June brought a wave of positive sentiment to digital assets. Despite global uncertainty, major cryptocurrencies continued their upward movement. Investors are once again turning to decentralized assets amid expectations of a Fed rate cut and an increasingly fragile macro backdrop.
Key moves this month:
• Bitcoin (#BTCUSD) +4.6% — Strengthened by a weaker dollar and renewed institutional interest. JPMorgan projects $150,000 by 2025.
• Ethereum (#ETHUSD) +3.8% — Gains on ETF optimism and rising DeFi activity.
• Solana (#SOLUSD) +6.1% — In the spotlight due to network scalability and new Web3 partnerships.
• Ripple (#XRPUSD) +2.4% — Rebounding after positive developments in the SEC case and potential global alliances.
• Dogecoin (#DOGUSD) +5.2% — Community-driven momentum and fresh public support from Elon Musk.
Underperformers:
• Litecoin (#LTCUSD) –1.8%, Cardano (#ADAUSD) –2.2% — Profit-taking and lack of new drivers weighed on prices.
• Polkadot (#DOTUSD) –3.1% — Weak on-chain metrics and fading interest in cross-chain solutions added pressure.
According to FreshForex analysts, the crypto market is entering a recovery phase. Signals from the Fed hint at upcoming rate cuts, while interest in decentralized projects and crypto ETFs is rising. Market leadership by #BTC and #ETH reflects growing confidence, while altcoins continue to follow the broader upward trend.
Key moves this month:
• Bitcoin (#BTCUSD) +4.6% — Strengthened by a weaker dollar and renewed institutional interest. JPMorgan projects $150,000 by 2025.
• Ethereum (#ETHUSD) +3.8% — Gains on ETF optimism and rising DeFi activity.
• Solana (#SOLUSD) +6.1% — In the spotlight due to network scalability and new Web3 partnerships.
• Ripple (#XRPUSD) +2.4% — Rebounding after positive developments in the SEC case and potential global alliances.
• Dogecoin (#DOGUSD) +5.2% — Community-driven momentum and fresh public support from Elon Musk.
Underperformers:
• Litecoin (#LTCUSD) –1.8%, Cardano (#ADAUSD) –2.2% — Profit-taking and lack of new drivers weighed on prices.
• Polkadot (#DOTUSD) –3.1% — Weak on-chain metrics and fading interest in cross-chain solutions added pressure.
According to FreshForex analysts, the crypto market is entering a recovery phase. Signals from the Fed hint at upcoming rate cuts, while interest in decentralized projects and crypto ETFs is rising. Market leadership by #BTC and #ETH reflects growing confidence, while altcoins continue to follow the broader upward trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
More analytical information and promotions on FreshForex website cutt.ly/mw3aPjui
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.