Insights

Bitcoin suffers worst month since November 2022, while Ethereum holds steady

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Bitcoin is currently 8% down as May closes out, the worst-performing month since November 2022, according to Coinglass data.
The largest cryptocurrency is down roughly 6% in the second quarter so far after a strong Q1 where Bitcoin appreciated 72%.
Ethereum faired better in May; currently 1% down, and up 1.96% in the ongoing Q2.
As the summer seasons start to kick in, this is a pretty good time for Bitcoin, with a lot of the pain historically coming in Q3.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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