Bitcoin Sinks to Six-Month Low Amid Meme Coin Wipeout

The crypto market is experiencing a downturn, with Bitcoin sliding below $90,000 to hit a six-month low. This marks the worst correction since 2017, with BTC currently sitting at $91,700 and 27% below its all-time high.

The decline has had a ripple effect on altcoins, with leading meme coins extending their losses since the historic October crash. A Dogecoin ETF could be hitting the market soon, as Grayscale aims to convert its existing DOGE trust into a fully tradable product.

The SEC's 20-day window is ticking, and if no objections land, DOGE may debut on the New York Stock Exchange. Meanwhile, Libra-linked wallets withdrew nearly $4 million from the meme coin and transferred it to Solana, securing over $61.5 million in SOL at the dip.