Crypto Market Downturn Drags Pepe Down 5.43%

The cryptocurrency market experienced a broad selloff, causing Pepe (PEPE) to drop by 5.43% over the last day.

This decline is attributed to a combination of factors, including the overall crypto market downturn, weakness in the meme-coin sector, and short-term selling pressure from whales and technical traders.

The total crypto market cap decreased by about 1.6%, falling from approximately $2.14 trillion to $2.11 trillion.

Bitcoin (BTC) and Ethereum (ETH) dropped around 4-5% in 24 hours, with BTC trading near $59-60 thousand dollars and ETH under $1,600 dollars.