The global cryptocurrency market has witnessed a significant correction, with the overall market capitalization plunging by 5.94% to $2.52 trillion over the last 24 hours. Major crypto assets, including Bitcoin, Ethereum, BNB, and Solana, have seen their prices dip substantially during this period.
Moreover, the meme coin segment has not been spared, with popular tokens like Dogecoin, Shiba Inu, and dogwifhat experiencing notable declines.
What you'll learn 👉
Bitcoin and Ethereum Lead the Downward Trend
- Bitcoin, the world’s largest cryptocurrency by market capitalization, is currently trading at $66,996.30, marking a 5.30% decrease in the last 24 hours. This dip is seen by many analysts as a pre-halving retrace which is a common occurrence before the Bitcoin halving event.
- Ethereum, the second-largest crypto asset, has also followed suit. ETH has experienced a more substantial drop of 6.55%, with its current price standing at $3,374.48.
BNB and Solana Follow Suit
BNB, the native token of the Binance exchange, has seen its price decline by 6.22% to $561.32 over the past day. Solana, a high-performance blockchain, has not been immune to the market correction. Despite a massive rally lately SOL has also witnessed a significant price dip with its price dropping by 8.62% to $184.79.
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Meme Coins Suffer Significant Losses
- Dogecoin, the original meme coin, has experienced a 12.50% dip, with its current price standing at $0.188477.
- Shiba Inu, another popular meme token, has seen a 11.30% decrease, trading at $0.000027
- dogwifhat, a meme coin that has been on the spotlight lately due to its notable prie surge, has not been spared, with its price declining by 13.58% to $3.88.
The crypto market has witnessed a notable correction, resulting in significant dips across major assets and meme coins. This downturn could potentially be attributed to a pre-halving retrace phase, a common occurrence before Bitcoin’s halving process. Given Bitcoin’s leading position in the crypto sphere, its price decline may exert influence over the prices of other cryptocurrencies. Consequently, investors are exercising caution amidst ongoing market volatility, closely monitoring developments and seeking potential entry points.
You may also be interested in:
- Can Kaspa (KAS) Avoid a Major “Blow Off Top” This Cycle?
- Expert Warns Dogecoin Investors Against Chasing ‘New Shiny Memecoins’, Sees ‘Massive Parabolic Bull Run’ for DOGE
- Elite Analyst Shares His Top 6 Coins to Watch in April Including JUP, SUI and These Cryptos
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.