Crypto Crash Volatility Rocks Market: Why Crypto Market is Down Today? What is Going on With Crypto Today?
As volatility rocks Bitcoin’s journey to $100K, the mainstream media is alleging a ‘crypto crash’ and many retail investors are panicking, with traders asking: Why crypto market is down Today? Why going on with crypto Today? Why is crypto down Today?
In this article, delve into the latest crypto market price trends, uncover why crypto market is down Today, and take a look at some projects defying the dip to boost your weekend’s gains.
It’s no secret that Bitcoin price
Price
Trading volume in 24h
Last 7d price movement
has been on an absolute tear over the past week or two since Donald Trump’s victory in the US Election; market confidence is back to risk-on sentiment, and ahead of an anticipated US Bitcoin reserve BTC is dancing with 6-figures for the first time.
Yet, despite the unhinged growth over the past month, retail investors are in panic after the top coin dropped -1.46% down to $96,300, and many are questioning whether this could be a ‘crypto crash’ as some in the media are calling it.
Is There Really a Crypto Crash? What is Going on With Crypto Today? Why Crypto Market is Down Today?
For those who have only recently paid attention to Bitcoin’s price, reaching these levels has been a rocky road of volatility. Since the introduction of spot ETF flow dynamics into the market back in January, Weekend periods have been characterized by high-volatility dips while TradFi traders are away from their desks.
The past week saw Bitcoin mount an almost mythological run at $100K for the first time. It stalled at resistance around $99,645—less than half a percent away from $100K —before retreating to lower support.
(BTCUSDT)
This represents the first test of $100K BTC price. It’s completely natural for price action to cool off after such a momentous feat, especially as such volatile moves at major liquidation levels can act to flush out over-leveraged traders in the market (often seen as necessary for a major move-up as seen around $92,000).
However, it’s also important to understand that when Bitcoin ticks up or down, these reverberations are felt most in the altcoin and meme coin market – when Bitcoin sneezes, Altcoins puke.
#Altcoins are in a bull cycle, but how to handle flash crashes?
Today has shown that altcoins are super volatile.
They are able to drop by 10% when $BTC sneezes.They are certain strategies that you can follow through those times.
Let's discuss flash crashes on #Altcoins. ⬇️… pic.twitter.com/pODbbpyt3m
— Michaël van de Poppe (@CryptoMichNL) November 24, 2024
Flash crashes like this are a regular fixture of bull market conditions, and therefore, it’s important not to be panicked by such moves, to step back and assess the bigger picture – and not be shaken out.
Dips in major tokens in Bitcoin also don’t mean the markets go inactive, in fact, often during down periods for Bitcoin price, meme coin markets come to life as smart money investors seek to increase their capital ahead of the next pump.
Whales Rotate Capital To Meme Coin Market: Top Analysts Spotlight New Meme Coin CatSlap As Next 10X Play
While Bitcoin retraces from the resistance test and altcoins bleed out, a new meme coin is breathing life into the market after a seismic launch poises it shake-up the cat meme coin space.
Top analysts are noting major whale wallet rotations from high-performing alts into CatSlap (SLAP) – a new cat meme coin that launched on Thursday, as smart money takes position in the next big meme coin.
Whales are gobbling up $SLAP tokens in a hurry. Yesterday, one whale purchased $60k, as bullish momentum explodes – especially with 40% APY staking on offer and a cool GameFi utility on the backend.
(Source)
In the 48-hours since launch, CatSlap has already unlocked viral velocity, with the coin surging a jaw-dropping +6,000% following its stealth launch on Ethereum DEX markets to hit an initial all-time high around the $50M market cap.
(SLAPUSD)
Now trading within an alluring ascendant bullish channel, analysts are noting an emerging bounce move, which, according to technical analysis, is likely to trigger a skyrocket move to the $100M mark over the next 24 hours.
So far, Catslap has outperformed the early launch days of Popcat and MEW, helped, for sure, by favorable market conditions and its clicker game Slapometer (total slaps 4.8 million and counting), which is gaining traction around the world.
Many are waiting on the project’s major announcement coming in 11 days as analysts call for SLAP to kill-off rival cat coin MICHI at #5 in the cat meme coin sector.
‘Time in the market, not timing the market’, as the old stockmarket adage would have it, is probably the way to go with Catslap.
This way, you can make sure to be well-positioned for an even bigger price explosion of possible 100x gains post-announcement.
Visit Catslap Token website here
Crypto Market Braces For New Meme Coin Layer-2 Launch: Will PEPE Finally Gain an Ecosystem
🐸HUGE ANNOUNCEMENT!🐸
In exactly 30 days, I repeat 30 DAYS! The presale for Pepe Unchained ends.
This is your LAST CHANCE to grab $PEPU before it hits Major exchanges!
Buy $PEPU in presale here: https://t.co/onpYoXlnyG pic.twitter.com/UtM95mrAvM
— Pepe Unchained (@pepe_unchained) November 13, 2024
Stepping away from immediate gains to longer-term plays, an emerging meme coin layer-2 project is also worth attention after Pepe Unchained’s presale raised over $40M.
2024 has seen the rise of Layer-2 blockchains, and competition has intensified as big players for Shiba Inu’s Shibarium to OXK’s X-Layer battle to capture volumes and emerge as a dominant L2 option.
Hot on the heels of Uniswap’s Unichain, Pepe Unchained seems set to be the latest Layer-2 to explode, with an upcoming IDO in less than 20 days time.
This follows a high-octane presale, which has raised $40M over the past few months amid viral influence in the retail market and strategic positioning by big crypto whales.
But the rewards don’t end there; currently, presale buyers have staked over 180 million $PEPU tokens, enjoying a market-leading staking APY of 84%.
But the Pepe Unchained ecosystem is just getting started. The project has just unveiled Pepe’s Pump Pad, a meme coin launchpad similar to Pump.fun, designed to make Ethereum the epicenter of the meme coin world.
And just like Pump.fun, Pepe’s Pump Pad makes it easy for anyone to create their own meme coin – no coding knowledge required. Users can instantly launch their meme coins with a simple two-click process on their website.
So don’t miss out on this incredible opportunity; the next time you hear about Pepe Unchained, you will probably trade on it (and regret ignoring this news!).
DON’T MISS: Best New Cryptocurrencies to Invest in 2024
EXPLORE: Pump.Fun Takes Twitch By Storm: Is Streaming Porn The New Crypto Meta?
Join The 99Bitcoins News Discord Here For The Latest Market Updates
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.
