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Alan Rogers: BTC falls to $58.6K as crypto market cap drops to $2.124T

Alan Rogers: BTC falls to $58.6K as crypto market cap drops to $2.124T
BTC and ETH fall as fear rises

Alan Rogers reports that Bitcoin is trading at $58.6K and Ethereum at $1.57K, with the total crypto market cap at $2.124 trillion.

The Crypto Fear & Greed Index has declined to 11, indicating extreme fear, compared to 15 previously. All major U.S. spot crypto ETFs saw net outflows on June 30, with $222.64 million from BTC funds and $27.6 million from ETH funds.

Earlier this month, Alan Rogers reported that Bitcoin, Ethereum, Solana, and XRP ETFs recorded net inflows in U.S. markets as Bitmine added 20,000 ETH via FalconX here. In a separate note, Rogers highlighted Elon Musk's net worth overtaking Bitcoin's market cap as SpaceX approached a $2.9 trillion valuation here. Both developments drew attention to shifts in institutional exposure and major asset valuations.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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