#MarketPullback $BTC The cryptocurrency market saw another decline on Dec. 10, 2024, with Bitcoin dropping below $95,000 for the second time in recent days, causing widespread liquidations.

Meme coins in particular have experienced some of the most severe losses. Dogecoin (DOGE), after briefly surging to a multi-year high of $0.485, fell 12% in the past 24 hours, now trading below $0.40. Shiba Inu (SHIB) dropped 15% to $0.000025, while other meme coins such as FLOKI, BONK and WIF all suffered declines of about 20%. FLOKI struggled to hold above $0.00022, while BONK was trading as low as $0.00034. Despite the recent setbacks, these meme coins still dominate the market in terms of social engagement, with Dogecoin and Shiba Inu remaining among the top 20 assets by market cap.

The losses for meme coins were compounded by a broader market correction that saw a significant decrease in the prices of large-cap altcoins. In the wake of Bitcoin's dip, meme coins faced extreme volatility. Dogecoin’s price continued to struggle, marking a 10% drop, after briefly falling below $0.39 on Monday. The situation echoed the woes of other meme tokens like BONK and FLOKI, which had seen similar declines of 16% and 15% respectively. The meme coin market’s risk is particularly evident during corrections like the current one, wherein sudden price drops, often due to speculative trading, lead to sharp corrections.