Memecoins Undergo Sharp Losses as Bitcoin’s Value Dips Beneath $70,000

• Mog Coin (MOG) crashed a whopping 9.96% previously 24 hours.
• NEIRO and BRETT additionally dropped 10.8% and seven.55%, respectively.
• POPCAT and DOGE are up 56.69% and 46.46% previously 30 days.

Memecoins skilled a major crash after Bitcoin (BTC) fell under $70,000, signaling a bearish development for your complete trade. Your entire memecoins valued at $63.5 billion, misplaced 5.9% of its worth previously 24 hours, with a buying and selling quantity of $8.69 billion.

Nearly each memecoin stayed within the purple, with the most important losers being Mog Coin (MOG), Popcat (POPCAT), Brett (BRETT), and Neiro (NEIRO). Bonk (BONK), dogwifhat (WIF), Dogecoin (DOGE), and Shiba Inu (SHIB) additionally declined previously 24 hours.

In keeping with the info from CoinMarketCap, MOG fell 9.96% previously day and is buying and selling at $0.051927, down 20.88% from its all-time excessive of $0.052445. Nonetheless, the cryptocurrency has jumped 28.77% previously 30 days and is up 2775.73% since October 2023.

BRETT is buying and selling at $0.08884, down 7.55% previously 24 hours. The altcoin is down 53.95% from its all-time excessive of $0.1939, reached in June of this yr. Prior to now month, BRETT has risen just one.81%, however the memecoin has surged 129.67% since October 2023.

POPCAT and NEIRO additionally skilled losses. POPCAT dropped 8.53% previously 24 hours and is buying and selling at $1.52. POPCAT is up 56.69% previously 30 days and has climbed 9290.67% since October of final yr. NEIRO fell 10.8% to $0.001498 and is down 22.7% previously 14 days however is up 49.2% within the final 30 days.

Dogecoin and Shiba Inu Additionally Decline

DOGE and SHIB, the main memecoins, fell 7.48% and 6.55%, respectively, and are buying and selling at $0.1584 and $0.00001743. DOGE has gained 13.2% previously week and is up 46.75% within the final 30 days.

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WIF and BONK dropped 10.42% and 5.81%, respectively, and are buying and selling at $2.31 and $0.00001983. BONK has fallen 19.59% previously 30 days however is up 2380.46% previously yr, whereas WIF has soared 1273.85% since October of final yr.