Underscoring another positive trading week for crypto markets was news that CME Bitcoin futures volumes and user activity hit all-time highs. Hash rate also touched all-time highs during the week as mining activity on the Bitcoin blockchain continues to grow.

Bitcoin continues to grow in market dominance, trading green over the last week as other large cap assets faltered. Mainstream support for BTC also grew, with the popular 'Cash' app adding deposit support for Bitcoin - and the futures platform LedgerX gaining CFTC approval for physically settled Bitcoin futures.

Bitcoin prices continue to soar with the cryptocurrency reaching a yearly high of USD$11,400 last week. Trading volumes on derivatives markets are at all-time highs as bullish sentiment remains strong despite fears of a pullback. The second largest blockchain network, Ethereum, also enjoyed strong gains in the last week due to strong market momentum and improving on-chain activity.

The crypto market continued its difficult start to the month of June with most large cap assets correcting strongly over the last 7 days. Many analysts believe more corrections are incoming based on both onchain and market indicators.

Following a notably strong month of May, crypto markets corrected this and the price of BTC fell well below the $9000 price level. Bitcoin, however, evidenced strong value as a macroeconomic hedge digital store of value building high demand in the volatile Argentinian economy.

Crypto trading last week was defined by a significant price spike on Sunday which added color to an otherwise quiet week of price activity. In the coming week, two major updates on the Chainlink and Tezos chain may drive value into their respective native tokens.

Bitcoin and crypto markets were able to bounce back from a price scare over the weekend to end the week with double digit gains. News of incoming institutional investment vehicles also buoys perspective for medium-to-long term investors.

Crypto markets shook off fresh Tether and Bitfinex concerns to enjoy a primarily positive week of trading. Bitcoin lead markets with near double-digit gains and continues to show signs of medium-term bullishness.

Following the filing of a petition by the New York Attorney General against the Bitfinex exchange Bitcoin markets showed strong resilience - shaking off an initial price slump following the news and looking set to restart an accumulation pattern.

Another strong week for the overall crypto sector as the consensus in the marketplace is that Bitcoin has bottomed and has entered an accumulation phase.

Interested in staying up to speed with the events that will impact crypto prices in the week ahead? Then bookmark Crypto Market Forecast for a curated weekly summary of forward-focused crypto news that matters

Interested in staying up to speed with the events that will impact crypto prices in the week ahead? Then bookmark Crypto Market Forecast for a curated weekly summary of forward-focused crypto news that matters