Crypto Market Stumbles into June, Bitcoin Hits New Lows

The cryptocurrency market has continued to struggle in June, with most major assets posting significant losses. Bitcoin fell below $60k and reached a new low for the year, while Dogecoin and Cardano suffered losses of over 11%.

The lack of demand strength is becoming increasingly clear, with selling pressure remaining dominant in the short term. This dynamic could continue to weigh on prices over the next few trading sessions.

Solana was the only major asset to resist significant losses, with a weekly decline of just 0.07%. However, its price action continues to battle a large long-term bearish trendline, and it remains to be seen whether it can maintain its stability.