Crypto markets slide as macro pressures drive worst June week; Dogecoin, XRP, Solana outperform
By
Anjali Belgaumkar
2h ago· 4 min readenNews
Summary
The article covers a turbulent week in cryptocurrency markets driven by macroeconomic forces — expectations of higher interest rates, a stronger US dollar, ETF outflows, and broad deleveraging. Bitcoin briefly dipped below $60,000 before buyers stepped in, while Dogecoin, XRP, and Solana showed relative strength compared to other assets. Over $1 billion in long liquidations amplified the downturn, highlighting the market's sensitivity to macro conditions rather than crypto-native events.
Source
bskyCrypto markets slide as macro pressures drive worst June week; Dogecoin, XRP, Solana outperformcoinpedia.orgKey quotes
· 3 pulledBitcoin briefly dipped below $60,000 during the final week of June before buyers stepped in, capping a turbulent seven days driven almost entirely by macroeconomic forces rather than anything crypto-native.
Expectations of higher interest rates for longer, a stronger US dollar, continued ETF outflows, and broad deleveraging across derivatives markets combined to push the market lower.
More than $1 billion in long liquidations amplified the move, a reminder of how lever
Bitcoin briefly dipped below $60,000 during the final week of June before buyers stepped in, capping a turbulent seven days driven almost entirely by
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