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June witnessed significant fluctuations in the cryptocurrency market, as revealed by AMBCrypto's latest report and survey. While Bitcoin struggled under geopolitical pressures and regulatory uncertainties, memecoins experienced a surge in investor engagement, though not necessarily in profitability.

Bitcoin's journey through June was tumultuous. After the FOMC meeting, skepticism from the Fed Chair regarding the U.S. economy led to a market downturn, with Bitcoin's price dropping to $66,249 and total long liquidations reaching $32.92 million. Moreover, Bitcoin spot ETFs experienced a net outflow of $580.6 million in mid-June, underscoring the impact of conflicting economic indicators on investor confidence. Despite these challenges, some analysts remain optimistic, predicting a possible influx in ETF inflows which could propel Bitcoin's price northward.

Bitcoin’s July prediction

The supply dynamics of Bitcoin also suggest a looming crunch. With the cryptocurrency's creation rate fixed at less than 1% annually, and ETFs absorbing 2.43% of the supply, a future supply shock seems inevitable. This is exacerbated by the Federal Reserve's reduced interest rate cut expectations, which may confine Bitcoin within a $64,000 to $70,000 trading range for the foreseeable future.

Amidst this, geopolitical tensions, particularly involving France and the escalating situation between China and Taiwan, have further destabilized the market, causing shifts towards safer assets like the U.S. dollar, thereby putting additional pressure on Bitcoin.

7,259 memecoin investors reveal their strategies

On the memecoin front, AMBCrypto's survey of 7,259 investors highlighted the vibrant yet volatile nature of this niche market. Over 50% of investors in popular memecoins like SHIB, DOGE, and PEPE reported profitability through June. However, the investment motivations vary widely, with 43% prioritizing real-world use cases and 47% swayed by hype and community engagement.

Interestingly, the survey also noted a generational divide in memecoin investments and a significant spike in new investors, with nearly 38% making their first investment within the last month. This trend is coupled with a "scattershot" investment approach, with 53% of investors spreading bets across various memecoins in hopes of striking big.