EXMO launches monthly crypto market reviews, analytical reports with up-to-date information about cryptocurrencies.
The first analytical snapshot presents June in review: capitalisation, all-time highs, market driving factors, gainers and losers of the month and much more.
After the bitcoin rate collapsed to $30,000 in May 2021, the crypto market remained in the “Fear” and “Extreme fear” zones for almost the entire June. The most optimistic market sentiment was observed in mid-June, simultaneously with a significant drawdown in capitalisation and a decrease in trading volume by 56%. During the entire period, the activity of traders was significantly lower than that of the previous month.
At the end of the month, the crypto market capitalisation sank by almost 6%. Unable to get back to levels above $2 trillion, it fluctuated between $1.2 trillion and $1.7 trillion. The largest decrease was seen during the last decade of June caused by the tightening of mining regulation in China.
Tether (USDT), Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Dogecoin (DOGE), EXMO Coin (EXM), Vitae (VITAE), Dash (DASH), Litecoin (LTC) and Cardano (ADA) hit TOP 10 cryptocurrencies in terms of trading volumes on EXMO.
Despite constant swings during the entire month, BTC price fell only by 6%, and its positive return was estimated at 21% by the end of the month.
El Salvador’s adoption of BTC as legal tender is the most stirring event of the month.
That’s it, this is a short summary of the key monthly outcomes.