The cryptocurrency market has been a rollercoaster, with each June from 2021 to 2024 painting a unique picture of investor sentiment, market capitalization, and Bitcoin’s price movements. By analyzing these metrics, we can uncover patterns, understand the forces shaping the market, and reflect on how far crypto has come. Let’s dive into a detailed analysis of June over the past four years, exploring sentiment, market cap, Bitcoin’s price, and key takeaways, complete with a text-based chart to visualize the trends.

June 2021: A Market in Recovery

Sentiment: In June 2021, the crypto market was reeling from a brutal May correction. After Bitcoin hit an all-time high near $65,000 in April, regulatory crackdowns in China and concerns over Bitcoin’s energy consumption triggered a 50% market crash. Sentiment was mixed, leaning bearish, with the Fear & Greed Index often dipping into “fear” territory (20–40). However, a glimmer of hope emerged when El Salvador announced Bitcoin as legal tender on June 9, a historic move that briefly lifted spirits.

Market Cap: The total crypto market cap hovered between $1.4 trillion and $1.6 trillion, a sharp decline from May’s $2.5 trillion peak. Bitcoin’s market cap was around $600–$700 billion, with its dominance at 40–45%, reflecting altcoins’ significant share during the 2021 bull run.

Bitcoin Price: Bitcoin traded between $30,000 and $41,000, starting June around $37,000, dipping to $30,000 mid-month, and closing near $35,000. Volatility was high, driven by news cycles and China’s mining ban, which slashed the network’s hashrate.

Key Takeaway: June 2021 was a period of consolidation. Investors were cautious, grappling with regulatory uncertainty, but landmark events like El Salvador’s adoption hinted at crypto’s growing global relevance.

June 2022: The Bear Market Bottom

Sentiment: June 2022 was grim. The crypto market was deep in a bear market, exacerbated by the Terra/LUNA and UST collapse in May, which wiped out $40 billion in value and shook confidence in stablecoins and altcoins. Macroeconomic pressures, including the U.S. Federal Reserve’s aggressive rate hikes to combat inflation, crushed risky assets like crypto. The Fear & Greed Index plummeted into “extreme fear” (below 20), reflecting widespread panic.

Market Cap: The total market cap sank to $900 billion–$1 trillion, a far cry from early 2022’s $1.8 trillion. Bitcoin’s market cap dropped to $400–$500 billion, though its dominance rose slightly to 43–46%, as altcoins suffered disproportionately.

Bitcoin Price: Bitcoin hit its lowest point in years, falling to $17,700 on June 18, with a monthly range of $17,700–$31,000. It started June near $31,000 but closed around $20,000, signaling a brutal capitulation phase.

Key Takeaway: June 2022 marked the bear market’s nadir. The Terra collapse and macro headwinds created a perfect storm, but the low prices set the stage for a potential recovery as weak hands were shaken out.

June 2023: Signs of Recovery

Sentiment: By June 2023, the market was turning a corner. After the 2022 bloodbath, sentiment shifted to cautiously optimistic, with the Fear & Greed Index in the “neutral” to “greed” range (40–60). Institutional interest, particularly BlackRock’s filing for a spot Bitcoin ETF, fueled optimism. However, the SEC’s lawsuits against Binance and Coinbase introduced some uncertainty, keeping investors on edge.

Market Cap: The total market cap stabilized at $1.1–$1.2 trillion, a modest recovery from 2022’s lows. Bitcoin’s market cap was $500–$600 billion, with dominance rising to around 50%, signaling its growing influence as a safe haven within crypto.

Bitcoin Price: Bitcoin traded between $25,000 and $31,000, starting at $25,897 and climbing to close near $30,000. The ETF filings and a broader tech stock rally supported this uptrend.

Key Takeaway: June 2023 was a transitional phase. The market was healing, with institutional adoption providing a tailwind, though regulatory hurdles reminded investors of crypto’s volatility.

June 2024: A Bullish Resurgence

Sentiment: June 2024 was a high point, with sentiment firmly bullish. The Fear & Greed Index hit the “greed” range (60–80), driven by the Bitcoin halving in April 2024 and the January approval of spot Bitcoin ETFs. Regulatory clarity, including Bitcoin’s classification as a commodity in the U.S., and reduced fines for Ripple Labs boosted confidence across the board.

Market Cap: The total market cap soared to $2.4–$2.6 trillion, approaching 2021’s highs. Bitcoin’s market cap reached $1.2–$1.3 trillion, with dominance at 50–54%, reflecting its central role in the rally.

Bitcoin Price: Bitcoin ranged from $60,000 to $71,000, averaging $61,382.57 in late June. The halving’s supply reduction and ETF inflows drove this surge, with institutions like BlackRock and Fidelity leading the charge.

Key Takeaway: June 2024 showcased crypto’s resilience. The halving and ETF approvals created a perfect storm for bullish momentum, positioning Bitcoin as a maturing asset class.

Explanation : The market cap dipped to its lowest in 2022 ($900B–$1T) but rebounded to $2.4–$2.6T by 2024, reflecting a strong bull market.

Analysis of Trends: What the Data Tells Us

The four-year journey from June 2021 to June 2024 reveals a cyclical pattern tied to Bitcoin’s halving cycles, regulatory developments, and macroeconomic factors:

1. Cyclical Nature of Crypto:

- The data aligns with Bitcoin’s four-year halving cycle. The 2020 halving fueled the 2021 bull run, followed by a 2022 correction. The 2024 halving, reducing the block reward to 3.125 BTC, set the stage for June 2024’s rally. Historically, post-halving years (like 2021 and 2024) see bullish momentum, while mid-cycle years (like 2022) are bearish.

2. Regulatory Impact:

- Regulatory news was a double-edged sword. China’s 2021 mining ban and the SEC’s 2023 exchange lawsuits created fear, while ETF approvals in 2024 and commodity classification boosted confidence. This suggests crypto remains sensitive to policy shifts, but positive developments can outweigh negatives.

3. Institutional Adoption:

- The growing presence of institutions, from El Salvador’s 2021 Bitcoin adoption to BlackRock’s 2023 ETF filing and 2024 inflows, has been a game-changer. Bitcoin’s rising dominance (from 40% in 2021 to 54% in 2024) reflects its appeal as a “safe” crypto asset for institutions.

4. Macro Influence:

- The 2022 bear market coincided with global rate hikes and inflation fears, while 2023–2024 benefited from a tech stock rally and easing monetary policies. Crypto’s correlation with high-risk assets remains a key driver.

5. Sentiment as a Leading Indicator:

- The Fear & Greed Index mirrored price trends: fear in 2021–2022 preceded lows, while greed in 2023–2024 signaled recoveries. Sentiment often amplifies price movements, making it a useful gauge for investors.

Looking Ahead

The June 2024 bull run suggests crypto is maturing, with Bitcoin cementing its role as a store of value. However, volatility persists—regulatory shifts, macro conditions, and technological developments (like Ethereum upgrades or DeFi innovations) will shape the future. Investors should monitor halving cycles (the next is in 2028), ETF flows, and global policies for clues on the next phase.

In 2025 now also significant increase in defi uses case ETF and institutional adoption. Few days ago Pizza day celebrated Because how actually crypto adopting day by day. Now 2025 May about to end with $BTC ATH. Altcoins also surge $ETH

$XRP

But June will send them into correction and dip buying opportunity and in words bleeding is loading.

June end of the June Bank settlement day. so price falls in every circle.

This is just my general knowledge. What's us your insight? Let discuss in reply.Best of luck.Trade smartly.

NB:Data collected generally monthly basis.Given data not 100% accurate.

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