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The cryptocurrency market crashed in the last 24 hours, led by Bitcoin (BTC), as fear, uncertainty, and doubt (FUD) dominated. Meanwhile, MultiversX (EGLD) and Monero (XMR) displayed signs of strength, while most other cryptocurrencies showed weakness. In summary, Bitcoin broke down from a four-month price range, trading as low as $53,540 on July 5. As Finbold reported, this price action ended Bitcoin’s all-time “longest winning streak” of 427 days without retracing more than 25%. At the same time as BTC made a “well overdue correction,” in Charles Edwards’s words, crypto traders lost over $600 million in liquidations due to a massive long squeeze. Most projects displayed double-digit losses in the first days of July, shifting the overall sentiment to bearish. Picks for you Opportunity in volatility: ...

After the recessionary fears subsided towards the end of last year, the first quarter of 2023 saw a resurgence in the debate on the actual health of the U.S. economy. Many remain optimistic with major indices like the S&P 500 and the Dow Jones Industrial Average (DJIA) running at record highs. Additionally, some, such as the ‘The Big Short’ investor Steve Eisman believe that the economy is, indeed, both doing well and not in danger as long as the FED does not intervene. Picks for you BitBoy Crypto declares Cardano dead; ADA founder responds with class 50 mins ago Profitable cryptocurrency whale buys $3 million of this token 15 hours ago Bullish signal: Bitcoin whale accumulates $90 million in a month 16 hours ago Dogecoin price prediction; Can DOGE flip XRP's market cap? 17 hours ago Still, many vocal critics have also emerged, including the Societe Generale (EPA: GLE) analyst known for foreseeing the Dot-com bubble who believes that, t...