CoinEx Research Released: June Crypto Recap Including Bitcoin's Range, Ethereum's ETF Buzz, and Solana's Comeback
HONG KONG, July 10, 2024 /PRNewswire/ -- June provided a diverse platform for the market with numerous major changes in assets like Bitcoin, Ethereum, Solana and assets like Toncoin. Here's how this month changed the shape of the market.Bitcoin's Range-Bound TradingThe price of Bitcoin was stuck in the range of $60,800 to $71,700 for the entire month of June. The cryptocurrency encountered resistance in its attempts to cross the upper boundary ultimately returning to the lower end of the range. Technical analysis demonstrated the persistence of Bitcoin as it recovered significant support levels and was supported by a steady inflow of ETFs totaling about $666 million for the month.Ethereum's ETF Anticipation and Layer-2 ChallengesWith increased anticipation for the approval of its ETF which is expected to begin trading in early July, Ethereum was able to maintain mid-range stability. Gas prices however decreased significantly during the month and there was also a decrease in on-chain activity. While raising questions in the community about valuation discrepancies and ...Full story available on Benzinga.com
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Read full article here: https://www.benzinga.com/pressreleases/24/07/n39702474/coinex-research-released-june-crypto-recap-including-bitcoins-range-ethereums-etf-buzz-and-solanas
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