đąOdaily Planet Daily broke the news! JPMorgan Chase's latest research report shows that the total market value of cryptocurrencies fell 8% to around $2.25 trillion in June, recovering most of the gains in May. đČAnalyst Kenneth Worthington pointed out that the market value of tokens, DeFi and NFTs all retreated in June, and daily spot crypto trading volume fell 18% compared with the previous month.
đJPMorgan Chase further pointed out that this trend is in stark contrast to traditional markets, with the S&P 500 index rising 4% and the tech-heavy Nasdaq index rising 6% that month. đ
đHowever, stablecoins outperformed other crypto sectors in June, mainly driven by USDT. At the same time, the total market value of listed Bitcoin mining companies also increased by 19%, and these companies benefited from the gains brought by "electricity use cases related to artificial intelligence." đ°
đHowever, the spot Bitcoin ETF had the second worst month of traffic since its launch, with 10 US spot ETFs expected to have sales of $662 million this month. Despite this, we remain optimistic about the prospects for Bitcoin! đ