Price analysis 6/17: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX
Due to the sharp depreciation of cryptocurrencies, the total capital of the crypto market has fallen below $ 900 billion. According to CoinGoLive, 72 of the top 100 tokens Decreased by over 90% From their highest ever. By comparison, the top 10 coins outperformed in the fall, averaging 79% down from record highs.
((((BTC) Has fallen by more than 70% from a record high, but the Bulls are struggling to stop it. Julian Timmer, director of Fidelity’s Global Macro, emphasized: Bitcoin can be “cheaper than it looks” Consider the price-earnings ratio metric. This is similar to the price-earnings ratio used in the stock market to value stocks.