Crypto Market Dip: Bitcoin Falls 3% But Memecoins Rally

The cryptocurrency market experienced a notable dip today as Bitcoin fell 2.88% to trade around $64,045. However, memecoins showed remarkable strength with Cardano (ADA) surging 6.81%, Dogecoin (DOGE) jumping 6.41%, and XRP rising 6.05%.

Institutional news provided a bullish backdrop as Morgan Stanley revealed plans to seek a crypto bank charter, signaling growing mainstream adoption.

Source: Market Data

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