The overall trend of the crypto market fell this week, and most mainstream cryptocurrencies continued to fall this week. The overall market expectations are not good, and the total market volume has fallen significantly. Due to the impact of the bankruptcy of Mt. Gox exchange, the overall trend of the market fell significantly this week. Near the weekend closing, the prices of most mainstream currencies were lower than the opening price.

At present, the overall crypto market is in the bottoming trend under the influence of various recent news and changes in the market itself. The market needs further positive news to drive the rise. The overall market value growth of the crypto market has decreased compared with the same period last week. The current total market value has reached about 2.13 trillion US dollars, down 4.33% in 24 hours.

Market sentiment remained at around 45, which was a certain decline compared with last week. The trend of key mainstream currencies this week was basically a relatively clear continuous decline, and the overall possibility of a rebound in the crypto market in the future still exists.

Compared with last week, the total volume of the cryptocurrency market continued to decline slightly this week. Overall, the market itself was severely impacted by news factors on the basis of continuous decline, and the situation of liquidation in the entire network was relatively common. It is expected that the market will usher in a slight recovery during the weekend closing period.

The rise and fall ratio of the top 100 cryptocurrency projects in a week was 9:91, and most of the currencies saw a downward trend in a week. The price of BTC was mainly downward in a week, and it fell below the key price of US$60,000 again near the weekend closing. The price of the currency is currently maintained at around US$58,240, with a weekly decline of about 5.41%. ETH is currently maintained at around US$3,140, ​​with a weekly decline of about 8.94%.

The overall market was affected by news this week, and the increase in most currencies was relatively limited. OM ranked first in the price increase, with a 7-day increase of 12.66%, and the price of the currency is currently maintained at around US$0.8057.

The overall cryptocurrency market is still likely to rise or fall further this weekend. A new round of market fluctuations is expected to occur during the weekend. The market is still likely to continue to bottom out, but the probability of a significant recovery in July is relatively high.