Market review🧐
Global news and particularly rising tensions in the Israel‑Iran conflict pressured crypto sentiment throughout today. Traditional safer‑haven assets like gold and the U.S. dollar have received inflows, while more speculative tokens see accelerated outflows .
Notably, meme‑coins PEPE and FLOKI are bearing the brunt of this risk‑off environment. PEPE has tumbled roughly and FLOKI is down over the past 24 hours. This reflects broader meme‑coin sentiment, which saw a ~3% shrink in total market cap.
On‑chain data shows large holders (“whales”) unloading FLOKI, compounding bearish pressure after a previous ~6.3% slide.
Macro factors such as rising oil prices from the conflict are pushing inflation expectations higher, complicating the Fed’s policy outlook and dragging down speculative crypto assets .
Bitcoin and Ethereum also slipped earlier this week—Bitcoin briefly dipped below $103k—before modest recovery, but meme‑coins lack the same resilience.
In summary, today’s war‑driven headlines have intensified profit‑taking in high‑beta assets. PEPE and FLOKI are showing steep losses and may be a good buy now! Unless conflict eases, expect continued volatility, especially in meme‑coins, while risk‑averse capital gravitates toward traditional hedges. Good luck! $FLOKI
