Ethereum

📉 Why is BTC falling? 3 reasons 

1️⃣ Mt. Gox. In late June, the crypto exchange that collapsed in 2014 announced that it was ready to repay its creditors. It will distribute 142,000 BTC to its customers. If creditors decide to sell BTC, it will put pressure on the exchange rate.

2️⃣ ETF Outflows. In the first days of July, outflows from spot BTC funds resumed. They account for over 5% of cryptocurrency issuance, so there is significant pressure on the exchange rate. 

3️⃣ Capitulation of miners. Against the backdrop of halving, miners' income has fallen by half. With income falling and savings depreciating, many miners are forced to sell their accumulated coins.

💡 According to experts, the bears may temporarily pull the victory blanket over themselves in July. At the same time, BTC may return to growth in the second half of the year.