The cryptocurrency market experienced a downturn as meme coins and DeFi sectors led the decline, with ZEC plummeting over 15%. This market shift comes as Wall Street adopts a cautious stance ahead of key employment data and a Supreme Court ruling on tariffs. Major cryptocurrencies like ETH, SOL, and DOGE also saw declines between 2% and 6%, while POL, CC, and WLFI fell more than 2%.
Bitcoin continued its downward trend, falling below $90,000 during the Asian trading session, marking a retreat from its recent level of around $93,600. The flagship cryptocurrency has decreased nearly 2%, with a short-term support level identified near $89,200, aligning with the 50-day simple moving average.
Meme Coins and DeFi Lead Crypto Market Decline as ZEC Drops 15%
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