MemeCore Surges 35% as Crypto Market Splits Amid U.S. Economic Concerns
This week’s cryptocurrency market exhibited divergent performances, with MemeCore (M), Four (FORM), and Conflux (CFX) leading the charge in price recovery amid broader market uncertainty. In contrast, Fartcoin (FARTCOIN), Bonk (BONK), and Virtuals Protocol (VIRTUAL) faced significant declines, reflecting heightened risk-off sentiment driven by weak U.S. economic data and ETF outflows [1].
The crypto market experienced a notable pullback, with Bitcoin [BTC] falling below $113,700 and Ethereum [ETH] declining more than 5%. The retreat was attributed to growing concerns over a potential U.S. recession and the release of a 160-page U.S. government crypto policy report. Despite this, MemeCore, Four, and Conflux demonstrated resilience, with…
