SHIB, DOGE and PEPE enter $6B gains as BTC aims at $90k
- Cryptocurrency market capitalization dips 1.3% to hit $2.9 trillion on Tuesday, with market indicators showing capital rotation toward memecoins.
- Memecoin sector valuation has crossed the $62 billion mark, adding 9.2% within the last 24 hours.
- Trump’s emphatic support of the official TRUMP token launched at the inauguration has reignited investor confidence in memecoins this week.
Bitcoin market updates:
- Bitcoin’s price tumbled 2% to settle at $86,000 at press time on Wednesday after another unsuccessful attempt at breaching the $90,000 resistance.
- Bitcoin’s dip outpaces the 1.3% decline in the global crypto market, signaling that investors are rotating capital from BTC towards altcoins.
- Bitcoin…