTube video, crypto analyst Crypto Banter revealed top altcoins that could soar up to 50x during this market rally. As excitement builds in the crypto space, these coins are drawing massive attention from investors eager for big gains.
Bitcoin (BTC) reported another plunge below $95,000 late on Tuesday, falling to a low of $94,435 before recovering and climbing back above $97,000. The cryptocurrency is up marginally over the past 24 hours, trading around the $97,500 mark.
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 $95,000 for the second time in recent days, causing widespread liquidations.
When some assets decide to run, they can make up months and years of losses in a few short weeks.
Many larger-cap alts have marked substantial losses, but meme coins lead the pack.
Memecoins underperform the wider crypto market after double-digit daily losses surpass the sell-off in BTC and ETH.
As Bitcoin ($BTC) continues its latest correctional phase, the memecoins are falling much faster. $DOGE, $PEPE, and $WIF are crowd favourites.
Data shows that whales have shown strong interest in memecoins, leading to a rise in their prices.
The PEPE accumulation came amid the asset's all-time high.
Meme coins performed well during the weekend as most investors bought them amid the ongoing greed sentiment. Pepe price was up by over 20%, while other popular ones like Floki, Dogwifhat, Bonk, and Popcat rose by double digits.
A widely followed cryptocurrency trader thinks that one large-cap memecoin is gearing up for another round of upside bursts. Pseudonymous analyst Bluntz tells his 303,200 followers on the social media platform X that he sees Dogecoin (DOGE) outperforming Bitcoin (DOGE/BTC) as the pair approaches the resolution of a triangle pattern.
The cryptocurrency market has shifted gears into full altcoin season, as evidenced by the CMC Altcoin Season Index hitting a near-record 85/100, signaling explosive interest in altcoins. With Bitcoin ($BTC) crossing the monumental $100,000 mark and Ethereum ($ETH) reclaiming $4,000, retail traders are diving headfirst into speculative assets like memecoins.
