- Several cryptocurrencies hit their all-time lows (ATL) on June 10, 2023.
- ALGO, BSV, LUNA, and the other 2 altcoins experience extreme oversold conditions.
Last week, the global crypto market staged one of the wild altcoins’ bloodbaths since the Terra Luna collapse in 2022. The ongoing ‘SEC vs Crypto’ predominantly initiated this crypto crash. Numerous cryptocurrencies have plunged to the bottom, hitting new all-time lows (ATL) on Saturday.
After being tagged as securities, ADA, SOL, and MATIC recorded strong bearish lows. Notably, the following cryptocurrencies, which are among the top 150 by market capitalization, experienced horrendous dips last week.
Algorand (ALGO)
Algorand (ALGO) got pinned down as the victim of the SEC’s crypto lawsuits — by getting the security label. Ever since then, it displayed a bearish losing streak in the market. ALGO hit its new all-time low (ATL) on June 10 at $0.0958, as per TradingView.
As a way of hinting at a possibility of recovery, ALGO’s price gained 1.85% in the last 24h. According to CMC, the crypto traded at $0.11.
Bitcoin SV (BSV)
Secondly, Bitcoin SV (BSV) recorded its new all-time low (ATL) at $15.70 on the OKX exchange, as per the TradingView data.
At press time, according to CoinMarketCap, BSV traded down by 1.58% at the price of $25.34. Also, the 24-hour trading volume of BSV plummeted by 43.14%
Terra (LUNA)
LUNA is popularly the reborn Terra Luna, now Terra Classic (LUNC). According to TradingView, the new all-time-low that LUNA has recorded is $0.5268. Meanwhile, Terra Classic (LUNC) declined to its 11-month-low of $0.00007337.
Hence, this altcoin plunged by 54.02% year-to-date. As per the CoinMarketCap data, over the past 24 hours, Terra (LUNA) dropped 1.56% to trade at $0.5901.
Flow (FLOW)
FLOW is yet another cryptocurrency that is placed on the list of securities by the SEC. After witnessing a notable drop of over 31% over the last week, FLOW recorded its all-time low (ATL) at $0.4354.
According to CoinMarketCap, FLOW, at press time, traded at $0.4913 after experiencing a loss of 2.05% in the last 24 hours.
Besides the altcoin bloodbath exhibited by these crypto pioneers, the following newly launched altcoin also recorded its all-time low.
Arbitrum (ARB)
ARB holds the title of being one of the cryptocurrencies that staged the viral airdrops in 2023This altcoin is the native governance token of Arbitrum, the Ethereum L2 rollup network. According to TradingView data, Arbitrum (ARB) recorded its new ATL of $0.9488 on Saturday. Thus, ARB has crashed by 91.8% since its launch.
At the time of writing, according to CoinMarketCap, ARB traded at $0.9704 after dropping 2.90% over the past 24 hours.
In addition to these five cryptocurrencies, another altcoin with a sensational airdrop just like ARB also marked its new ATL.
Sui (SUI)
The airdrop of SUI was also a much-awaited event among the crypto community. It is the native crypto of the layer-1 blockchain, Sui Network. Notably, this crypto regulatory crackdown caused SUI to bottom to its ATL at $0.558
Shockingly, SUI recorded a fall of 86.43% since its launch. As per CoinMarketCap, the price of SUI was down 1.41% in the last 24 hours at $0.6105, at the time of writing.
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