đš Bitcoin Hits $98,000, Altcoins Crash: $400M Liquidated in 24 Hours đš
Bitcoin soared to a new all-time high of $95,000, but the excitement was short-lived as it faced a sharp rejection, losing over $1,000 in minutes. While BTC is stabilizing, the rest of the crypto market is in chaos, particularly meme coins.
Key Highlights:
The crypto market cap dropped by 2.3% to $3.2 trillion, while meme coins took a harder hit, plummeting over 10%.
Meme coin market cap fell from $130B to $115B, according to CoinGecko.
Biggest Losers:
POPCAT: -20%
PNUT: -17%
BONK: -12%
WIF: -11.3%
PEPE: -10.5%
Even the top players weren't spared:
DOGE dumped to $0.364 from $0.40 but recovered slightly to $0.375.
SHIB is still down 6.5%.
Liquidations Surge:
Over 160,000 traders liquidated in 24 hours.
Total liquidations: $415M
Longs suffered the most: $311M wrecked positions.
This crash comes after weeks of strong performance from meme coins like PEPE and BONK, which had recently hit all-time highs after major exchange interactions.
đ Whatâs next for Bitcoin and the meme coin market? Will we see another recovery or further losses? Share your thoughts below!
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