Trading in the US ended with a decline in business activity indices. Capital with renewed vigor began to withdraw from risky assets, but the dollar index rose on Thursday, June 30, to 105 points.
Bitcoin (BTC) is depreciating along with tech stocks. This morning, the BTC rate in Asia fell below $20,000. At the time of publication of this review, the largest digital currency was trading at $19,388. For the day, the capitalization of bitcoin decreased by 3% to $370.139 billion.
Of the top ten altcoins, Solana (SOL) was the most affected. This coin collapsed over 9% to $31.81. Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA) fell about 4% to $1,059, $210, and $0.452, respectively.
The capitalization of the crypto market decreased to $867.92 billion.
Trending: Finder: Bitcoin could hit $80,000 by 2025
According to Santiment, the largest addresses or the so-called whales and sharks periodically use the fall in the value of cryptocurrencies. These investors first dump coins at the top to make money and then start buying at the bottom.
It is this scenario that has been observed around the air since the beginning of June. ETH wallets with balances between 100 and 100,000 coins took advantage of the 39% drop in the altcoin and increased their reserves in this cryptocurrency by another 1.1%.
Researchers estimate that whales hold over 37% of the total Ether supply.