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BlackRock unlikely to rescue altcoins as most trade below key averages amid market skepticism

Market News
01 Jul 2026
Zycrypto
View Source
Bearish
pluang ai news

Speculation that BlackRock might support the altcoin market has been dismissed by experts who say institutional investors see most altcoins as mere fundraising tools, not valuable assets. The market remains weak, with about 84% of altcoins on Binance trading below their 200-day moving average, marking a prolonged downturn. Analysts predict future crypto integration will focus on tokenized real-world assets on major blockchains like Solana or Ethereum, bypassing traditional stock exchanges. Meanwhile, major altcoins like Ethereum, BNB, and XRP face declines, with XRP struggling to hold the $1.00 level, signaling ongoing market challenges without strong catalysts.

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