Crypto Market Cap Slumps Below $3.9 Trillion as Memecoin Prices Take a Nosedive

The cryptocurrency market experienced a significant drop today, with the total market capitalization falling below the $3.9 trillion mark. A dip of 2.5% attributed to investor caution and short-term market uncertainties saw memecoins heavily affected, dropping almost 8% in just 24 hours. This reversal comes after weeks of significant gains fueled by community hype and speculative trading.