Market Selloff

Major cryptocurrencies fell as a global tech-stock selloff hit risk assets and pressured altcoins more than bitcoin. Traders are now watching Bitcoin’s historically important $50,000 to $60,000 zone for signs of buyer interest.

MemeCore’s M token fell from about $2.92 to roughly $0.74 in a single day, erasing nearly $3 billion in market value. The move came with thin trading volume and no confirmed exploit, hack, or official announcement to explain the selloff.

Bitcoin weakened toward $62,000 as a broad rout in technology and semiconductor shares dragged risk assets lower for a second straight session. ETF outflows and a looming options expiry added pressure, keeping traders focused on whether $60,000 can hold.