Market trend on June 23

1) Market trend
BTC has plummeted, and altcoins are also seeing a general decline. BTC's dominance rate has reached 66%, with altcoin markets resembling the fluctuating downward trend of the first half of last year.
U.S. stocks fell, and oil prices surged. Iran has blocked the strait, raising market concerns about the impact on oil price inflation.

2) Market hotspots:
1. The stablecoin cricle in the US stock market has surged, with a market value exceeding 50 billion USD, increasing eightfold since its listing. The rise of coin stocks is better than that of altcoins.
2. The public chain ETH has dropped, leading to a general decline in altcoins. Yi Li Hua invested 250 million USD to go long on ETH, using Aave for lending.
3. On-chain assets like hype and labubu are not only stable but also rising. During market downturns, altcoins that are relatively resilient or rebound first are worth paying attention to.
4. The old coin fun surged, with a short-selling fee of -0.3%. The small coin gns rose, and the same name US stocks bought btc. #Gate广场创作者星火计划：入驻享每月超$10,000奖池 #Alpha币种推荐 #周末行情预测