The cryptocurrency market is experiencing a bloodbath on Friday with leading altcoins falling double digits in the charts. The markets are bleeding porously leading to massive losses for investors in the day’s trade. The domino effect started when Bitcoin plummeted nearly 10% in the indices falling to the $54,000 price range. Another round of sell-off could pull BTC below the $50,000 mark. This kick-started a downturn and leading meme currencies like Dogecoin and Shiba Inu faced the brunt of the market.
Also Read: Shiba Inu: What’s The Maximum High SHIB Can Reach in 2024?
Dogecoin fell 15% in the day’s trade and also added an extra zero in the charts on Friday. It is trading at $0.096 today and is attracting bearish sentiments. On the other hand, Shiba Inu fell 15% and is hovering around the $0.000013 mark in the indices. Another downturn could also make SHIB add an extra zero and trade at the $0.000009 range.
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