Last week's bear market sent Bitcoin (BTC) below the critical $65,000 level for more than a month. This decline was felt throughout the market and caused long-term losses. As a result, the entire market experienced significant selling, and the global crypto market fell by $70 billion, falling below $2.4 trillion and ending the week at $2.35 trillion.

Cryptocurrencies to watch this week include AVAX, JASMY and BONK. AVAX took a particularly heavy hit during the period of increased market volatility on June 17 and 18. However, when Bitcoin's collapse caused a decline in the market, AVAX recorded a free fall and dropped to $26.60 for the first time.

JasmyCoin (JASMY) has seen higher gains during bullish periods. However, the correction caused JASMY to post losses for four days, with a 25% crash.

Bonk (BONK), the only meme coin on this week's "best cryptocurrencies" list, is experiencing steeper declines than the rest of the market. Despite being listed on Bitstamp, BONK closed the week down 15.6%. 📉