Shiba

Solana

Bitcoin

Shiba Inu

<div class="cryptonews">
 <p class="is-style-lead">The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> witnessed a day of mixed fortunes as the global <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap climbed back to $1.7 trillion, signaling a stabilization after a 3% drop yesterday.&nbsp;</p>
 <p>Notably, Bitcoin surged to $43,600, marking its highest point since last week, despite a mere 6% increase in trading volume over the past 24 hours. In contrast, Solana (SOL) experienced a notable decline, shedding nearly 5% of its value today.&nbsp;</p>
 <p>The market also saw significant volatility in XRP, which plummeted to $0.49, its lowest in a month. This drop was primarily attributed to speculations around a $113 million breach affecting Ripple. However, XRP rebounded following confirmation from Ripple Co-Founder Chris Larsen that the breach was limited to his personal XRP wallets.</p>
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 <p>The meme coin market faced a significant downturn, with the market cap falling by 2%. Solana-based meme coins such as BONK and dogwifhat (WIF) experienced over 6% losses. PEPE also dipped by over 10%, while Shiba Inu and Dogecoin showed some resilience to the market dip.</p>
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   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/02/01/df327652d55ad15b798aaa337162dfc9.webp.webp">
   <img decoding="async" width="992" height="473" src="https://cdn.thebittimes.com/images/2024/02/01/df327652d55ad15b798aaa337162dfc9.webp" alt="Solana meme coins"> 
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  <figcaption class="wp-element-caption">
   All Solana-based meme <a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> in red on January 31st | Source: CoinGecko
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 <p>A peculiar correlation seems to be emerging between the broader <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> and the meme coin sector. While the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> experienced a decline yesterday, the meme coin <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> was notably up. Today, the trend reversed, with the global <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> stabilizing and meme <a rel="noopener noreferrer nofollow" title="coins" href="https://thebittimes.com/tag/coins.html">coins</a> facing a downturn.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/global-crypto-market-stabilizes-as-solana-meme-coins-bleed-tbt78438.html">https://thebittimes.com/global-crypto-market-stabilizes-as-solana-meme-coins-bleed-tbt78438.html</a></p>

Global crypto market stabilizes as Solana meme coins bleed

TheBitTimes

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