Crypto News Today:
Here are the latest updates in the crypto market:
1. Bitcoin and Major Altcoins Decline: $BTC has fallen below the $60,000 mark, trading around $59,000. This drop has led to over $300 million in liquidations. $ETH also saw a significant decline, dropping below $2,500. The overall market sentiment is bearish due to concerns about upcoming U.S. economic data
2. Meme Coins Plummet: Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced sharp declines, each dropping around 6% over the past day. Other meme coins, including Pepe (PEPE) and dogwifhat (WIF), have seen even larger drops, falling between 9% and 12%
3. Altcoins Show Mixed Performance: While the broader market is down, some smaller altcoins like Popcat (POPCAT) and Notcoin (NOT) have managed to record slight gains of around 1-2%
4. Concerns Over Potential Sell-Offs: The market is also on edge due to the U.S. government's transfer of a large amount of Bitcoin and the anticipated repayments from the Mt. Gox hack, which could trigger further sell-offs
