Odaily Planet Daily News: As Wall Street turned cautious ahead of Friday's employment data and the Supreme Court's ruling on tariffs, assets that had recently performed well, such as Meme coins, suffered more significant declines than major cryptocurrencies. Market sentiment in the crypto space turned pessimistic, with ETH, SOL, and DOGE falling between 2% and 6%, while POL, CC, and WLFI dropped more than 2%. ZEC fell over 15%. Bitcoin fell below $90,000 during the Asian trading session, continuing its pullback from a level around $93,600. It has recently declined nearly 2%, with a short-term support level near $89,200, which is the 50-day simple moving average. (CoinDesk)
Meme Coins and DeFi Sectors Lead Market Decline as ZEC Falls Over 15%
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Summary
Market caution increased as the fear and greed index declined, with Meme coins and DeFi assets leading the market's pullback. ZEC fell more than 15%, while ETH, SOL, and DOGE dropped between 2% to 6%. POL, CC, and WLFI lost over 2%. Bitcoin slipped below $90,000 during Asian trading hours, continuing its decline from $93,600.
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