Bitcoin, along with the long-standing meme, has entered a correction phase, with the "114514" price level dropping over 90% in a single day.
TL;DR
Bitcoin corrected to $92,488 after a surge, while meme coin '114514' crashed over 90% in a day, dropping its market cap from $57.03M to $3.91M. Other meme coins like PEPE, BONK, and BOME also declined significantly.
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On January 7th, according to HTX market data, Bitcoin experienced a correction after its initial surge at the beginning of the year. As of press time, it was priced at $92,488. "114514," which sparked a meme craze yesterday, reached a record high market capitalization of $57.03 million, but has since plummeted by over 90% in a single day, now standing at only $3.91 million. Previously strong meme coins have also seen a decline from their recent rebound highs, including:
PEPE fell 10%, currently trading at $0.00000653.
NEIRO fell 9.34% to $0.000143.
FLOKI fell 9.64% to $0.0000559.
Pengu fell 7.36% to $0.0128.
· BONK fell 13.51%, currently trading at $0.0000116.
PNUT fell 14.66% and is currently trading at $0.09.
BOME fell 11.84% and is currently trading at $0.000774.