Global #cryptocurrency market

However, as June begins, certain altcoins are facing potential declines. Assets like Cardano (ADA), Bitcoin Cash (BCH), Axie Infinity (AXS), and The Sandbox (SAND) have encountered increased bearish sentiment, raising concerns about the possibility of them relinquishing some of their recent gains in the near future.

Bybit, a leading crypto exchange ranked among the top three by trading volume, has observed a notable increase in EUR trading activity subsequent to the introduction of its EUR Zero Fees Fiesta initiative in April 2024.

Renowned cryptocurrency analyst and trader Crypto Jelle has provided observations on the price movements of Bitcoin, the leading digital asset, highlighting the emergence of a robust bullish flag pattern.

According to Luxor Technology’s HashRateIndex on May 29, Bitcoin's seven-day hashrate reached an unprecedented 659 exahashes per second (EH/s), marking a notable 13.6% increase from its post-halving low of 580 EH/s.

The recent surge in Dogecoin's (DOGE) price suggests a potential for gains as it indicates a recovery trend. Historically, instances of short liquidations within the past 24 hours have often been succeeded by price increases, and this pattern could repeat itself this time.

Institutional investors have made a significant entrance into the cryptocurrency market, particularly following the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States.