Alternative digital currencies and meme-themed currencies are negatively affected:
Most altcoins have seen bigger declines than Bitcoin.
The price of Ethereum (ETH) fell by more than 3%, falling below the psychological support level of $3,500.
The price of Binance Coin (BNB) also declined by a similar percentage to $580.
But meme-themed digital currencies were most affected by the market decline.
WIF fell to its lowest level in several months, followed by JASMY, BONK, BRETT, PEPE, and FLOKI, all of which fell by more than 8% within one day.
In total, the total market capitalization of all cryptocurrencies saw a decline of about $50 billion within a single day.
#MEME🔥 #FLOKI🔥 #pepe⚡ #BONKBreakdown
