Crypto markets have declined more than 5% over the past seven days as $150 billion has left the space, primarily from low-cap digital assets.“Smaller cap crypto assets have been taking it on the chin since March high of this year,” he said in a post on X on June 13.
He added that if this is a regular mid-cycle correction, “expect some opportunities to be had in the mid and small caps once the market settles.”assets have been taking it on the chin since March high of this year. The past 3 months have seen the Top 200 equal weight index fall 33% vs. the Market Cap index, which is down around 12%.“Despite further evidence stateside inflation is dampening, altcoins continued their brutal sell-off,” stated Bankless in a note to investors on June 13.
In an email to investors on June 14, FxPro senior market analyst Alex Kuptsikevich predicted more pain:
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