Market Caution Prevails: Meme Coins and DeFi Sector Lead Declines, ZEC Falls Over 15%

Odaily According to CoinDesk, as Wall Street turned cautious ahead of Friday's jobs data and the Supreme Court's tariff ruling, assets that had performed well recently, such as meme coins, suffered heavier blows than major cryptocurrencies. Market sentiment turned pessimistic, with ETH, SOL, and DOGE falling between 2% and 6%, POL, CC, and WLFI dropping around 2%, and ZEC plunging over 15%. Bitcoin fell below $90,000 during Asian trading hours, extending its retreat from around $93,600, with a recent drop of nearly 2%. Near-term support is seen around $89,200, near the 50-day simple moving average.