Bitcoin, Ethereum, XRP, Dogecoin Slide as 'Extreme Fear' Persists: Analyst Notes Half of BTC Circulating Network Now Sitting 'Underwater'
July 1, 2026 · 24 sources · High impact · Updated Jul 21, 2026
The cryptocurrency market, including Bitcoin, Ethereum, XRP, and Dogecoin, is experiencing 'extreme fear' with a significant portion of Bitcoin's network 'underwater'. Meanwhile, MicroStrategy's stock may be undervalued, and US firms, including ConocoPhillips, are investing heavily in Iraq, while AI is seen as a key growth driver for China's economy.
Affected Companies
XRP45 ▼2
Bitwise XRP ETF$12.13$245.51M cap
BTC17 ▼3
Grayscale Bitcoin Mini Trust ETF$28.26$3.39B cap
ETH50 ▼2
Grayscale Ethereum Staking Mini ETF$17.08$1.64B cap
ADP60 ▲1
AUTOMATIC DATA PROCESSING INC$255.24$102.03B cap
MSTR40 ▼3
Strategy Inc$97.82$29.45B cap
ABTC39 ▼1
American Bitcoin Corp.$5.44$450.45M cap
GEMI59 ▲1
Gemini Space Station, Inc.$4.19$528.49M cap
GS65 ▲1
GOLDMAN SACHS GROUP INC$1,065.22$314.25B cap
Affected Industries
Financial Technology & Infrastructure30
ContractionModerate momentumTop 98%
Banks—Diversified40
Early RecoveryStrong momentumTop 72%
Capital Markets56
RecoveryStrong momentumTop 34%
Industrial Automation37
Early RecoveryModerate momentumTop 78%
software-application
Television Broadcasting Stations33
ContractionWeak momentumTop 94%
AlphaOS aggregates and analyzes market news to extract structured investment intelligence. Content is for research and education only — not investment advice.