The cryptocurrency market experienced a sharp decline, with Bitcoin failing to hold above $100,000 and dropping to $95,200. Meme coins suffered the most, with Floki Inu (FLOKI) and Bonk (BONK) losing about 14% each. Ai16Z (AI16Z) also experienced a 13.9% decrease. Dogecoin (DOGE) and Shiba Inu (SHIB) posted double-digit losses. U.S. Dollar Tether (USDT) replaced XRP as the second-largest altcoin. Only two altcoins, SPX6900 (SPX) and Fasttoken (FTN), saw growth amid the market decline. The Crypto Fear and Greed Index dropped to its lowest level since January 2.



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