5 must-read articles at night | 11 pictures to understand the crypto market in June

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1. Who is selling “value coins” as the market plunges?

On July 5, the crypto market experienced another big dive, with Bitcoin falling to around $54,000, and more Altcoin have even fallen below the lows of the 2022 bear market. Click to read

2. What does it mean when Bitcoin falls below $55,000? Which groups will suffer the most?

As BTC prices fall to the $55,000 region, many digital asset investors can sense a degree of fear and bearishness. This is not uncommon when market volatility stagnates and goes dormant, and apathy creeps in. Click to read

3. When will this market downturn end?

The past few months have been tough for cryptocurrencies. While BTC’s price hasn’t dropped much from its all-time high, there are many Altcoin that have seen their prices drop by more than 60-70% over the past few months. Why did this happen? Click to read

4. How to survive the garbage time in the crypto?

What is historical garbage time? In short, it is when a certain period of history violates the laws of economics, and it is difficult for individuals to reverse the situation, and the overall trend seems doomed to fail. Click to read

5.11 charts to understand the crypto market in June

Most crypto metrics continued to decline in June. Total on-chain transaction volume fell 13.4% to $338 billion (BTC: -13.4%, ETH: -13.4%): Stablecoin on-chain transaction volume fell 4.5% to $839.6 billion; issued supply increased 0.4% to $142.6 billion, of which USDT and USDC accounted for 79.1% and 17% of the market share respectively. Click to read

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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