DeFi News Today Official TheBitTimes.com

The entire cryptocurrency market was painted red over the past 24 hours. The meme coin market, in particular, took a massive hit. Assets like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) took a backseat. PEPE recorded a new all-time high of $0.00002825 just eleven days ago. But now, the meme coin is trading 45% below its peak. Will the asset recover during the weekend and bring in gains for PEPE investors? Also Read: From $90 to $3.25M in Just 2 Days: Crypto Trader Racks Up 3.5M% Gain! PEPE Records Double-Digit Drop Source: CoinGape Over the past 24 hours, the meme coin recorded a massive downfall of 20%. At the time of writing, PEPE was trading at $0.00001544. The cryptocurrency was trading at a high of $0.00001960 earlier today. Source: CoinMarketCap The latest drop in the asset was related to the overall market downfall. The cryptocurrency market hit resistance levels and was seen taking a break from the recent spike in response to a difficult stretch for US stock markets...

The Bitcoin price plunged 2% in the last 24 hours to trade at $87,348 as of 3.50 a.m. EST on trading volume that dropped 19% to $117.82 billion. The world’s oldest and largest cryptocurrency saw a very successful week of growth which allowed its price to hit a new all-time high of almost $90k. However, since then, the coin saw a correction as some traders inevitably decided to sell and take profit. Still, Bitcoin is still lingering in the area thanks to multiple strong supports and the fact that the general sentiment is still overwhelmingly bullish. Donald Trump’s victory in last week’s US election has boosted optimism over a new bull run and possible altcoin season, sending cryptos on massive gains over the past week. BTC’s market cap has even overtaken that of silver, allowing it to become the 8th-largest asset in the world. Bitcoin Price Prediction As mentioned, the Bitcoin price corrected after nearly hitting $90k per coin. However, there is also a solid...