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The crypto market is currently experiencing a neutral trend with a hint of bullishness. This is reflected in the price of Binance Coin (BNB), which is hovering around $602.25 as of June 12, 2024.

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The Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, has recently expressed its support for Bitcoin (BTC) and Ethereum (ETH) in a research report. The report highlights the growing importance of cryptocurrencies in the global financial landscape and recognizes their potential for future growth.

The cryptocurrency market continues its bearish trend on June 12, 2024, with Bitcoin and major altcoins experiencing further declines. However, the meme coin PEPE is defying the trend, showing a significant price rally.

The prolonged bear market has cast a shadow over Bitcoin, and the recent breach below the $30,000 support level has intensified concerns about a deeper price decline. Analysts predict that a wave of Bitcoin miner capitulation could further destabilize the market, potentially driving the price as low as $62,500.

Solana (SOL), a prominent player in the cryptocurrency market, is experiencing a challenging period as its price struggles to find stable footing. The cryptocurrency has recently extended its losses below the $150 support level, indicating a bearish trend in the short term.