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Bitcoin suffers worst month since November 2022, while Ethereum holds steady
May, 31, 2023
< 1 min read
by CryptoSlate
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.
The post Bitcoin suffers worst month since November 2022, while Ethereum holds steady appeared first on CryptoSlate.
Bitcoin suffers worst month since November 2022, while Ethereum holds steady
May, 31, 2023
< 1 min read
by CryptoSlate
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.
The post Bitcoin suffers worst month since November 2022, while Ethereum holds steady appeared first on CryptoSlate.