JUNE 19 CRYPTO MARKET ANALYSIS
AS OF THIS MORNING, THE PRICE OF BITCOIN IS $105,500, UP 0.65% IN THE PAST 24 HOURS. AFTER THE PLUNGE CAUSED BY THE SITUATION IN THE MIDDLE EAST A FEW DAYS AGO, IT IS SLOWLY STABILIZING AND RECOVERING.
ETHEREUM IS CURRENTLY PRICED AT $2,530, UP 0.44% IN 24 HOURS, ALSO SHOWING A VOLATILE REBOUND TREND.
SOLANA IS CURRENTLY PRICED AT $148.5, UP 1.03% FROM YESTERDAY. WITH ITS TECHNOLOGICAL ADVANTAGES AND ECOLOGICAL DEVELOPMENT, IT HAS SHOWN A CERTAIN RESILIENCE IN RECENT MARKET FLUCTUATIONS.
DUE TO ISRAEL'S AIR STRIKES ON IRAN, TENSIONS IN THE MIDDLE EAST INTENSIFIED AND THE CRYPTOCURRENCY MARKET SUFFERED A HEAVY BLOW. THE PRICE OF BITCOIN ONCE FELL BELOW $103,000, WITH A DAILY DECLINE OF MORE THAN 4%. MAINSTREAM CRYPTOCURRENCIES SUCH AS ETHEREUM, DOGECOIN, AND CARDANO ALL FELL BY MORE THAN 10%.
IN THE PAST 24 HOURS, MORE THAN 250,000 PEOPLE IN THE CRYPTOCURRENCY MARKET WERE LIQUIDATED, WITH A TOTAL LIQUIDATION AMOUNT OF $1.16 BILLION.
SUBSEQUENTLY, MARKET PANIC GRADUALLY DIGESTED AND PRICES BEGAN TO REBOUND AND RECOVER.
