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The cryptocurrency sector crashed, with Bitcoin briefly falling below $50,000. The meme coin’s overall market capitalization tumbled by 23%, with major coins like Dogecoin, Shiba Inu, and others experiencing double-digit losses.
However, some metrics suggest a potential rebound for SHIB, with its RSI falling below 20 and exchange netflows showing reduced selling pressure.The cryptocurrency market crashed in the past 24 hours, with Bitcoin briefly slipping under the psychological level of $50,000 and Ethereum The niche’s market capitalization has collapsed by a staggering 23% daily, currently standing at around $33 billion.
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