Bitcoin's recent flash crash, dropping nearly 10% to $94,150, has negatively impacted meme coins like Dogecoin, Shiba Inu, and Pepe, leading to double-digit losses across the top 10 tokens. Despite this downturn, historical trends suggest a potential recovery for meme coins as the holiday season approaches, with significant year-to-date gains still evident. Traders are advised to monitor Bitcoin's price closely, as its fluctuations heavily influence the meme coin market.