Investors Shift Focus from Meme Coins DOGE and SHIB to Bitcoin Amid Market Downturn
As meme cryptocurrencies Dogecoin (DOGE) and Shiba Inu (SHIB) face continued price struggles in April 2025, market participants are increasingly reallocating capital back to Bitcoin (BTC). The trend reflects growing risk aversion among crypto traders, with Bitcoin’s relative stability and institutional adoption appearing more attractive compared to speculative meme assets. This rotation comes despite Bitcoin trading below its all-time high, suggesting investors may be prioritizing store-of-value characteristics over short-term speculative gains.
Crypto Lives
The meme coin correction comes while the global crypto market capitalization increased by 0.9% to $2.7 trillion, according to CMC data.
Bitcoin BTC $84 795 24h volatility: 0.8% Market cap: $1.68 T Vol. 24h: $26.24 B gained 1% in the past 24 hours and is trading above $85,500 at the time of writing. Its market cap reached $1.7 trillion with a daily trading volume of $28.7 billion.
As the market regains bullish momentum, the US-based spot BTC exchange-traded funds finally recorded a net inflow of $1.5 million on April 14, according to data from SoSoValue.
The declining meme coin market cap and trading volume suggest that investor interest in speculative assets might be fading away.
To confirm this, CMC data shows that Bitcoin dominance reached a whopping 63% — a level last seen in January 2021.
However, this doesn’t necessarily mean that meme coins are dead, but that investors prefer stronger assets like Bitcoin as the financial markets wander in macro uncertainty.
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