Crypto
Floki (FLOKI) Slumps as Bitcoin Dives Below $77,500
Floki (FLOKI) is currently trading around $0.00002400 after experiencing an 8.6% decline over the past seven days.
The market's macro environment has become increasingly bearish, with Bitcoin (BTC) slipping below $77,500 and a 66% probability of a rate hike in September, according to CME FedWatch pricing as of September 2nd.
This downturn is having a significant impact on FLOKI, which is considered pure speculative beta. The meme-coin complex dropped more than 3% on September 2nd alone, and FLOKI's chart structure offers bulls little hope for recovery.