Bitcoin Drops Below $60K; Ethereum and Dogecoin Fall; But Trader Says July Is Bullish

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The global crypto market capitalization has dropped by 4.7%, now standing at $2.2 trillion, with long liquidations at their highest in two months.

One trader observed that Bitcoin is currently the most oversold it has been in a year, while another trader highlighted that July has historically been a strong month for the market.

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