June proved to be another great month for cryptocurrencies, with the overall crypto market cap rising more than $50 billion to $322.3 billion. The majority of the gains came from Bitcoin’s (BTC) 28% performance over the last 30 days, with Bitcoin’s dominance now sitting around 61.3% after peaking at 63.5% this week.
Thanks to Bitcoin’s outperformance in June, many altcoins are finishing the month in positive territory against the dollar while remaining underwater against BTC. Notable exceptions include Chainlink (LINK), Grin (GRIN), Ren (REN), Zcoin (XZC) and KuCoin Shares (KCS).
Interestingly, the last time Bitcoin’s percent of the total crypto market exceeded 60% was back in December of 2017 where it peaked at just over 64% before tumbling all the way to 35% as altcoins surged.
Disclaimer: This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.