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Bitcoin’s $57K slide puts my $49K cycle-low thesis in play unless bulls reclaim $60K

CryptoSlate Published 01.07.2026 11:15

Bitcoin's slide into the high-$50,000s has put my $49,000 cycle-low map back into the live market conversation. BTC is trading around $58,600 on July 1, down more than 19% over…

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Market Prices

Bitcoin

Bitcoin

$63,111.35

BTC 0.01%

Ethereum

Ethereum

$1,678.64

ETH 1.11%

XRP

XRP

$1.17

XRP 2.73%

Solana

Solana

$66.79

SOL 1.85%

Cardano

Cardano

$0.17

ADA 4.12%

Stellar

Stellar

$0.20

XLM -0.73%

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