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MemeCore (M) plummeted again, Bitcoin (BTC) pointed to US$63,000: Market Observation

2026-07-09 18:35:45
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Bitcoin has continued to fluctuate relatively slightly in the past 24 hours, with the asset once again falling below $62,000, before recovering more than $1,000, but again blocked. Most large-cap altcoins remain weak daily, with ETH struggling around $1,750, while XRP competing at the $1.10 level.

BTC challenges US$63,000

After a miserable start at the beginning of the month, Bitcoin fell below US$58,000, setting a nearly two-year low. The cryptocurrency then attempted to rebound significantly, quickly rising above US$60,000 and reaching US$63,000 over the weekend. Bulls continued to step on the gas, and Bitcoin jumped to $64,000 at the opening of trading on Monday. However, Strategy\'s massive sell-off caused it to immediately fall back to $61,200, where BTC gained support and rebounded strongly. Within hours, it soared to $64,600. However, this was another short-term rally, which fell back again on Wednesday. This time, as mentioned above, it fell to $61,600. It has since rebounded more than $1,000, and although blocked at $63,200, it is still close to $63,000, with the daily line rising slightly. Its market value on CG has risen to US$1.260 trillion, while its market share of altcoins remains at 56.5%.

M plummeted, ARB and SKY rose

Most large-cap altcoins have little movement within 24 hours. ETH remains close to $1,750, BNB is slightly above $570, and XRP competes for $1.10 support. SOL, HYPE, RAN, ZEC and XLM were down, while CC, TRX and DOGE recorded small gains. ARB and SKY had the largest daily gains. Both rose about 9% to $0.085 and $0.058, respectively. In comparison, MemeCore plunged 19% to $1.21. BEAT and JUP followed closely, with declines of about 5-6%. The total market value of all crypto assets has rebounded to US$2.240 trillion on CG.

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