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Crypto market plunges into bear market, trading volumes collapse

Bitcoin and the broader cryptocurrency market have experienced a significant decline over the past week, accompanied by a parallel collapse in trading volumes.

Published 15sem2 sourcesConfirmedMajorupdated 2sem
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The volume contraction marks a low not seen since 2023, reflecting reduced speculative and institutional activity.

Traders are watching US inflation data on June 11, which could prove decisive for the market's future direction.

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