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Gate Research: BTC Falls Below $60,000, Base Sees Two Block Halts in Two Days

Daily Research
Research
Altcoins
Trading
Macro Trends
VIP Daily Industry Report
2026-06-29 02:07:39
Reading Time: 4m
Last Updated 2026-06-29 02:10:15
On June 29, the crypto market remained in a weak consolidation phase, with BTC holding at lower levels after falling below $60,000, while ETH showed limited rebound momentum. GT continued to demonstrate relative defensive strength, and the Crypto Fear & Greed Index remained at 12 (Extreme Fear). ACT, POWR, and SYN led the market, with capital continuing to rotate among AI, blockchain-based energy, and cross-chain infrastructure themes. On the industry front, Base's two network outages highlighted the importance of Layer 2 sequencer reliability, Tether Gold's integration into crypto lending marked the expansion of tokenized gold into on-chain collateralized finance, and the European Parliament continued advancing its assessment of regulatory frameworks for DeFi, staking, and NFTs. The industry's focus is increasingly shifting toward infrastructure resilience, RWA composability, and the evolution of regulatory frameworks.
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