July 1 Cryptocurrency Market



The crypto market is generally weak today, with Bitcoin dipping to the $58,000 level during the session, posting a slight decline over 24 hours. Ethereum is also moving lower in tandem, with most altcoins following the pressure. Due to cooling expectations of U.S. interest rate cuts and ongoing redemptions from spot ETFs, market sentiment is fearful, with the Fear and Greed Index in the extreme fear zone. Over the past 24 hours, there have been massive contract liquidations across the network, with long positions dominating. Market liquidity is tightening, making a strong short-term rebound unlikely, and operational risks remain high.
BTC1.61%
ETH0.39%
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