Bitcoin (BTC) price is in the lower segment of the ascending parallel channel, treading on relatively mucky ground as early profit booking continues. However, strong support is expected lower, marked by the entry price of traders who bought into the ETF narrative.
Shiba Inu (SHIB) is cutting down on the Sunday gains as part of an ongoing meme coin crash. It comes as Bitcoin (BTC) price continues to drop with meme coins known to take their cues from the pioneer cryptocurrency during bull markets.
The price of Dogwifhat (WIF), a Solana-based meme coin, increased sharply on Monday after the purchase of the original picture that inspired the token. The acquisition, for which web3 pioneer Global Coin Research (GCR) paid $4.3 million worth of Ether, comes along Elon Musk’s recent post on X about the meme coin. Both elements have propelled the meme coin’s market capitalization to around $3.21 billion, according to CoinGecko data.
