Crypto Market Sees Mixed Movement as Memecoins Surge While Bitcoin and Ethereum Decline

Bitcoin and Ethereum traded lower while Dogecoin spiked as the crypto market cap declined 0.3% to $1.3 trillion.

Memecoins like Floki and Dogecoin saw upward momentum, with Floki up 31% in 24 hours.

U.S. GDP rose 4.9% in Q3, beating expectations, while jobless claims increased to 210,000.

Analysts say crypto markets are correcting and advise not to panic, as corrections are part of the game.

Assets like Ethereum, Cardano, and Stellar have been under the radar despite most crypto flourishing in late October.