June Monthly Recap: FUD Has Entered the Chat!

A
@brianq
Jul 2, 2024


Despite the typical ups and downs of crypto markets in the month of June, the roller coaster ride was just a bit more egregious than usual over the tumultuous past month. Three months removed from the mid-March all-time high levels of Bitcoin and many others, declines were undeniable across market caps as the summer kicked off in a flurry, then a worry.


June 6th was the first notable date that really shook markets after:


  • The European Central Bank (ECB) announced a rate cut, leading to Bitcoin briefly reaching over $71.9K
  • Roaring Kitty was roaring like it was 2021 all over again, announcing his $586M bold investment in GameStop. This helped spark a rally in meme coins, and GME skyrocketed over 80% in value, powered by the profit distributions generated from BTC

However, less than 24 hours after the FOMO was