$BTC and $ETH Finish Their Weakest Month of the Year
June was the most difficult month of the year for the crypto market. Bitcoin lost around 20%, falling below $58,000, while Ethereum also dropped by more than 20% and continued its long-term downtrend.
Even with this decline, both cryptocurrencies still ended the second quarter with small gains. Bitcoin finished the quarter up about 1%, and Ethereum gained around 1.6%.
Several factors weighed on the market, including money leaving spot Bitcoin ETFs, uncertainty around major companies such as Strategy, and lower trading activity from investors. #ETH
There is still some optimism. Historically, July has often been a stronger month for crypto, with the biggest market rallies usually taking place during the autumn.
#BTC
June was the most difficult month of the year for the crypto market. Bitcoin lost around 20%, falling below $58,000, while Ethereum also dropped by more than 20% and continued its long-term downtrend.
Even with this decline, both cryptocurrencies still ended the second quarter with small gains. Bitcoin finished the quarter up about 1%, and Ethereum gained around 1.6%.
Several factors weighed on the market, including money leaving spot Bitcoin ETFs, uncertainty around major companies such as Strategy, and lower trading activity from investors. #ETH
There is still some optimism. Historically, July has often been a stronger month for crypto, with the biggest market rallies usually taking place during the autumn.
#BTC