Bitcoin ETF

Dogecoin

Shiba Inu

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 <p class="is-style-lead">Memecoins took the hardest hit in <a rel="noopener noreferrer nofollow" title="today" href="https://thebittimes.com/tag/today.html">today</a>’s <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> selloff, losing almost double the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap of the average <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>.&nbsp;</p>
 <p>Earlier <a rel="noopener noreferrer nofollow" title="today" href="https://thebittimes.com/tag/today.html">today</a> reports from Matrixport regarding the SEC’s potential rejection of Bitcoin ETF applications triggered a significant <a rel="noopener noreferrer nofollow" title="liquidation" href="https://thebittimes.com/tag/liquidation.html">liquidation</a> across the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>. Within four hours, the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> lost over $540 million, with Bitcoin and Ethereum dipping nearly 10%.</p>
 <p>However, it appears that the meme coin market took the sharp end of liquidation, with all major meme tokens losing over 10% of their value today. Bonk, the newest and most trending meme coin, lost nearly 16% today, and the token is 66% down from its all-time high reached less than three weeks ago.</p>
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 <p><br>Dogecoin perhaps suffered the worst fall among the top meme tokens, from $0.090 to $0.0819 in just 15 minutes. Since then, the leading meme coin slightly recovered. Shiba Inu also lost over 10% on the day, but the token’s notable rally in December means it’s still nearly 8% up in 30 days.&nbsp;</p>
 <p>The crypto <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap fell by 4.9% <a rel="noopener noreferrer nofollow" title="today" href="https://thebittimes.com/tag/today.html">today</a>, but the meme coin <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap fell by nearly 11.5% — more than double the average. As more speculations around the potential approval of Bitcoin ETFs keep coming, it will be intriguing to see how significantly it impacts the meme coin <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>.&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/memecoin-market-cap-falls-12-during-today-s-liquidation-tbt75511.html">https://thebittimes.com/memecoin-market-cap-falls-12-during-today-s-liquidation-tbt75511.html</a></p>

Memecoin market cap falls 12% during today’s liquidation

TheBitTimes

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