CoinWorld.com Report:
1. Market Plunges: Who’s Selling “Value Coins”?
On July 5th, the crypto market once again experienced a significant plunge, with Bitcoin dropping to around $54,000, while many altcoins have even fallen below their lows from the 2022 bear market.
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2. What Does Bitcoin Dropping Below $55,000 Mean? Which Groups Suffer the Most Losses?
As BTC prices fell below the $55,000 mark, many digital asset investors are experiencing varying degrees of fear and bearish sentiment. Such scenarios are not uncommon when market volatility stagnates and indifference prevails.
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3. When Will This Market Downturn End?
For cryptocurrencies, the past few months have been challenging. Despite BTC’s price not significantly dropping from its all-time high, many altcoins have seen declines of over 60-70% in recent months. What has led to this situation?
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4. How to Navigate the Crypto Market’s Junk Time?
What constitutes historical junk time? Simply put, it’s when a period of history defies economic norms, and individuals struggle to reverse the situation, seemingly destined for overall failure.
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5. Understanding June’s Crypto Market in 11 Images
In June, most crypto metrics continued to decline. On-chain total transaction volume dropped by 13.4% to $338 billion (BTC: -13.4%, ETH: -13.4%); stablecoin on-chain transaction volume decreased by 4.5% to $839.6 billion; issued supply increased by 0.4% to $142.6 billion, with USDT and USDC holding 79.1% and 17% of the market share respectively.
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