📊As of June 29, 2024, half a year later, the cryptocurrency market is demonstrating noticeable dynamics due to a number of key factors.
▫️Market Growth: Bitcoin, being the leading cryptocurrency, has shown an impressive growth of 55% this year, reaching new all-time highs. Ethereum and other digital currencies have also benefited from the SEC's approval of spot ETFs, attracting significant investment.
▫️Token Unlocking: Almost $875 million worth of tokens are expected to be unlocked this month from projects such as Aptos ($APT ), Arbitrum ($ARB ), Starknet ($STRK ) and Sui. This event may have an impact on prices due to increased supply.
▫️Spot ETFs: The SEC's approval of Bitcoin spot ETFs triggered an influx of investment that exceeded $12 billion. The SEC may soon approve similar ETFs for Ethereum, which will further stimulate market growth.
Overall, the cryptocurrency market has seen steady growth, supported by positive factors such as the approval of spot ETFs, growing attention from institutional investors and increased regulation.