{"id":611721,"date":"2024-12-20T09:11:25","date_gmt":"2024-12-20T09:11:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=611721"},"modified":"2024-12-20T09:11:25","modified_gmt":"2024-12-20T09:11:25","slug":"buy-the-dip-mentions-soars-to-8-month-high-amid-crypto-crash","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/buy-the-dip-mentions-soars-to-8-month-high-amid-crypto-crash","title":{"rendered":"\u201cBuy The Dip\u201d Mentions Soars To 8-Month High Amid Crypto Crash"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The number of &ldquo;buy the dip&rdquo; mentions on social media platforms has reached its highest level since April after the crypto market cap plunged 6% and meme coins shed more than 9% of their value in the last 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&ldquo;With Bitcoin falling as low as $95.5K today, the ratio of crypto discussions that are about buying crypto&rsquo;s dip has reached its highest level in over 8 months,&rdquo; said the on-chain analytics firm Santiment in a Dec. 19 X<\/span><a href=\"https:\/\/x.com\/santimentfeed\/status\/1869897286714794268\"><span style=\"font-weight: 400;\"> post<\/span><\/a><span style=\"font-weight: 400;\">. &ldquo;The last time we saw the crowd nearly this enthusiastic about dip buying was the major crash on August 4th. Since that time, Bitcoin&rsquo;s market cap is +81% higher.&rdquo;<\/span><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107390704-1711024718970-gettyimages-2070072683-economou-notitle240310_npNsE.jpeg?v=1721936490&amp;w=1858&amp;h=1045&amp;vtcrop=y\" alt=\"Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged\"><\/p>\n<h2><span style=\"font-weight: 400;\">Bitcoin Drags Crypto Market Down After Falling Below $100K<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Crypto market leader <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-slides-but-crypto-all-stars-raises-1-million-in-a-day-only-24-hours-before-presale-ends\"><span style=\"font-weight: 400;\">Bitcoin<\/span><\/a><span style=\"font-weight: 400;\"> (BTC) dropped below $100K in the last 24 hours, and has since been unable to recover. As of 1:34 a.m. EST, the largest crypto by market cap trades at $96,490.59, which marks a more than 4% price decrease compared to the day before.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pull back in BTC&rsquo;s price comes after US Federal Reserve Chair Jerome Powell said the central bank will maintain a <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-plunges-then-reclaims-100k-amid-fed-caution-on-rate-cuts-as-meme-coins-tumble\"><span style=\"font-weight: 400;\">cautious<\/span><\/a><span style=\"font-weight: 400;\"> stance on rate cuts in 2025. He also said that the Federal Reserve is not allowed to hold BTC, which poses a challenge to President-elect Donald Trump&rsquo;s plans to create a strategic Bitcoin reserve.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Federal Reserve Chair Jerome Powell says the  Fed is \"not allowed to own Bitcoin\"<\/p>\n<p>They weren't allowed to own Corporate Bonds before Covid either.<\/p>\n<p>Rules change&hellip; &#128521; <a href=\"https:\/\/t.co\/3UBBUuKtdF\">pic.twitter.com\/3UBBUuKtdF<\/a><\/p>\n<p>&mdash; Bitcoin Archive (@BTC_Archive) <a href=\"https:\/\/twitter.com\/BTC_Archive\/status\/1869503363970425201?ref_src=twsrc%5Etfw\">December 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Crypto investor sentiment subsequently took a knock, with the market&rsquo;s overall <\/span><a href=\"https:\/\/www.coingecko.com\/\"><span style=\"font-weight: 400;\">valuation<\/span><\/a><span style=\"font-weight: 400;\"> sliding more than 6% in the past 24 hours.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Meme Coins Could Be The Best Opportunity To Buy The Dip<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Meme coins were among the biggest 24-hour losers in the market, with their combined capitalization plunging over 9%. Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE), the largest meme coins by market cap, all saw their prices plummet more than 10% in the last 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sudeng (HIPPO) suffered the biggest 24-hour loss in the lighthearted sector of the crypto market. After a 21% correction, the crypto&rsquo;s weekly performance has been pushed deeper into the red zone.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/ark-invest-dumps-3-9-million-in-coinbase-shares-amid-10-price-drop-and-fed-rate-cut-caution\"><span style=\"font-weight: 400;\">Ark Invest Dumps $3.9 Million In Coinbase Shares<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/viral-meme-coin-catslap-will-burn-1-million-in-slap-tokens-on-december-20th-price-surge-expected\"><span style=\"font-weight: 400;\">Catslap Will Burn $1 Million In SLAP Tokens On December 20th<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-fartcoin-fartcoin-soars-38-and-this-might-be-the-next-crypto-to-explode\"><span style=\"font-weight: 400;\">Fartcoin Price Soars 38%, But Traders Rush To Buy This Meme Coin <\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - Wall Street Pepe<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div 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Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1954,"featured_media":611723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-611721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u201cBuy The Dip\u201d Mentions Hit 8-Month High Amid Crypto Crash<\/title>\n<meta name=\"description\" content=\"Mentions of \u201cbuy the dip\u201d on social media hit an 8-month high after the crypto market cap tumbled 6% and meme coins plunged more than 9%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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