As of early evening on June 30, the three large-cap cryptocurrencies had all slipped in the past 24 hours. Bitcoin (BTC 2.81%) fell 2.6% to $58,656.11, Ethereum (ETH 3.09%) dropped 2.5% to $1,573.66, and Solana (SOL 2.75%) lost 2.4% to $73.50. The cryptocurrency market cap slipped to $2.12 trillion, the lowest its been in close to two years.

What’s driving crypto markets

Bitcoin stayed under pressure as a strong U.S. dollar and pivot from Michael Saylor’s Strategy weighed on the lead cryptocurrency. The Japanese yen reached a 40-year low against the dollar today, and the dollar’s strength is another strain on the struggling asset class. Ethereum remained soft alongside broader crypto weakness, as investors digest last week’s news of…