weekly crypto market report 3-june-2024

Weekly Crypto Market Reports: June 3, 2024

In the crypto market report prepared by the ICRYPEX Research team and covering the week of June 3 – 10, 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 3, 2024.

June 3 Weekly Crypto Market Report Overview

We saw that in the week when two important macro data were announced, the intense news flow regarding crypto assets calmed down, leaving a horizontal-negative effect on the price. While Bitcoin opened the week at $67,765 and closed it at $69,648 with a 2.78% gain in value, its dominance increased from 54.27% to 55.20% during this period. Ethereum, on the other hand, could not reach the $ 4000 level again and closed the week at $ 3,706 with a 1.97% loss in value. During this period, there was a slight increase in the total crypto asset market value and it closed at the level of 2.487 trillion dollars.

Looking at ETFs, it was seen that spot Bitcoin ETFs continued their positive inflow series in a row and increased it to 18 days. However, when we examined the DeFi market, the total TVL value reached 192 billion dollars in May and reached the highest level since February 2022. Ethereum maintained its dominance in the DeFi market with a 68% share and a TVL value of $130 billion.

Those who want to get more comprehensive information about the week covering June 3 – 10 can review Weekly Crypto Market Reports: June 3, 2024.

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