Global #cryptocurrency market

In a recent report, financial giant JP Morgan has outlined their expectations for Bitcoin (BTC) for the upcoming months of July and August, indicating a potentially turbulent period for the cryptocurrency.

The price of Bitcoin (BTC) surged to $61,000 on Thursday, June 27th, 2024, marking a significant upswing in recent weeks. This bullish trend is attributed to two key factors: inflows into Bitcoin exchange-traded funds (ETFs) and a growing sense of confidence within the cryptocurrency market.

This week's massive $9.25 billion Bitcoin options expiry is a pivotal event for the cryptocurrency market, with both bulls and bears eagerly anticipating the outcome. The expiry, which is set for June 28th, has the potential to significantly impact Bitcoin's price trajectory in the short term.

SushiSwap (SUSHI), the decentralized exchange token, is hinting at a potential rally towards $0.85 as demand appears to be picking up.

Injective (INJ), a decentralized cross-chain derivatives protocol, has recently captured the attention of crypto analyst Javon Marks, who predicts a "monstrous rally" for the token, reaching a staggering $380 target. This bullish forecast comes as a surprise to many, given the current volatility of the cryptocurrency market.

While the overall cryptocurrency market experiences a slump, Toncoin (TON), the digital currency linked to the messaging app Telegram, defies the trend. TON has seen a 20% price increase in the past month, even as the global market capitalization dips 15%.