Cryptocurrency Market on June 17: Volatility Due to Impact from the Middle East
Market Volatility Situation During Trading Day
On June 17, the cryptocurrency market recorded significant volatility according to data from SoSoValue. Investors witnessed the recovery of major cryptocurrencies, despite political instability in the Middle East affecting market sentiment. Throughout the trading session, Bitcoin (BTC) increased by 1.31% over 24 hours, approaching the threshold of 109,000 USD and currently holding at 107,000 USD. Ethereum (ETH) also surpassed the 2,600 USD mark, rising by 1.36%, reflecting a strong inflow of capital into major assets.
Growth Analysis by Sectors in the Market
Sectors related to cryptocurrency such as PayFi, BCH, XMR, and XRP all recorded growth. Specifically, the PayFi sector grew by 3.25%, demonstrating increased interest in DeFi platforms. Coins such as BCH, XMR, and XRP all increased by more than 2%, reflecting the positive return of layer 1 and layer 2 Tokens. The CeFi, DeFi, and NFT sectors also maintained growth momentum, indicating that capital flows are still shifting towards innovative products.
News and Trends About Prominent Token Codes
A notable event is that TRX increased by 0.77% following news of the SRM project listing plan via the backdoor method. This demonstrates an increasingly clear trend regarding layer 1 blockchain and network expansion projects. Meanwhile, meme sectors and Layer 2 are experiencing slight corrections, reflecting the divergence in investor sentiment. Overall, the cryptocurrency market on June 17 shows remarkable flexibility and recovery capability in the context of new instability emerging in the Middle East.
Source: https://tintucbitcoin.com/tien-dien-tu-leo-thang-btc-gan-109k-usd-eth-vuot-26k-usd/
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