Coin World Report:
1. Market Plunges, Who is Selling “Value Coins”?
On July 5th, the cryptocurrency market experienced another significant plunge, with Bitcoin dropping to around $54,000. Meanwhile, many altcoins have even dipped below the lows of the bear market in 2022.
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2. What Does Bitcoin’s Drop Below $55,000 Mean? Which Groups Suffer the Most Losses?
As BTC prices fall into the $55,000 range, many digital asset investors are feeling a certain degree of fear and bearish sentiment. Such situations are not uncommon when the market volatility stagnates and enters a state of indifference.
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3. When Will the Current Market Downturn End?
These past few months have been challenging for cryptocurrencies. Although BTC prices haven’t dropped significantly from their all-time highs, many altcoins have experienced declines of over 60-70%. Why has this occurred?
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4. How to Get Through the Garbage Time in the Crypto Space?
What is garbage time in history? In short, it refers to a moment when a certain period violates economic laws, and individuals find it difficult to reverse the situation, seemingly destined for failure.
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5. Understanding June’s Cryptocurrency Market in 11 Charts
In June, most cryptocurrency indicators continued to decline. On-chain total trading volume dropped by 13.4% to $338 billion (BTC: -13.4%, ETH: -13.4%): Stablecoin on-chain trading volume decreased by 4.5% to $839.6 billion; the issued supply increased by 0.4% to $142.6 billion, with USDT and USDC accounting for 79.1% and 17% of the market share, respectively.
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