Why is the crypto market going down today (May 18)

Key takeaways Dogecoin extends its correction on Monday as memecoins record huge losses. DOGE could drop below $0.10 if the bearish trend persists.  Memecoins record huge losses The cryptocurrency market opened the new weekly candle bearish, with Bitcoin (BTC) slipping below the $77,000 level on Monday and risk appetite deteriorating across digital assets. Meme coins […] The post Meme coins remain under pressure as Dogecoin extends losses appeared first on CoinJournal.

The chief executive of the largest bank in the US warns that markets are flashing froth while trading at all-time high levels. In a new Bloomberg interview, Jamie Dimon says he’s seeing signs of excess in the markets. He also notes that investors appear to be taking more risks, despite ongoing geopolitical tensions in Europe […] The post JPMorgan’s Jamie Dimon Warns of ‘Too Much’ Market Exuberance, Names Complex Issues That Could Affect Equities appeared first on The Daily Hodl.

Rising oil prices and bond selloff signal potential economic instability, prompting concerns over inflation and future Fed rate hikes. The post US dollar steady as oil prices rise amid bond selloff appeared first on Crypto Briefing.

Upbit listing sparked TRAC’s sharp liquidity-driven rally. OriginTrail (TRAC) broke above major EMAs with strong bullish momentum. The key support at $0.351 may decide the next price direction. OriginTrail (TRAC) posted one of the strongest performances in the crypto market on May 18, sending the token sharply higher even as broader digital assets faced downward […] The post OriginTrail (TRAC) jumps over 75% on Upbit listing: here’s how high it could go appeared first on CoinJournal.

Bitcoin fell below $77,000 on Monday, extending a four-day losing streak, triggering $657 million in total liquidations across crypto markets in 24 hours, with long positions bearing the brunt of the pain. BTC Flash Crash Wipes $584 Million in Longs Bitcoin’s latest decline pushed the asset below the $77,000 mark for the fourth consecutive day […]

Fundstrat's Tom Lee pointed out an inverse correlation between crude and Ether as oil surged back to around $110 on Monday.

The attack highlights vulnerabilities in Gulf energy infrastructure, potentially increasing geopolitical tensions and impacting global oil markets. The post Oil touches two-week high after drone attack on UAE nuclear plant appeared first on Crypto Briefing.

90% of the liquidations took place within an hour or so when BTC dumped to well below $77,000.