NewsletterDogecoin, Shiba Inu Drop Over 10% As Crypto Market Crash Deepens
The meme cryptos are seeing a decline of a massive 10.79% in the last 24 hours, taking the market cap down to 15.16 billion USD. The trading volume has jumped by 39.86%, indicating that the investors are withdrawing interests from the market. The three major meme cryptos are seeing a huge drop.
There have been multiple events happening in the crypto market as the U.S. SEC continues its crackdown. Against the backdrop of a significant liquidity crisis, Silvergate Bank opted to cease its operations and transition into a state of liquidation. As Coingape reported, the New York Attorney General’s office initiated legal action against KuCoin which is a crypto exchange, on Thursday. The Chair of the US Federal Reserve, Jerome Powell, cautioned on Wednesday that the central bank may increase interest rates beyond the projected range as inflation continues to rise. All the factors combined led to the crash of the crypto market.
Also read: Wall Street Estimates On US Jobs Data, Crypto Market To Crash Further?
Price of Shiba Inu (SHIB) dips
Shib army has been burning a large number of SHIB tokens which led to the increase in price yesterday, however, Shiba Inu price has dipped in the last 24 hours. The token has gone down over 10%. Each SHIB token is currently trading at 0.00009829 USD. Thus, the market cap has come down to 5.40 billion USD and trading volume escalates by 12.31%.
Source: coinmarketcap
Dogecoin (DOGE) price dips
The largest meme crypto, Dogecoin falls by 11.18% over the past 24 hours. Each DOGE token is currently trading at 0.06373 USD. The market cap is at 8.45 billion USD and trading volume increases by 94.92%.
Source: coinmarketcap
Also read: Biggest Crisis Ever For Crypto Market? Crash To Continue?
Bone ShibaSwap (BONE) price dips
Bone ShibaSwap falls by 11.46% over the past 24 hours despite its listing on a new exchange. Each BONE token is currently trading at 1.49 USD. The market cap has come down to 343 million USD and trading volume has increased by 45.94%.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- MetaMask Integrates Polymarket as Crypto Prediction Markets Gain Ground
- Breaking: CFTC Greenlights Spot Crypto Trading on Regulated U.S. Exchanges
- TradFi Attack On Crypto? Ken Griffin’s Citadel Asks SEC to Tighten Rules on DeFi Protocols
- U.S. Weekly Jobless Claims Fall to 3-Year Low Ahead of FOMC Meeting
- S&P Welcomes WhiteBIT’s Native Coin Across Five Key Crypto Indices
- Can Solana Price Bounce Back to $200 by End of 2025?
- Cardano Price Prediction Ahead of Midnight Sidechain Launch — Is ADA Headed for $0.85?
- Sui Price Eyes $2+ as SEC Approves First 2X Leveraged SUI ETF
- Pi Network Price Shows Signs of Recovery as Unlock Rate Cools
- Bitcoin Price Could Break $100k as Odds of 3 Rate Cuts Hit ATH
- XRP Price Prediction as ETF Buyers Add $50.27M to Holdings
