Memecoins Suffer Sharp Losses as Bitcoin’s Price Dips Below $70,000

• Mog Coin (MOG) crashed a whopping 9.96% in the past 24 hours.
• NEIRO and BRETT also dropped 10.8% and 7.55%, respectively.
• POPCAT and DOGE are up 56.69% and 46.46% in the past 30 days.

Memecoins experienced a significant crash after Bitcoin (BTC) fell below $70,000, signaling a bearish trend for the entire industry. The entire memecoins valued at $63.5 billion, lost 5.9% of its value in the past 24 hours, with a trading volume of $8.69 billion.

Almost every memecoin stayed in the red, with the biggest losers being Mog Coin (MOG), Popcat (POPCAT), Brett (BRETT), and Neiro (NEIRO). Bonk (BONK), dogwifhat (WIF), Dogecoin (DOGE), and Shiba Inu (SHIB) also declined in the past 24 hours.

According to the data from CoinMarketCap, MOG fell 9.96% in the past day and is trading at $0.051927, down 20.88% from its all-time high of $0.052445. However, the cryptocurrency has jumped 28.77% in the past 30 days and is up 2775.73% since October 2023.

BRETT is trading at $0.08884, down 7.55% in the past 24 hours. The altcoin is down 53.95% from its all-time high of $0.1939, reached in June of this year. In the past month, BRETT has risen only 1.81%, but the memecoin has su…

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