In June, not only the two largest crypto exchanges, Binance and Coinbase, were under fire from the US Securities and Exchange Commission, which caused altcoins to fallbut he also witnessed a series large institutions pushing further into crypto towards the end of the month, fueling positive sentiment. As a result, Bitcoin rose to a one-year high over $31,000 a few days after BlackRock, the world’s largest asset manager, filed for a spot ETF on June 15.

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