Posted 12/26/2023, 6:49:33 PM
Bitcoin Slips Below $42K as Memecoin Rally Stalls Ahead of Volatile Options Expiration
- Bitcoin dropped below $42,000 for the first time in a week
- Recent rally in memecoins like Dogwifhat and Bonk showing signs of stalling
- Bitcoin has surged 150%+ this year on optimism for SEC approval of a Bitcoin ETF
- Some memecoins like Dogwifhat have jumped 1,000%+ in days despite trading at a fraction of a cent
- Investors anticipating volatility around Bitcoin options expiration on Dec. 29