Bitcoin Breaks Above $65,000, Up 1.53% Today; DeFi Sector Rallies 3.34%

BTC1.48%
ETH2.01%
According to PANews citing SoSoValue data, Bitcoin surged 1.53% to break above $65,000 today (June 15). Ethereum climbed 1.95% to surpass $1,700, while the DeFi sector led market gains with a 24-hour increase of 3.34%, followed by the DePIN sector up 2.64% and the AI sector up 2.00%.
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GateUser-1379e90dvip
· 59m ago
I’ve been in the crypto market for nearly 10 years, having entered in 2018. I’ve gone through several bull and bear cycles, but I believe this time it will truly drop to a very low level. This bear market can’t be judged by the lows of past bear markets. The current decline is because the market needs it. In the past, people always said the crypto “B circle” is a hub for safe-haven assets. But this time, it has indeed performed far too poorly—every bit of capital is rushing into gold, and the financial crisis hasn’t even erupted yet. I think it will fully break out by the end of this year or early next year. Its destructiveness could even be stronger than the 2008 subprime mortgage crisis. So this time, I think they will go to an even lower level. For Bitcoin, I even see it going below 40k. As for Ethereum, it could be in the 600–500 range and below. And this bear market’s duration could be very long. If it really reaches that level, spot holdings are actually more worth having. Buy and then put it straight into your wallet. If you want to open that kind of super long-term contract long position, I think you should wait until the real market starts before considering chasing the order.
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