**Crypto Markets Are Volatile: Bitcoin Crashes to $62K, Meme Coins Bleed!**

- The cryptocurrency market is once again in turmoil! After a brief upswing, most coins are now in a nosedive, wiping out all recent gains. 💥

- Liquidated derivatives have soared to $230 million, while market sentiment is down.

- News from the US Bankruptcy Court has approved FTX’s reorganization plan, where creditors will receive between $14.7 billion and $16.5 billion in recovered assets.

- Bitcoin price briefly climbed to $64,400 yesterday, but unfortunately, bears quickly took over and took it down to $62,000. Now, BTC is sitting at $62,300. Will this level hold or will bears target $60K?

- Over $60 million in BTC derivatives positions were liquidated in the past 24 hours, with $40 million of them being long traders.

- Altcoins also took a dive, with ETH, BNB, XRP, BCH dropping between 1-2%. Meme coins like POPCAT, PEPE, BONK, and WIF saw a sharp drop of 17.5%.

What do you think? Is this a good time to buy or sell? Let us know in the comments!