# Memecoin Bloodbath as Bitcoin Rises

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/memecoin-bloodbath-as-bitcoin-rises
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/memecoin-bloodbath-as-bitcoin-rises.md
Podcast: [Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-06-05T16:31:32+00:00
Episode link: https://api.fastcast.ai/audio/6cd2e562-02a3-456f-9e80-a1fef80ff974.mp3
Audio file: https://api.fastcast.ai/audio/6cd2e562-02a3-456f-9e80-a1fef80ff974.mp3
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Duration seconds: 108

## Resource

Memecoin prices took a nosedive this week as Dogecoin and Shiba Inu both fell nearly 9%, coinciding with Bitcoin flirting with the $60K mark. The sell-off reflects broader crypto market weakness, with speculative coins bearing the brunt as futures traders pull back. Despite signs of accumulation—massive off-exchange moves—prices keep falling, suggesting momentum and market sentiment outweigh technical signals. Dogecoin broke a key four-month uptrend, signaling potential deeper downside, while Shiba Inu remains weak, stuck below moving averages and making lower lows. Buyers need to step in to reclaim old support levels before further drops become likely. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/4b62dcc09879ac80

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## Transcript

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