The cryptocurrency market has experienced a comprehensive downward trend this week. Mainstream digital currencies have continued to decline. The overall market expectations are pessimistic. Both transaction volume and total market value have recorded significant declines. In particular, the bankruptcy of the Mt. Gox exchange was like a huge stone thrown into a calm lake, arousing a violent reaction in the market and pushing the market to fall across the board.

At the end of the weekend, the prices of major cryptocurrencies were generally lower than their opening levels.

Currently, the cryptocurrency market is at a critical stage of seeking solid support and is in urgent need of the injection of positive news to stimulate the market's rebound momentum. In terms of market capitalization, compared with last week, it has shrunk to approximately US$2.13 trillion, with a decline of 4.33% within 24 hours. The market sentiment index is hovering around 45, down from last week, reflecting a lack of confidence among market participants.

Although the overall market is under pressure, individual currencies such as OM have shown strong resilience, rising as much as 12.66% in the past week, and the price has stabilized at around $0.8057. In contrast, BTC and ETH, as the market's bellwethers, suffered weekly declines of 5.41% and 8.94% respectively. BTC once fell below the important psychological level of $60,000, while ETH remained fluctuating around $3,140.

Looking ahead to the weekend, the market may have a breather, but overall, the risk of further bottoming out cannot be ignored. The top 100 cryptocurrency projects had a very different ratio of gains and losses, with 91 projects falling and only 9 projects rising, highlighting the overall downward trend of the market. However, the industry generally expects that after July, the market is expected to see more obvious signs of recovery.

Against this background, investors should remain highly vigilant, pay close attention to every subtle change in market dynamics and news information, and be prepared to seize opportunities for market recovery at any time. Although market volatility may continue in the short term, from a long-term perspective, the cryptocurrency market still contains huge growth potential and opportunities. #币安合约锦标赛 #BTC走势分析 #美联储何时降息？