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As the total crypto market capitalization sees a sharp decline in 24 hours, investors show high levels of interest in “buying the dip.” 
According to data provided by CoinGecko, the global crypto market cap declined by 4.4% in the past 24 hours, the fastest drop in over four months. The total digital currency market cap fell from $1.71 trillion to $1.64 trillion as the top assets, Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>), witnessed significant slides. 
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 <img loading="lazy" decoding="async" width="1024" height="244" src="https://crypto.news/app/uploads/2023/12/crypto-market-cap-Dec-11-1024x244.png" alt="‘Buy the dip’ calls on social media surface, market sees correction - 29" class="wp-image-14225768">
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 Total crypto market cap – Dec. 11 | Source: CoinGecko
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Data from CoinGecko shows that <a href="https://crypto.news/defi-share-in-crypto-market-increases-by-18-in-november/">decentralized finance</a> (defi) tokens’ market capitalization recorded a slight increase despite the market-wide cooldown — rising from $75.3 billion to $75.6 billion over the past 24 hours. 
 You might also like: <a href="https://crypto.news/cardano-ada-maintain-bullish-momentum-crypto-analyst/"> Cardano to maintain bullish momentum, analyst says </a> 
Moreover, data provided by Santiment shows that the social volume for the terms “buy the dip,” “buy,” “dip,” and “buydip” has seen a significant rise over the past 24 hours, reaching a two-month-high. 
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 📉 <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Crypto</a> has experienced its fastest drop in 4 months as markets have corrected and caused mild trader concerns. There is a high level of <a href="https://twitter.com/hashtag/buythedip?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#buythedip</a> calls, which typically means that there is a bit of overeagerness and <a href="https://twitter.com/hashtag/FOMO?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#FOMO</a> on these low prices. <a href="https://t.co/cC2hJmSibv" target="_blank">https://t.co/cC2hJmSibv</a> <a href="https://t.co/9XjMbXfill" target="_blank">pic.twitter.com/9XjMbXfill</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1734093149054869662?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">December 11, 2023</a>
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Per the market intelligence platform, most discussions come from Reddit and X as the market runs into the “extreme greed” zone. 
The market-wide decline comes after Bitcoin briefly touched the $44,000 mark and Ethereum reached the $2,400 area.&nbsp; 
BTC declined by 4.1% in the past 24 hours and is trading at around $42,150. Bitcoin’s market cap still stands above the $820 billion mark.&nbsp; 
<a href="https://crypto.news/ethereum-could-witness-price-dip-whales-take-profit/">Ethereum</a> and many more altcoins witnessed almost identical movements. ETH dropped by 4.9% in the past 24 hours and is trading at $2,230 at the time of writing. 
 Read more: <a href="https://crypto.news/top-cryptos-to-watch-this-week-jto-sol-avax/"> Top cryptos to watch this week: JTO, SOL, AVAX </a>

‘Buy the dip’ calls on social media surface, market sees correction

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