Where are Bitcoin and meme coins headed?
- Bitcoin corrects nearly 6% on Tuesday, down to $86,400.
- Meme coins on Solana and blue-chip tokens like Dogecoin, Shiba Inu, Pepe and TRUMP start recovering.
- Analysts at Nansen identify a risk-off sentiment among crypto traders and commented on catalysts driving Bitcoin’s price lower.
Bitcoin (BTC) traders faced over $746 million in liquidations in the past 24 hours, according to Coinglass data. Meme coins led the market crash last week, with developments surrounding LIBRA and MELANIA and the $1.4 billion Bybit hack, where stolen funds were laundered through Solana meme coins.
Analysts at Nansen published their research in a recent report and shared exclusive comments with FXStreet, highlighting the weakness…
