Bitcoin
prices bounced off the level of $30,000 per coin to drop to $22,000. A recent
breakthrough of the $30,000 level could be considered false if prices dive
below $27,000. These fluctuations are happening without any major upside
reasons for the market, meaning that cryptocurrencies are likely to return into
correction mode to test new lows.
Meme coins,
that are usually depicted from comical or animated memes and have little or no
intrinsic value, are rallying to two-year highs. Coins like Pepe coin have
easily crossed the $1 billion market cap threshold terrifying investors.