View full page at cryptocraft.com

 

Brutal Month for Bitcoin as June Ends With Biggest Drop in 11 Years

From coindesk.com

{chart} Bitcoin (BTC) slumped over 37.3% in June – the biggest monthly price drop since 2011, in an epic market sell-off that triggered job cuts across the crypto industry and forced many lenders, including Celsius, to halt withdrawals and scramble to line up financial lifelines. The largest cryptocurrency by market capitalization ended the month at $19,925. “This was one of the worst quarters on record pretty much everywhere across the equity market, across the bond market, across a lot of different places,” said Jeff Dorman, chief investment officer at the digital-asset manager Arca Funds. Investor fears over steep ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis