While Bitcoin’s Downward Trend Slows, the Memecoin Sector Continues to Decline! Here Are the Details

As the cryptocurrency market continues its downward trend, the Meme category has been the sector that has experienced the sharpest decline in the last 24 hours.

According to SoSoValue data, the Meme index fell by 5.01 percent in 24 hours. MemeCore (M), which had seen strong growth in the previous period, attracted attention by falling by 29.56 percent in the same time frame.

However, some meme tokens showed movements contrary to the general market trend. BUILDon (B) rose by 11.24%, while $PIPPIN ($PIPPIN) stood out with a 39.36% increase.

Ethereum ($ETH), the market’s second-largest asset, also felt the impact of the decline. Although the $ETH price fell by 1.67%, it managed to remain above the $2,000 level.

Bitcoin ($BTC), however, stood out from other major crypto assets with a relatively strong performance. The $BTC price rose by 1.13%, crossing the $70,000 threshold again.

When examined by sector, the PayFi category fell by 0.82%, while Telcoin (TEL) saw a 1.82% increase within this category. The DeFi category declined by 0.85%; however, Hyperliquid (HYPE) recorded a 3.26% increase during the day. Although the CeFi category experienced a 0.94% decrease, Aster (ASTER) stood out with a positive increase of 8.19%.

The Layer 1 index fell by 1.87%, while Kaspa (KAS) rose by 6.03%. The Layer 2 category experienced a 1.91% decrease; Stacks (STX) lost 3.20% of its value.

The data suggests that while general selling pressure continues in the market, some altcoins, and Bitcoin in particular, are showing more resilience.

*This is not investment advice.

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