How’s the Market Doing? 📈
June was a rough month for crypto traders. Bitcoin closed the month down about 18%, dipping as low as $58,000, which is its lowest since 2024, before climbing back to around $62,000 last Thursday. Ethereum, as at the time of writing, is trading at $1,730, up 9.3% from last week.Â
What are the analysts saying?Â
Reports point out that fear is high because investors have been moving their money out of crypto funds and into AI stocks. However, major investors and big companies are quietly buying the dip. Japanese company Metaplanet recently added 2,823 Bitcoin (BTC) to become one of the world’s largest corporate holders. It cost the company about $170.7 million and brought its total treasury to 43,000 BTC, worth around $2.6 billion.
 If you are wondering what Bitcoin projection for this month is, most short-term forecasts for July put Bitcoin somewhere between $58,000 and $70,000.
Where’s the market headed? Nobody knows for sure, and anyone who says they do is guessing. But here’s something to note, Bitcoin needs to continue holding above $58,000. And If it pushes past roughly $65,000, analysts say the outlook could improve toward $70,000. If it slips below $58,000 again, it could go even lower.Â
