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Bitcoin, Ethereum, and Dogcoin decreased with a decrease in the Meme currency market by more than 14 %, which led to a decrease in the wider encryption market from 5 %.
Bitcoin (BTC) slides 7.4 %, ETHEREUM (ETH) decreased by 13.5 %, and Dogecoin fell 13 % in the past 24 hours.
Crypto Fear & Greed Index has hit the lowest level since September
The diving in the encryption market was accompanied by a sharp decrease in investor morale, with Fear of encryption and greed indicator 24 points are watering to enter the “intense fear” reading of 25, which is the lowest level since September last year.
After a sharp crowd launched by Donald Trump’s electoral victory, feelings were strained after a series of risk developments. First, the Federal Reserve has increased caution in expectations for interest rate discounts.
This was followed by the MIM scandal around the Mim Mim coin, which was involved in Argentine President Javier Millie. Things got worse on Friday when Crypto Exchang BYBIT with a penetration of $ 1.5 billion, the largest in the industry ever.
There is also a renewed concern about the potential impact of definitions after US President Donald Trump reaffirmed a plan to impose on Canada and Mexico when it ends a temporary stop for 30 days early next month.
“We all thought that Trump would be bullish on the market,” said Abe’s Cass on X.
SPX, Pengu and WiF Drop as the Mimi currency market is bleeding
SPX6900 (SPX) has suffered from the largest loss in the 10 largest list Mimi currencies After the price has decreased more than 17 % to lead at $ 0.5884 from 1:12 am EST.
PUDGY PENGUINS (PENGU) extended its losing plan with a 15 % loss, while Coin Dogwifhat (WIF), which is based in Solana, decreased.
Only: More than $ 110,000,000 from the encryption market has been eliminated over the past 24 hours. pic.twitter.com/nec0hdisscj
– Watcher.guru (Watchergaru) February 24, 2025
Shelter
Some investors resort to a past that have not yet been subjected to the market forces to receive the storm. Among the most popular now pRojects like Solaxy (Solx)and BTC Bull Token (BTCBLL) and Bibi’s mind (mind)
Solaxy is the first solution to expand layer 2 for Solana, and has collected more than 23.4 million dollars through a period before it until now.
BTC Bull Token is the Mimi currency that offers free BTC to the distinctive code holders when Bitcoin achieves specific prices for the first time, while Mind AI’s advanced agent that can discover new trends in the early encryption market.
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