June Monthly Report: A Great Bitcoin June Has Turned Into an Altcoin July Boon
Just three weeks ago, crypto markets were approaching some pretty dangerous levels. Bitcoin was on the verge of falling below $25k for the first time since March, and Ethereum was getting dangerously close to seeing the $1,500's once again.
But then a somewhat notorious company known as Blackrock made an absolutely game-changing announcement. BlackRock announced its spot Bitcoin ETF on June 15, 2023. This immediately increased investor exposure to crypto's #1 asset without having to purchase and own it directly.
As a result, as we can see above, Bitcoin saw a major turnaround and ended up seeing its market cap gain about 13% in a month after it was actually on track for a -10% drop before the ETF Announcement.
We can see quite clearly how the price began rocketing upward on June 15th following the big Blackrock announcement, and
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