Market Overview
The crypto market faced a steep downturn, with 98 of the top 100 coins by market cap slipping, leading to a 5.5% drop in total capitalization in the last 24 hours and pulling overall cap below $4 trillion to around $3.97 trillion
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The decline was largely driven by a sharp sell-off in memecoins like Dogecoin, Shiba Inu, and Pepe, causing nearly a $120 billion contraction in market value
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