
Viacheslav
@onein77
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The cryptocurrency market in June 2024 has seen significant activity and volatility. Bitcoin experienced a sharp surge to $71,700 after the European Central Bank's rate cut, but it quickly fell back to just above $70,000 [oai_citation:1,Crypto Market Analysis | 7 June 2024](https://coinswitch.co/switch/crypto/market-analysis/7-june-2024/) [oai_citation:2,Crypto Market Analysis | 6 June 2024](https://coinswitch.co/switch/crypto/market-analysis/6-june-2024/). This fluctuation is partly driven by interest rate cuts from major financial institutions, which typically boost the appeal of riskier assets like Bitcoin [oai_citation:3,Crypto Market Analysis | 6 June 2024](https://coinswitch.co/switch/crypto/market-analysis/6-june-2024/).
Token unlocks are also a notable event this month, with nearly $875 million worth of tokens from over 30 blockchain projects becoming available. Major unlocks include Arbitrum, which will release 92.65 million ARB tokens worth $105.6 million, and Aptos, unlocking 11.31 million 0 reply
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