The crypto market has crashed, losing $1.01 billion in liquidations.
\nBitcoin (BTC) has plunged below $84k while altcoins like ETH and SOL have slumped 15-20%
\nBitcoin Pepe\u2019s presale offers a compelling alternative with the price set to rise from $0.0255 to $0.0268 in next presale stage.<\/p>\n
The crypto market is reeling from a brutal wave of liquidations. Over $1 billion in leveraged positions have vanished in the last 24 hours, according to Coinglass data<\/a>.<\/p>\n The liquidations have hit traders hard across major exchanges. Bitcoin alone accounted for $396.16 million in wiped-out positions. Ethereum saw $209.58 million evaporate, and Solana\u2019s liquidations reached $70.55 million. Even meme coins weren\u2019t spared\u2014Dogecoin saw over $20 million in liquidations.<\/p>\n Bitcoin (BTC) has plummeted below $84,000 gain, shedding nearly 10% of its value in a single day. The tumble has reversed its rally past $95,000 earlier this week. It has hit an intraday low of $82,467.24 before stabilizing slightly above $83k.<\/p>\n Ethereum (ETH) followed suit, diving 15% to $2,089, while altcoins like Solana (SOL) and XRP cratered by 20% and 18%, respectively. Cardano (ADA) also plunged 25% to $0.7998 as a majority of the other altcoins bore the blunt of the bloodbath.<\/p>\n Meme coins were not spared either. Shiba Inu (SHIB) and Pepe Coin (PEPE) have dropped 13% and 18%, respectively, while Sonic (S) and Trump-backed tokens have shed 23% to 25,% respectively. It seems the high-risk corner of the market faced unrelenting exits as fear gripped traders.<\/p>\n Notably, the crypto market carnage mirrors a broader market slump, with the global crypto market cap tumbling 10% to $2.76 trillion.<\/p>\n Investors blame CME futures gaps and thinning liquidity for the sudden crypto market drop. Analysts point to liquidity gaps and leveraged bets gone wrong as the culprits.<\/p>\n Trump\u2019s talk of a strategic crypto reserve couldn\u2019t shield the market from broader economic tremors; the selloff has erased gains sparked by optimism over President Donald Trump\u2019s pro-crypto moves.<\/p>\n Besides the liquidity gaps, economic factors are also to blame for the crypto crash. Trump\u2019s new 25% tariffs on imports from Canada and Mexico have sparked trade tensions.<\/p>\n Canada and Mexico supply a third of US goods, and the tariffs threaten growth and stoke inflation fears.<\/p>\n Following the introduction of the tariffs, American stocks also tanked alongside crypto, with the Dow Jones falling 650 points. The VIX index also jumped to 22, signaling rising market panic.<\/p>\n Historically, cryptocurrencies falter when fear dominates, pushing investors to the sidelines.<\/p>\n Amid this chaos, Bitcoin Pepe stands out as a bold contender. Pitched as the \u201cWorld\u2019s Only Bitcoin Meme ICO,\u201d blending Bitcoin\u2019s durability with meme coin flair, the project aims to build a Meme Layer-2 for Bitcoin, promising instant transactions and ultra-low fees. Its PEP-20 standard lets users launch memecoins on Bitcoin\u2019s blockchain.<\/p>\n Unlike the currently bleeding altcoins and memecoins, Bitcoin Pepe is currently in its presale<\/a> stages, which are structured to ensure the price rises with each presale stage progression.<\/p>\n The presale is gaining traction despite the market rout. Currently in stage 5 of 30, the presale has raised $3,690,133. The current price sits at $0.0255 and is set to rise to $0.0268 in the next stage.<\/p>\n The project\u2019s smart contract has already been audited by SolidProof, offering a glimmer of credibility in a sea of uncertainty.<\/p>\n Interested investors can connect wallets and buy in<\/a>, betting on its vision of \u201cSolana on Bitcoin\u201d as a lifeline. The project\u2019s whitepaper and roadmap pitch a future where meme coins thrive on the \u201conly chain that will live forever.\u201d<\/p>\n The post Bitcoin Pepe emerges as a possible go to altcoin as crypto market bleeds<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The crypto market has crashed, losing $1.01 billion in liquidations. Bitcoin (BTC) has plunged below $84k while altcoins like ETH and SOL have slumped 15-20% Bitcoin Pepe\u2019s presale offers a compelling alternative with the price set to rise from $0.0255 to $0.0268 in next presale stage. The crypto market is reeling from a brutal wave […]<\/p>\n","protected":false},"author":0,"featured_media":2606,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":["post-2607","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2607"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2606"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The crypto market erased gains made earlier this week<\/h2>\n
What is causing the crypto market to drop?<\/h2>\n
Bitcoin Pepe emerges as a haven for crypto investors<\/h2>\n