Meme Coins Suffer as BTC Slips Toward $64k

The altcoins are in an even worse shape than BTC, at least the majority of them. ETH is down by more than 3% and sits below the psychological support of $3,500. BNB has declined by a similar percentage to $583.

More losses come from SOL, SHIB, DOT, LINK, XRP, DOGE, ADA, and others from the larger-cap cohort.

However, some of the biggest losers on a daily scale are from the meme coin realm. WIF dumped to a multi-month low today, followed by JASMY, BONK, BRETT, PEPE, and FLOKI – all of them are down by more than 8% in a day.

The cumulative market cap of all crypto assets has seen about $50 billion gone in a day.