๐จ Weekend Crypto Crash: Dogecoin Dives, Pepe Plunges & Bitcoin Wobbles ๐ณ๏ธ๐
๐ถ $DOGE coin & ๐ธ $PEPE Lead the Drop
Crypto markets turned red over the weekend, with Dogecoin (DOGE) tumbling 8% and Pepe (PEPE) crashing by 12%. The meme coin mania took a hit, leading a broader altcoin sell-off. ๐๐
โฟ Bitcoin Slides Amid Whale Moves
Bitcoin (BTC) dropped over 2%, hovering just above $103,600, as whale wallets shifted to net sellingโa classic sign of profit-taking. The CoinDesk 20 index also fell 4.2%, reflecting widespread market weakness. ๐๐ธ
๐ง Whatโs Driving the Dip?
Market analysts blame renewed U.S.โChina trade tensions for the turbulence.
๐ฌ Reports of stalled talks and tariff worries reignited investor fears, triggering a wave of risk-off sentiment across global assets.
๐ Altcoins Follow Suit
๐ Ethereum (ETH) slipped nearly 4%,
๐ XRP, BNB, ADA, and SOL dropped 2โ5%.
Surprisingly, Cronos (CRO) emerged as the only top-100 gainer, up 12%, despite no clear catalyst. ๐ข๐
โ ๏ธ Signs of Caution
Derivatives data paints a cautious picture:
๐ Open interest in Bitcoin futures is up 51% since April.
๐ Bitcoin options ballooned 126%, showing traders hedging or bracing for more swings.
๐ฎ Whatโs Next?
With whales pulling back and tariff fears still looming, analysts expect continued volatility.
๐ก๏ธ Local support for Bitcoin is strong around $103K, but traders are watching for further moves as macro tensions unfold.
๐ Follow for more real-time updates as the crypto market navigates global headwinds.