Bitcoin slipped below $59,000 while Ethereum, XRP and Dogecoin fell more than 3% amid persistent ETF outflows and extreme fear in the crypto market. Analysts see the potential for a short-term July relief rally but caution that heavy liquidation clusters and repeated tests of the $59,000 support level leave BTC vulnerable.
Bitcoin on Tuesday dropped below $59,000 amid sustained ETF selling and lingering extreme fear sentiment in the cryptocurrency market.Notable Statistics:
Coinglass data shows 82,520 traders were liquidated in the past 24 hours for $269.92 million.
SoSoValue data shows net outflows of $231.1 million from spot Bitcoin ETFs on Monday. Spot Ethereum ETFs saw net outflows of $30.04 million.
In the past 24 hours, top gainers include MemeCore, Lighter and Pyth Network.
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