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<ul>
 <li>Altcoins, meme coins, and layer-1 cryptos face price swings amid Bitcoin stability concerns.</li>
 <li>Bitcoin is struggling to maintain crucial support at $63,500.</li>
</ul>
The latest update from the cryptocurrency market shows a slight uptick in global crypto activity, albeit with some notable declines. The overall market capitalization dipped by 1.79%, to $2.33 trillion, and a 19.83% decrease in total trading volume, now at $63.56 billion.
Bitcoin is <a href="https://thenewscrypto.com/will-bitcoin-bulls-triumph-over-its-current-trials/" target="_blank" rel="noopener noreferrer nofollow">facing challenges</a> in maintaining support levels after its fourth halving on April 20, particularly struggling around the $62,700 to $63,500 mark. While Bitcoin grapples with stability, attention has turned to altcoins, with memecoins and layer-1 cryptocurrencies leading the charge to outperform Bitcoin over the past month. This shift has sparked discussions among traders about the potential onset of an altcoin season.&nbsp;
<h3 class="wp-block-heading" id="h-market-watchers">Market Watchers&nbsp;</h3>
Over the past month, the altcoin market has witnessed significant value growth, particularly amid concerns about <a href="https://thenewscrypto.com/fidelitys-spot-bitcoin-etf-sees-first-net-outflows-since-debut/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s halving</a>. However, today, major altcoins experienced a decline in their values, suggesting a potential reversal or consolidation in the market.
Ethereum (ETH), the second-largest cryptocurrency, is encountering resistance in breaching the $3,150 zone, while BNB and Solana have experienced 3% and 5% declines in their respective prices over the last 24 hours.
The frenzy surrounding meme coins, which has captured the attention of the entire market, has also encountered a substantial decline in prices. Prominent meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE are among those experiencing significant drops in value.

Altcoins Face Headwinds Amid Bitcoin’s Stability Concerns

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