In the crypto market report prepared by the ICRYPEX Research team and covering the week of June 24 – July 1, 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 24, 2024.
June 24 Weekly Crypto Market Report Overview
Last week; It was a day when intense macro data, especially PCE data, which was followed with great importance in America, was announced. Even though Bitcoin started such an important week with a decline, it closed the week at $62,772 with a 0.69% depreciation, especially with the purchases made over the weekend. At the bottom, the $ 58,400 level was tested, but there was reaction buying from this region.
Ethereum, on the other hand, started the week with selling pressure, just like Bitcoin, and closed the week above the $ 3400 level, thanks to the purchases made on Saturday and Sunday. Additionally, monthly closings also occurred, resulting in negative monthly closings in June on both Bitcoin and Ethereum.
One of the biggest news of last week was VanEck’s application for the spot Solana ETF. With this news, a value gain of over 5% was observed in Solana in a short time. Following the positive developments seen in Bitcoin ETFs and then Ethereum ETFs, no ETF application for other crypto assets was generally expected, but VanEck’s Solana ETF application was a pioneer in this regard. Additionally, 21Shares announced on Monday that it has applied for a spot Solana ETF, becoming the second company to do so.
Those who want to get more comprehensive information about the week covering June 24 – July 1 can review Weekly Crypto Market Reports: June 24, 2024.
