“Buy The Dip” Mentions Soar To 8-Month High Amid Crypto Crash

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The
number
of
“buy
the
dip”
mentions
on
social
media
platforms
has
reached
its
highest
level
since
April
after
the
crypto
market
cap
plunged
6%
and
meme
coins
shed
more
than
9%
of
their
value
in
the
last
24
hours.


“With
Bitcoin
falling
as
low
as
$95.5K
today,
the
ratio
of
crypto
discussions
that
are
about
buying
crypto’s
dip
has
reached
its
highest
level
in
over
8
months,”
said
the
on-chain
analytics
firm
Santiment
in
a
Dec.
19
X



post
.
“The
last
time
we
saw
the
crowd
nearly
this
enthusiastic
about
dip
buying
was
the
major
crash
on
August
4th.
Since
that
time,
Bitcoin’s
market
cap
is
+81%
higher.”

Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged


Bitcoin
Drags
Crypto
Market
Down
After
Falling
Below
$100K


Crypto
market
leader



Bitcoin


(BTC)
dropped
below
$100K
in
the
last
24
hours,
and
has
since
been
unable
to
recover.
As
of
1:34
a.m.
EST,
the
largest
crypto
by
market
cap
trades
at
$96,490.59,
which
marks
a
more
than
4%
price
decrease
compared
to
the
day
before.


The
pull
back
in
BTC’s
price
comes
after
US
Federal
Reserve
Chair
Jerome
Powell
said
the
central
bank
will
maintain
a



cautious


stance
on
rate
cuts
in
2025.
He
also
said
that
the
Federal
Reserve
is
not
allowed
to
hold
BTC,
which
poses
a
challenge
to
President-elect
Donald
Trump’s
plans
to
create
a
strategic
Bitcoin
reserve.


Crypto
investor
sentiment
subsequently
took
a
knock,
with
the
market’s
overall



valuation


sliding
more
than
6%
in
the
past
24
hours. 


Meme
Coins
Could
Be
The
Best
Opportunity
To
Buy
The
Dip


Meme
coins
were
among
the
biggest
24-hour
losers
in
the
market,
with
their
combined
capitalization
plunging
over
9%.
Dogecoin
(DOGE),
Shiba
Inu
(SHIB)
and
Pepe
(PEPE),
the
largest
meme
coins
by
market
cap,
all
saw
their
prices
plummet
more
than
10%
in
the
last
24
hours.


Sudeng
(HIPPO)
suffered
the
biggest
24-hour
loss
in
the
lighthearted
sector
of
the
crypto
market.
After
a
21%
correction,
the
crypto’s
weekly
performance
has
been
pushed
deeper
into
the
red
zone.


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