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🟠CRYPTO MARKET JUNE CONTRACTION ANALYSIS

🟠CRYPTO MARKET JUNE CONTRACTION ANALYSIS

Day: 08 | Time: 18:23:18 JPMorgan's report states that the total market capitalization of cryptocurrencies decreased by 8% in June, returning to May levels. Contraction in market capitalization was observed for tokens, DeFi, and NFTs. However, stablecoins have shown positive performance, and the market capitalization of Bitcoin miners increased by 19%. The report suggests that the peak of the current cycle may have been reached in March 2024. Additionally, Bitcoin spot ETF flows have experienced a significant decline.

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