Bitcoin had its worst month in its history, falling by around 38% last month. In addition, ETH, the second most popular cryptocurrency, also experienced a 47% decline in the same period.
As it is known, cryptocurrencies are becoming more and more common day by day and are seen as the ‘currency’ of the future. Although this is the case, it is possible to say that the crypto money markets have had a very bad period recently.
The leading cryptocurrency Bitcoin (BTC) has experienced serious declines in recent weeks, and after a long time 18 thousand dollars levels had fallen. During this decline, which affected all cryptocurrencies, we shared many news with you and included expert opinions on the subject. Now, it has emerged how the month of June, which was very bad for the markets, took a place in the history of Bitcoin.
Bitcoin had the worst month in its history
According to CNBC, Bitcoin has been around in the past month. to 38% suffered a loss of value and history your worst month left behind. Besides, it is the second most popular cryptocurrency. A massive 47% drop in Ether (ETH) upset the investors. Bitcoin was around $ 31 thousand on the first day of June. Ether, on the other hand, was trading at around $1,900 at the beginning of last month.
This decline upset many investors and caused a large amount of money to be lost. Of course, it should be noted that there are different opinions about this decline. While some hopeful investors see this collapse as a buying opportunity, others say that the situation in the market may worsen and we may not have hit the bottom yet. Regardless of the outcome, investors are advised not to make such investments in amounts they will regret and to be very careful.
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As it is known, the Terra (LUNA) collapse in the past months affected the market. In addition, as we shared with you, it was stated that the decrease experienced may be due to the company called Celsius. In addition, it was stated that the reasons such as the US Federal Reserve’s interest rate hike and investors’ avoidance of risky assets may have caused the decline.
Bitcoin (BTC), at the time of this writing $19,188if Ether (ETH) $1,040 traded around.
(This content is not investment advice.)