The cryptocurrency market has gone through a difficult process in the last 24 hours and meme coins have also had their share of this situation. This highly polarized category has lost nearly 7% of its value following the ongoing decline of the entire cryptocurrency market. 📉

All of the meme coins have fallen by approximately 7% in the last day. Some have suffered more loss than others. Large-cap altcoins performed as follows:

DOGE -4.7%

SHIB -6.4%

PEPE -5.8%

FLOKI -4.2%

BRETT -9.1%

BONK -2.8%

BOME -6.1%

Small-capacity meme coins, on the other hand, suffered greater losses. For example, RYU is down 79% in the last 24 hours, while MUMU and ANDY are down about 25%.

On the other hand, the trending meme coin BODEN gained 10.6% in value in the last 24 hours, unlike other coins in the market. 📈

Bitcoin is trading below 61K for the first time since May 13. This decline is likely due to Mt. Gox exchange issued a note saying it was ready to start paying creditors.

This caused the entire market to react and create a heatmap in which only red is visible today. In the last 24 hours, there was a liquidation of $315 million due to leveraged positions. $130 million of this amount comes from Bitcoin, followed by Ethereum with $72 million.

Ethereum is currently trading below 3.3K and it looks like the bears have set 3K as the first target. Bitcoin, on the other hand, finds support at 60K, which is an important psychological level. However, if the bears break this level, the next level to watch will be around 58K.