Bitcoin loses $66,000! However, TON ecological meme coins REDO, RECA, TINU and TOGE bucked the trend and soared.

This site (120bTC.coM): CoinGecko market data shows that although the cryptocurrency market generally weakened today (17th), Bitcoin even fell below 66,000 US dollars several times, but the deployment The Meme coin on The Open Network (TON) bucked the trend and experienced waves of upward trends.

As of the time of writing, the overall market value of TON ecological meme coins exceeds 165 million US dollars, a surge of 27.2% in the past 24 hours, including Resistance Dog (REDO), The Resistance Cat ($RECA), TonInu (TINU) and TOGE (TOGE) rose 17.9%, 59.1%, 4.9% and 29% respectively.

In comparison, the overall cryptocurrency market value shrank by 0.4% to $2.53 trillion. In terms of currency prices, Bitcoin is currently trading at $65,829 and Ethereum is at $3,532. Both major cryptocurrencies fell by about 1% today.

As for TON’s native token, Toncoin (TON), it fell by 1.5%, reaching US$7.75 at the time of writing. At the same time, Meme coins with higher market value such as Dogecoin (DOGE) and Shiba Inu Coin (SHIB) also fell.

Potential Cryptocurrency Winter Catalysts

Bitfinex analysts pointed out some catalysts that may trigger the "next cryptocurrency winter" and revealed: Regulatory crackdown is a major factor that may trigger a cryptocurrency winter. Factors such as increasing regulatory scrutiny and tighter regulations could reduce investor confidence, leading to a market sell-off.

In addition, analysts also believe that if the global economy deteriorates significantly or a major financial crisis breaks out, these factors may also lead to a large-scale cryptocurrency sell-off.

Bitfinex analysts also mentioned that market saturation may be a potential factor triggering the cryptocurrency winter. They said: When prices reach unsustainable levels, historical patterns show that the initial post-halving bull phase is often followed by a significant pullback, a natural correction driven by profit-taking and market saturation.

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