June Monthly Recap: FUD Has Entered the Chat!

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

There’s more of this Insight

Choose your subscription plan

Sanbase PRO
Unlock all PRO insights

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!