The Last 48 Hours In Crypto
It's Monday and we're back! But unfortunately, the crypto market is definitely not back... It's been a complete bloodbath in the past 24 hours, so let's waste no time.
Here's your 1-minute crypto recap!
👉 Price Action
-> The entire cryptocurrency market is crashing. Check out the above heatmap - everything is red!
-> Bitcoin's price looks like it fell off a cliff! It's down 5% in the past 24 hours alone, currently trading at $61K. It seems like it's just a matter of time for it to drop to $60K.
-> ETH is down 5%, BNB - 3%, SOL - 5.3%, TON - 5.4%, and so forth - the entire altcoin market is in shambles.
-> Polkadot (DOT) is down 2.9%, which is a slightly better performance compared to other altcoins - if that could be kind of a hope for holders.
👉 Most Important Crypto News
-> The Mt. Gox trustee will finally start repaying creditors their Bitcoin and Bitcoin Cash in July, which is perhaps the reason for the market downturn. (Check out the image).
-> Bitcoin miners haven't capitulated yet, which means that there might be more pain ahead!
-> The FCA cracked down on two suspects involved in a whopping $1.2 billion illegal crypto asset business!
👉 Meme Coin Outlook
-> Meme coins are also bleeding out. The category is down 7% in the past 24 hours alone and 20% for the past week.
-> Major memes have declined a lot: DOGE (-5.3%), SHIB (-6.8%), PEPE (-7.1%), WIF (-7.9%), FLOKI (-8.1%) and so forth.
-> There are no outliers, and all the top meme coins are trading at a loss.
Well, that sums it up for today! We will be with you again tomorrow, hopefully with better news!
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