Binance Research's June 2024 report reveals a bearish trend in the overall crypto market. 📉 Market value decreased by 11.4% monthly and 9 out of 10 assets finished the month in the red. The reason for this decline is Mt. Gox and the US and German governments moving Bitcoins (BTC) to central exchanges.

In contrast, a few tokens such as TONCoin (TON) continued to grow. TON reached a historic high of $8.24, an increase of 17.5%.

The NFT industry is going through difficult times. Sales fell 26.2% compared to May.

Miners have been selling BTC continuously since November 2023. This is the longest period of net sellers since 2017.

According to Binance Research's May 2024 report, the crypto market rebounded in May, recording capital gains of 8.6%.

What to expect in July? Bitcoin finished June down 7%. This is the second month in 2024 to end with BTC losing value.

July usually sees growth in the crypto market. The average growth rate is 7.3%.

Mt. Gox customers and the possible launch of spot Ethereum ETFs, there are two important events being followed in the second month of the summer.