In the crypto market report prepared by the ICRYPEX Research team and covering the week of June 17 – 24, we compiled the current developments regarding crypto assets, price movements of crypto assets and macroeconomy.
You can take a look at the general flow of this report below, and access all the developments that took place in the 7-day period at Weekly Crypto Market Reports: June 17, 2024.
Overview of June 17 Weekly Crypto Market Report
Although the markets were closed in our country last week due to the holiday, there was a downward movement in the cryptocurrency market, especially Bitcoin, with the macro data flow abroad and the strong PMI data announced especially in the American region.
Bitcoin opened the week at $66,675 and closed the week at $63,210 with a 5.20% loss in value. During this period, Bitcoin dominance closed the week at 55.45% with a 0.48% gain in value. On the Ethereum side, the decline continued and fell below the 3400 level with a 5% drop last week. The total cryptocurrency market value similarly decreased by 5.63% to 2.229 trillion dollars.
When we look at ETFs, we see that Spot Bitcoin ETFs continued to outflow during the four days of trading last week. Last week’s highest rise was on June 18, with $152 million. We see that the release series started on June 13 and continues until June 21. The cumulative inflow amount is 14.56 billion dollars.
Those who want to get more comprehensive information about the week covering June 17 – 24 can review Weekly Crypto Market Reports: June 17, 2024.
