In the latest crypto market downturn, Bitcoin ($BTC) experienced a significant drop, falling to $58,400. This decline underscores the fact that no segment within the crypto market is immune to negative sentiment. In line with this, the top 5 memecoins by market cap, namely $DOGE, $SHIB, $PEPE, $WIF, and $FLOKI, have also seen a decrease, each down by approximately 5% in the past 24 hours. This trend serves as a reminder of the volatility inherent in the crypto market, and the need for investors to remain vigilant and informed.