Happy

Solana

Robinhood

Elon Musk

The digital assets market, which had already been struggling for months now, is now witnessing a bloodbath after Michael Saylor's Bitcoin (BTC) treasury firm <a href="https://www.thestreet.com/crypto/markets/michael-saylor-breaks-his-most-famous-promise" rel="noopener noreferrer nofollow">Strategy</a> (Nasdaq: MSTR) announced the sale of 32 BTC.
The total cryptocurrency market cap has declined from $2.57 trillion on the announcement day on June 1 to $2.38 trillion at press time. So, the crypto market has lost $190 billion this month.
Bitcoin (BTC) has dropped from $73,800 to below $67,000 during the same period. It is the cryptocurrency's worst price range since February this year.
Similarly, <a href="https://thestreet.com/crypto/ethereum" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) has fallen from $2,000 to $1,870, and <a href="https://www.thestreet.com/crypto/tag/xrp" rel="noopener noreferrer nofollow">XRP</a> from $1.34 to $1.23 this month.
<a href="https://www.thestreet.com/crypto/markets/elon-musk-brings-back-his-mcdonalds-happy-meal-offer" rel="noopener noreferrer nofollow">Related: Elon Musk brings back his McDonald's Happy Meal offer</a>
<h2 id="massive-liquidations-hit-crypto-market">Massive liquidations hit crypto market</h2>
As the market began to bleed, traders rushed to liquidate their positions. In the past 24 hours, 266,158 traders got liquidated <a href="https://www.coinglass.com/liquidations" rel="noopener noreferrer nofollow">as per Coin</a><a href="https://www.coinglass.com/liquidations" rel="noopener noreferrer nofollow">glass</a>.
$1.50 billion in long and $233 million in short crypto positions got liquidated during the same period.
Bitcoin ($773 million), Ether ($482 million), and <a href="https://www.thestreet.com/crypto/tag/solana" rel="noopener noreferrer nofollow">Solana</a> ($88 million) remained the most liquidated crypto assets during the last 24 hours.
<h3 id="trending-on-thestreet-roundtable">Trending on TheStreet Roundtable:</h3>
<ul>
 <li><a href="https://www.thestreet.com/crypto/markets/biggest-regulatory-bill-since-dodd-frank-added-to-senate-calendar" rel="noopener noreferrer nofollow">'Biggest regulatory bill since Dodd-Frank' added to Senate calendar</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/best-buy-quietly-stocks-a-surprising-new-product-on-its-shelves" rel="noopener noreferrer nofollow">Best Buy quietly stocks a surprising new product on its shelves</a></li>
 <li><a href="https://www.thestreet.com/crypto/markets/fed-governor-issues-bold-prediction-on-u-s-monetary-policy" rel="noopener noreferrer nofollow">Fed governor issues bold prediction on U.S. monetary policy</a></li>
</ul>
<h2 id="crypto-stocks-take-a-hit">Crypto stocks take a hit</h2>
The Strategy (Nasdaq:&nbsp;MSTR) stock fell only 0.50% today to trade at $135 at press time.&nbsp;
Bitmine Immersion Technologies (NYSE: BMNR), the leading Ether treasury firm, however, fell nearly 4% to trade at $17.30.
The Coinbase Global (Nasdaq: COIN) stock also fell 2.5% to trade at $169.75.
Robinhood Markets (Nasdaq: HOOD) fell nearly 5% to trade at $83.90 at press time. The Circle Internet Group (NYSE: CRCL) stock similarly fell nearly 5% to trade at $95.90.
<a href="https://www.thestreet.com/crypto/markets/analyst-cuts-microstrategy-price-target-by-20" rel="noopener noreferrer nofollow">Related: Analyst cuts MicroStrategy price target by 20%</a>

Bitcoin crash triggers billions in liquidations

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TheStreet Roundtable

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