Cryptocurrencies that are in the top 10 by market capitalization registered sharp declines this month, with one exception.
The price of Bitcoin falls 10% so far in June. At the beginning of the month, the cryptocurrency touched US$71,000, but since then its decline intensified in a range between US$60,000 and US$70,000 since mid-Marchwhen it reached its historical maximum of US$73,797.
For the CryptoQuant portal, Bitcoin could fall back to $60,000 after breaking below the $65,800 support, due to lack of bullish momentum.
The other cryptocurrencies in the top ten also suffered sharp declines this month: Doge Coin fell 24.1%, Solarium (-11.7%), Lido Staked Ether (-10.1%), Ethereum (-10.1%), Ripple (-9.9%), Binance Coin (-3.6%).
Toncoin was the only large-cap cryptocurrency that managed to rise in June. altcoin which is supported by Telegram It has had a very good run during the first part of the year.
Additionally, the TON network was also recognized this year as The fastest blockchain in the worldIn November 2023, its developers conducted a live performance test in which the network demonstrated its high level of scalability, speed and efficiency.
Source: Ambito
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