Crypto Weekly (24/06 – 30/06): Bitcoin Wild Swings, Mt. Gox Repayments to Commence

The crypto market at the end of June witnessed several significant events, accompanied by strong volatility in Bitcoin due to interventions from major players.

Yments To Commence

Crypto Market Highlights of the Past Week

The crypto market experienced a turbulent week, with Bitcoin, the leading digital currency, showcasing significant volatility. Early in the week, Bitcoin’s price plunged from a high of $64,200 to a low of $58,400, causing concerns among investors about a potential severe decline. However, by the end of the week, Bitcoin made a remarkable recovery, climbing back up to nearly $64,000 and erasing most of the earlier losses.

These sharp fluctuations are attributed to the influence of major market players, including governments from the U.S. and Germany, and notably, the Mt. Gox exchange, which was once the world’s largest Bitcoin exchange before its collapse in 2014.

Aside from Bitcoin’s rollercoaster ride, several noteworthy events occurred in the crypto space:

  • Wall Street Giants Enter the Market: Major financial institutions on Wall Street began venturing into crypto with the launch of the Solana Spot ETF.
  • SEC’s Ongoing Legal Actions: The U.S. Securities and Exchange Commission (SEC) continued its legal scrutiny of blockchain companies, specifically targeting Consensys and MetaMask.
  • Blast Airdrop Disappointment: The much-anticipated airdrop by the Blast project ended in disappointment for many in the community.
Crypto
Chart BTC

Top 10 Gainers of the Week

Up
Source: Coinmarketcap

Top 10 Losers of the Week

Down
Source: Coinmarketcap

Significant News of the Week

Token Unlocks This Week

This week, several projects are set to unlock significant amounts of tokens:

  • io.net will unlock approximately 7.5 million IO (valued at $25 million).
  • Ethena will release around 15 million ENA (valued at $8 million).

Unlock

Source: token.unlock

Key Macro Events This Week

Investors and financial market enthusiasts should keep a close eye on three critical economic events this week:

  1. Fed Chairman Jerome Powell’s Speech (Tuesday, 02/07, 13:30):
    • Jerome Powell’s insights on upcoming interest rate policies can significantly impact market movements. His speech is a prime opportunity to gauge the Federal Reserve’s future policy direction and anticipate market volatility.
  2. Initial Jobless Claims Report (Wednesday, 03/07, 12:30):
    • This report provides crucial insights into the U.S. labor market. Higher-than-expected jobless claims could signal economic weakness, negatively affecting the USD. Conversely, lower claims could bolster the dollar’s strength.
  3. Non-Farm Payrolls (Friday, 05/07, 12:30):
    • As a critical economic indicator, this report reflects the health of the U.S. economy. A higher-than-expected increase in non-farm jobs could be positive for the USD, while a lower number may apply downward pressure.

Don’t miss out on the latest developments in the crypto market. Follow us for up-to-the-minute news and updates!

(3 votes)

4.3/5

(3 votes)
  1. Avatar of Joy Michael Udousoro
    Joy Michael Udousoro

    Solana is a much watch in this coming bullrun

Comments are closed.

Latest

70% Of Bnb Chain Memecoin Investors Are In Profit

News | Editor Choice | Memecoin

70% of BNB Chain Memecoin Investors Are in Profit – CZ’s “Meme Season” Is in Full Swing

The memecoin wave on the BNB Chain is exploding, with over 70% of investors reporting profits as capital floods in — marking the start of the most vibrant “meme season” ever predicted by CZ.

Paypay Acquires 40% Stake In Binance Japan

News | Editor Choice | Policy & Regulations

PayPay Acquires 40% Stake in Binance Japan

The acquisition of a 40% stake in Binance Japan marks a historic milestone for PayPay, paving the way for the convergence of traditional payments and digital assets, and shaping the future of Japan’s digital finance landscape.

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Screenshot 2025 09 10 100533