Crypto Market Volatility Continues: Bitcoin and BRC-20 Tokens Experience Losses and Fees Surge
TL;DR Summary
Bitcoin has dropped over 10% in the past week to a two-month low just above $26,000, while memecoins such as pepecoin, dogecoin, and Shiba Inu have also tumbled. Pepecoin, based on "pepe the frog," debuted in April and quickly rose to a $1 billion valuation, but has since fallen to roughly $560 million. Altcoins such as Aptos, Filecoin, and Aribitrum have also seen losses. Analysts believe bitcoin may face further downside pressure until there is regulatory clarity in the US.
- Bitcoin Loses 10% on the Week as Memecoins Tumble CoinDesk
- BRC-20 tokens lose 600 million in market cap within four days CryptoSlate
- Bitget Will List Ordinals (ORDI) in the BRC20 Zone Benzinga
- Bitcoin Transaction Fees Surge Amid BRC-20 Frenzy CoinDesk
- BRC-20 tokens, a Beginners Guide – Part 1 Altcoin Buzz
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