The cryptocurrency market experienced a significant sell-off, with Bitcoin dropping to a two-month low and causing $1 billion in losses. Other altcoins, including Dogecoin, Ripple, Litecoin, and Solana, also experienced losses. However, meme cryptocurrencies like Dogecoin and Shiba Inu saw price increases.

The top-performing cryptocurrencies in the past 24 hours were INJ, HBAR, and RUNE, with INJ and HBAR seeing price increases and RUNE increasing by nearly 40% this week. Despite Coinbase Ventures' recent investment in Rocket Pool, RPL token prices decreased by almost 5%.