According to Mars Finance, as Wall Street became cautious ahead of Friday's jobs data and the Supreme Court's tariff ruling, recently high-performing assets like Meme Coin suffered a greater blow than major cryptocurrencies, leading to a pessimistic sentiment in the cryptocurrency market. ETH, SOL, and DOGE fell between 2% and 6%, POL, CC, and WLFI dropped by about 2%, and ZEC fell by more than 15%. Bitcoin broke below $90,000 during Asian trading hours, continuing its pullback from around $93,600, with a recent decline of nearly 2%. Short-term support is around $89,200, which is the 50-day simple moving average.
Market caution spread, with Meme coins and DeFi sectors leading the decline, and ZEC falling by more than 15%.
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