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🟠CRYPTO MARKET: JUNE 2024 UPDATE

🟠CRYPTO MARKET: JUNE 2024 UPDATE

Day: 08 | Time: 17:29:27 The market capitalization of cryptocurrencies decreased by 8% in June, returning to May levels, according to research by JPMorgan. Bitcoin ETFs experienced their second worst month with a net outflow of approximately $662 million. However, bitcoin mining companies saw a 20% increase in market capitalization due to the use of artificial intelligence. Daily trading volumes for cryptocurrencies decreased by 18% compared to the previous month, suggesting that March 2024 may have been the peak of the current cycle. Bitcoin ETFs had their second worst month in terms of outflow flows, with sales reaching $662 million.

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