It’s been an intense start to the week, with some top 100 alts plummeting 20% since the weekly close, including coins such as FTM, RNDR, UNI, and THETA.
output: A hectic start to the week has seen some top 100 alts drop by 20% since the weekly close. This includes coins like FTM, RNDR, UNI, and THETA. Bitcoin, on the other hand, has remained relatively stable, fluctuating between $67,000 and $65,000 after breaking through a critical support level at around $67,000.
The level was also supported by the daily 50 EMA and the 4-hour 50 and 200 EMA, which has now flipped bearish with a death cross.
The bullish sentiment is also low, with Twitter users going into a frenzy on whether this drop is starting to push out the weak hands. Some might think so, but I'm not fully convinced.
If you remove the noise, you can see that on the Bitcoin daily chart, there isn't much between roughly $70,000 and $60,000. Bitcoin has mainly been trending within a consolidation/sideways channel since March.
Bitcoin Investments Decimated After FOMC
Bitcoin investment products saw a massive hit last week, with around $600 million pulled out following mixed economic signals from the U.S., as reported by CoinShares. The entire digital asset ecosystem felt the impact, driven by Bitcoin’s losses. This marks the largest outflow since March 22. Grayscale’s GBTC was hit the hardest, with $273 million in outflows.
Adding to the pressure, US inflation data continues to weigh on risk assets. The Federal Open Market Committee (FOMC) hinted that we might only see one rate cut this year, down from the originally projected three. This hawkish stance crushed the earlier optimism from better-than-expected inflation numbers.
Is the Cryptocurrency TOTAL Chart Hinting at a Further Drop?
Looking at the TOTAL Market Cap chart, it has re-entered a channel which originally started in March. Although it attempted to break out at the start of June when BTC tested the $72,000 resistance, it has since retraced within the channel.
Could this be an early indicator of a much larger drop in the overall crypto market? This is something I am keeping a close eye on.
Join us for an Empire Live Event in Gold Coast on June 29th! VIRTUAL tickets are NOW available.
Register on the Empire Crypto Trading Social Media and Educational Platform and stay informed with the latest crypto charts, FREE education, airdrop guides, and more on the Empire Platform!
News source:https://www.kdj.com/cryptocurrencies-news/articles/crypto-wild-west.html
The above is the detailed content of Crypto: The Wild West?!. For more information, please follow other related articles on the PHP Chinese website!

Cryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that
![Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of February](https://img.php.cn/upload/article/001/246/273/174209101774967.jpg?x-oss-process=image/resize,p_40)
Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

This article reviews the ten-year price trend of Bitcoin from 2015 to 2025 in detail. Data shows that Bitcoin price fluctuates dramatically, experiencing huge changes from $200 to over $100,000. During this period, the price of Bitcoin was affected by a variety of factors, including halving of block rewards, market sentiment, regulatory policies, and global macroeconomic situation. The article analyzes the rise and fall of Bitcoin prices year by year, and focuses on interpreting the price changes in key years, providing a reference for investors to understand the history of Bitcoin prices and predict future trends. Keywords: Bitcoin price, Bitcoin trend, Bitcoin decade, digital currency, cryptocurrency

The top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.

This article reviews the price trend of Ethereum since its listing in 2015, from the initial $0.31, it experienced a surge in 2017 to nearly $1,400, as well as a market plunge in 2018 and 2022, and then hit a record high of $4,891.70 in 2021, as well as a rebound and stability in 2023. The article data covers the significant changes in Ethereum prices over each year and predicts price trends for 2024-2025, providing investors with a comprehensive historical reference and future outlook for Ethereum prices. Understand the history of Ethereum price fluctuations and seize investment opportunities!

Top 10 digital currency app platforms: 1. OKX, 2. Binance, 3. Gate.io, 4. Kraken, 5. Coinbase, 6. Huobi, 7. KuCoin, 8. Crypto.com, 9. Bitfinex, 10. Gemini; these platforms are ranked according to factors such as transaction volume, security and user experience. When choosing, the platform's security, liquidity, transaction fees, currency selection, user interface and customer support should be considered.

Since then, the provider has been investigating how this could have happened and how it will (hopefully) not happen again in the future.

Ever wonder which meme coin could turn your small investment into life-changing gains? With the meme coin market heating up in 2025, investors are diving into fresh opportunities, hoping to catch the next big wave before prices skyrocket.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

EditPlus Chinese cracked version
Small size, syntax highlighting, does not support code prompt function

ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment

VSCode Windows 64-bit Download
A free and powerful IDE editor launched by Microsoft

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Dreamweaver Mac version
Visual web development tools