Cryptocurrency Market Faces Decline Amid Wall Street Caution

According to ChainCatcher, the cryptocurrency market has turned pessimistic as Wall Street exercises caution ahead of Friday's employment data and the Supreme Court's tariff ruling. Assets like meme coins, which have recently performed well, are experiencing greater setbacks compared to major cryptocurrencies. Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) have seen declines ranging from 2% to 6%, while Polkadot (POL) and WLFI have dropped around 2%. Zcash (ZEC) has experienced a significant decrease of over 15%. Bitcoin fell below $90,000 during the Asian trading session, continuing its retreat from approximately $93,600. The recent decline is nearly 2%, with short-term support found near $89,200, which aligns with the 50-day simple moving average.