TL;DR
- The crypto market rose 2.62% in June, but Bitcoin dropped over 11% and fell below $100,000 due to geopolitical tensions in the Middle East.
- Stablecoin supply surpassed $250 billion, driven by the GENIUS Act in the U.S. and an on-chain transaction volume $7.5 trillion higher year-over-year.
- PancakeSwap jumped from a 16% to a 42% market share among DEXes following its Infinity upgrade, which improved speed, costs, and liquidity efficiency.
The crypto market closed June with a modest 2.62% increase in total capitalization, though under intense volatility.
Geopolitical tensions in the Middle East shaped market behavior. Bitcoin was the most exposed asset to these episodes of volatility. The industry’s leading cryptocurrency fell over 11%, dropped below $100,000, and recorded its largest three-day liquidation since February, driven by speculative retail trading. Once regional conditions stabilized, BTC recovered some ground and trading activity regained balance.
Despite the correction, Bitcoin spot ETFs maintained steady capital inflows, signaling that corporate investment remained resilient despite short-term market swings.
New Regulations and Technologies Fuel Crypto Market Growth
This cycle continues attracting traditional operators to crypto through public instruments, though results have varied depending on the type of company. Treasury strategies that added Bitcoin early delivered stronger returns.
Meanwhile, stablecoin issuers and trading firms showed relative stability, while mining and hardware companies remain well below their peak valuations.
The stablecoin market also hit record numbers. In June, total supply surpassed $250 billion for the first time, with on-chain transaction volumes more than $7.5 trillion higher than the same period last year. This growth was driven by legislative support in the U.S., where the Senate passed the GENIUS Act. The new regulation fueled expectations for greater institutional demand.
The Rise of PancakeSwap
On the decentralized exchange front, trading volume reached an all-time high, accounting for 27.9% of total spot transactions in June. PancakeSwap led this surge, growing from a 16% participation in April to 42% in just two months. Its Infinity upgrade was key to achieving this, improving trade execution times, lowering costs, and optimizing liquidity provisioning on the platform
