Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000

Dogecoin and Shiba Inu plummet 9% as heavy volume and liquidations overwhelm support levels, exacerbating a broader risk-off move across crypto markets. This decline comes as bitcoin nears $60,000, potentially signaling a shift in investor sentiment. Market participants are closely watching the situation, with many bracing for further volatility in the coming days amidst a cautious crypto landscape.