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Bitcoin Loses 10% on the Week as Memecoins Tumble

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coindesk.com/markets/2023/05/12/bitcoin-loses-10-on-the-week-as-memecoins-tumble

has plunged more than 10% over the past 7 days to a two-month low just above $26,000 alongside a sizable reversal in the previous red-hot memecoin sector.
The world’s largest cryptocurrency traded at around $26,300 at press time, a level not seen since March 17. Bitcoin’s high for the week came on Wednesday morning when it rose to $28,300 following softer than expected CPI…

This story from coindesk.com was posted on 2023-05-12 by @starfly.

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