The Cryptocurrency Market Update – Overview for June 30, 2023

<div><img width="150" height="150" src="https://blog.roboforex.com/wp-content/uploads/2020/04/btc-150×150.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" style="margin-bottom: 15px;" srcset="https://blog.roboforex.com/wp-content/uploads/2020/04/btc-150×150.jpg 150w, https://blog.roboforex.com/wp-content/uploads/2020/04/btc-250×250.jpg 250w" sizes="(max-width: 150px) 100vw, 150px" /></div><p>BTC shows signs of potential growth as mining becomes less complex.</p>

<p>On Friday, BTC reached 30,710 USD, indicating a weekly increase of 2.35%.</p>

<p>Positive developments in domestic news and a restored correlation with the US stock market are favoring the leading cryptocurrency. However, it is important to note that a solid rally has yet to form as buyers remain cautious.</p>

<p>To establish a confident upward movement in the BTC exchange rate, the cryptocurrency needs to sustain a position above 31,150 USD. Once this level is achieved, the next target for growth would be 33,000 USD.</p>

<p>The total capitalization of the cryptocurrency market is gradually rising and currently stands at 1.190 trillion USD. BTC maintains a market share of 50.2%, while the share of ETH has decreased to 18.9%.</p>

<p>BTC mining complexity eases</p>

<p>Recent calculations indicate a 3.26% decrease in the mining complexity of the leading cryptocurrency. Cumulative miner revenue for May reached 916 million USD, showing consistent growth since November of the previous year.</p>

<p>UK's King approves cryptocurrency legislation</p>

<p>The King of the UK has given formal approval to a draft bill that empowers regulators to oversee digital assets and stablecoins. This move comes after the legislation was previously agreed upon in the House of Lords.</p>

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