Binance Research revealed a report on the cryptocurrency market for June 2024.
According to the latest research, market capitalization declined by 11.4% over the month. However, this trend is typical for June — over the past five years, the crypto market closed June with a positive indicator only twice.
In addition, nine out of ten assets by market capitalization ended the month in the red. According to experts, this decline was caused by news about payments to Mt. Gox and the U.S. and German governments’ movement of Bitcoins (BTC) to centralized exchanges.
Dive into the crypto market
Growth Leaders
One of the few tokens that has grown is Toncoin (TON). The asset grew by 17.5%, reaching a historical high of $8.24. Binance Research attributed this growth to the success of The Open League program and support of the ecosystem through grants. In addition, the number of active daily addresses on the…
