Bitcoin continues to fall as expected!
1: Last night, it continued to drop to around 65, and the price of Bitcoin is still fluctuating slightly. However, the altcoins have been hit hard. Has the altcoin entered a deep bear market? Since June 7, although Bitcoin has fallen, its overall performance is still stable. However, the altcoins have experienced a sharp decline, and there are few opportunities for upward rebound.
2: At midnight last night, Bitcoin only fell 1.4% within the 15-minute line, but the altcoins showed a sharp downward spike, with a general decline of 5% to 10%. Many altcoins have even hit the lowest price of the year.
This fact shows that although Bitcoin is still at a historical high, the altcoins are already at or near the historical low.
3: Under the strength of Bitcoin, the survival space of altcoins is getting smaller and smaller. Once Bitcoin pulls back, 👀 Near qu1n+ Wei: L20240098, altcoins may face greater pressure. In addition, the risks in the altcoin market cannot be ignored. Due to the lack of effective supervision and regulation, the altcoin market is full of speculation and uncertainty
4: The altcoin market is already in a very fragile state, and investors need to be cautious. The trend of Bitcoin will directly affect the fate of altcoins. Let us wait and see the future market dynamics!
