Bitcoin's Performance Against Market Volatility

Over the last 24 hours, Bitcoin experienced minor fluctuations but ultimately managed to stay above the $71,000 level; It rose to $71,142.90 and dropped to $70,119.12. This resistance occurred despite a significant outflow of $132.2 million in Bitcoin ETFs reported by Farside Investors on June 6. While the global market fell, Bitcoin's dominance increased by 0.21% to 53.24%, recording a net gain of 0.22% on the day. The industry's leading cryptocurrency is showing its resilience despite the sea of ​​red and underlining its strong position in the crypto hierarchy.

Ethereum and Altcoin Dynamics

Ethereum dropped 1.57% in value to $3,804.81. Despite an increase in daily active users following ETF approval, Ethereum could not escape the overall negative market sentiment. Similarly, Solana fell 2.02% to $170.47, which it surpassed the day before. Ripple is down 0.68% as it stands at $0.5223, and this sensitive support level has left investors worried. Altcoins showed fundamental support strength despite widespread selling in line with general market trends.

Status of Meme Tokens

Meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB) continued to decline; Dogecoin lost 1.01% and Shiba Inu lost 2.99%. Other speculative tokens such as PEPE, WIF and BONK showed sharper declines of 5-6%. Amid this bleak outlook, FLOKI rose modestly by 0.93%, indicating selective investor interest in this highly speculative segment. The performance of meme tokens reveals the rapid changes in sentiment in the cryptocurrency market.