Market Dynamics of #meme币狂欢

1. Cryptocurrency Collective Decline

Bitcoin fell over 2% to $82,554, Ethereum dropped nearly 4%, and Dogecoin declined almost 6%. The market fear and greed index rose to 32 (fear state), with over $300 million liquidated in the last 24 hours.

Related event: After the US elections, cryptocurrency trading volume plummeted by 70%, falling back to $35 billion (peak at $126 billion).

2. Bitcoin Dominance Hits New High

Bitcoin's market dominance climbed to 58.8%, the highest since early 2021, with prices stabilizing around $91,500, primarily driven by whale accumulation and institutional buying (such as MicroStrategy, GameStop).