Meme Coins Crash: Why PNUT, Popcat, and TURBO Are Falling 💯💯💥💥

Bitcoin, the largest cryptocurrency on the blockchain, fell 11.2% on Thursday and 23% over the past seven days. 💥💥

Peanut Squirrel The recently popular Solana meme coin has fallen 40% in the past seven days. Similarly, Popcat is down -25.18%

Solana, Turbo, and Mog Coin were among the worst performing cryptocurrencies. The market cap of all Solana meme coins fell 15% to $15.5 billion.

Meme coins crashed due to Bitcoin’s continued performance. After soaring to a record high of $108,200, Bitcoin has fallen below $100,000, as we predicted earlier this week. 💥💥

Bitcoin’s value has been dragged down by profit-taking and tensions surrounding a hawkish Federal Reserve. At its final meeting of the year, the bank warned that it would make only two rate cuts in 2024, as it voiced concerns about inflation. $PNUT $TURBO $SOL