This week was a bit quiet in terms of economic dates and high-profile news.
🔴 The cryptocurrency market accelerated its decline. The capitalization of digital assets fell by 4.5%. Long-term holders and miners have accelerated coin sales, which again put pressure on the BTC price — at this rate, we will see an acceleration and a test of $60,000. Altcoins are also under attack. Most of them have been falling for the fourth week in a row. The next trading week may be flat, and with increased volumes, there will be a slight recovery in early July. In the medium term, to confirm the alt-season, we should see a consolidation of the altcoins, a decline in BTC’s dominance, and an increase in trading volumes.
⚡️ The stock market has once again updated its historical highs, but pulled back by the end of the week. The S&P 500 rose by 0.48%, while the Nasdaq fell by 0.07%. Capital was poured from Growth to Value stocks for the first time in a long time. This is a good sign for the bull market. Today, the largest Triple witching hour, totaling $5.5 trillion, added to market volatility.
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