Et tu, Bobo?!? Why is crypto down today, and what is the best memecoin to buy during the dip? 99Bitcoins analysts say Wojak coin and Maxi Doge.

Crypto took a beating on Wednesday as traders cashed out before the Fed’s December meeting. Bitcoin Bitcoin 1.29% Bitcoin Bitcoin BTC Price $64,231.88 1.29% /24h Volume in 24h $16.50B Price 7d Learn more sank 3% to $103,222, Ethereum lost nearly 5%, and Solana got hammered, down close to 9%, per CoinGecko.

XRP XRP 1.04% XRP XRP XRP Price $1.15 1.04% /24h Volume in 24h $863.79M Price 7d Learn more followed suit at $2.40. The move for BTC came after a short-lived bounce earlier in the week that fizzled near $106,600, undone by heavy resistance and a market suddenly on edge. Here’s what’s next for the markets and the best two memecoins making waves:

DISCOVER: 20+ Next Crypto to Explode in 2025

Why Is Crypto Down Today?  Technical Pressure and Cascading Liquidations

Market Cap

Data from Coinglass shows that more than $480 Mn in leveraged positions were liquidated across major exchanges in the past 24 hours, amplifying downward pressure.

“Bitcoin failed to break above the $107,000 resistance, prompting long traders to exit and triggering a chain of liquidations,” said Vincent Liu, Chief Investment Officer at Kronos Research.

Meanwhile, Bitcoin’s RSI has cooled to neutral levels, hovering just above its 200-day moving average near $87,000, and is a sign that short-term momentum is fading.

DISCOVER: Top 20 Crypto to Buy in 2025

Best Memecoin to Buy?  Crypto Faces Broader Risk-Off Sentiment While Wojak Rises

According to DeFi Llama, total crypto market capitalization fell 1.7% to $3.6Tn, while stablecoin supply stagnated near $163Bn after months of steady growth. Glassnode reports a 9% jump in exchange inflows, often the first sign of selling pressure. Meanwhile, FRED data puts real 10-year Treasury yields at 2.32%, the highest since spring and a reminder that tightening liquidity doesn’t just hit stocks.

Meanwhile, Wojak Coin is one of the few risk-on assets blowing up. The premise for the coin is to use let people trade, post, and profit off 4chan-style internet culture itself. Kind of based, huh, anon?

By November 2025, Wojak’s still alive, just make sure you do your research and invest in the official coin, if interested, not its many copycats.

DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025

Best Crypto Presales Right Now? Can Maxi Doge Go Higher?

Dogecoin may be the OG meme coin, but Maxi DOGE ($MAXI) is  the other memecoin blowing up right now, wrapped in bodybuilder branding and already pulling in over $3.9 Mn in presale. Priced at  $0.0002675 in its final round, launch expectations hover near $0.0003. If momentum sticks, projections push as high as $0.0012 by the end of 2025.

The sell is straightforward: hype, staking rewards, and internet culture packaged into a single token.

Visit Maxi Doge

Maxi DOGE is designed for quick transactions, as its utility remains limited. Uniswap listings and possible futures tie-ins are on the horizon.

The bottom line is that MAXI is another bet on the strength of memes. It is risk-heavy, but the upside case is there for those willing to take a chance.

EXPLORE: US Government Back to The Office: Why is Crypto Up Today?

Key Takeaways

  • Et tu, Bobo?!? Why is crypto down today, and what is the best memecoin to buy during the dip?
  • Maxi DOGE is designed for quick transactions, as its utility remains limited.

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Isaiah Mccall
Isaiah Mccall
99BTC Japan Correspondent

Isaiah McCall is an ultramarathon runner and Japan Correspondent for 99Bitcoins. He started at USAToday in 2019 and now has a Medium blog following of 30k+ and millions of views. Follow him at @AfroReporter Read More

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