$BNB Tokens DeFi lead gains in June, while Bitcoin remains around $108,000.
Hyperliquid, Uniswap, and Aave were standout performers in the cryptocurrency market last month, while Pi Network, Worldcoin, and TRUMP plummeted by up to 26%, according to a report by QR Asset Management.
June brought significant regulatory advancements in the United States and growth in institutional adoption in the cryptocurrency market, but these favorable events were not enough to drive the price of Bitcoin BTC 92,769 € and altcoins, highlights the monthly market analysis bulletin by digital asset manager QR Asset Management.
Despite geopolitical turmoil and an uncertain macroeconomic landscape—with controlled inflation in the U.S., but no immediate interest rate cuts—the cryptocurrency market showed resilience. While volatility affected traditional markets, the cryptocurrency sector witnessed Bitcoin's consolidation as a protective asset, the institutionalization of stablecoins, and the search for decentralized financial alternatives.
The largest cryptocurrency in the market consolidated above the $100,000 range, saw its dominance grow, but closed the month with a slight decrease of 0.15%.
The U.S. Securities and Exchange Commission (SEC) proposed an "Innovation Exemption" to simplify rules related to DeFi (decentralized finance) platforms, while the GENIUS Act passed in the Senate brought clear rules for dollar-pegged stablecoins.
