In June 2024, the cryptocurrency market will be marked by several significant developments.
#Bitcoin is attracting a lot of attention as it nears its all-time high. Analysts predict that if BTC can break above the $69,330 resistance level, it could climb to $74,400. Additionally, the European Central Bank's recent rate cut briefly propelled BTC to $71,700, although it stabilized just above $70,000 afterward.
$ETH is also in the spotlight, including the approval of an Ethereum ETF. Analysts believe that this is not yet fully integrated into the market, which could herald a significant rise in the coming months.
Among the #altcoins Bitget Token (BGB)**, **Toncoin (TON)** and **Binance Coin (BNB)** stand out. BGB has been climbing recently, nearing its all-time high, while TON has already set new records and could continue to do so. BNB, trading at $591, is also closing in on its all-time high of $686.
However, the market may come under pressure due to the unlocking of nearly $875 million in tokens from projects like Aptos (APT), Arbitrum (ARB), Starknet (STRK), and Sui (SUI) this month. These events often lead to increased selling pressure as holders may choose to cash out their unlocked tokens.
These developments indicate a dynamic and potentially volatile period for the cryptocurrency market in June 2024.
