September 27, 2022

Top 5 most profitable and unprofitable cryptocurrencies in June 2022

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In early summer, the Bitcoin exchange rate fell below $18,000 for the first time since November 2020. For investors, this was a signal to buy an asset. In mid-June, industry monitoring recorded 12.96 thousand daily deals with a volume of more than $100 thousand each. The last time such activity was noted in May 2021 against the background of the growth of BTC to $63 thousand.

Observers also showed interest in savings among smaller investors. Holders of wallets with assets up to 0.1 BTC have made an all-time record 10.1 million transactions. However, the depreciation of bitcoin resulted in a sharp drop in profitability for miners – from 0.13 USD/day for 1 TH/s to 0.08 USD/day for 1 TH/s. To cover operating expenses, representatives of the extractive industry were forced to sell 18.25 thousand BTC, intensifying the downward price rally.

At the end of June, the fear and greed index was at an extremely low value – around 10. Against the backdrop of general pessimistic market sentiment, some cryptocurrencies from the top 100 by capitalization showed unexpected growth.

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