Bitcoin just had its worst month on record
— Experienced two prolonged periods, Sub -$ 1 trillion market cap, Pessimistic tone, Bet big, 47 %. though weakness, Total holdings, Effectively, Years, Adults said, Note — 1 min read
Bitcoin lost more than 38% of its value in June, as of Thursday afternoon. Ether, the world's second-biggest cryptocurrency by market capitalization, ended the same period down by about 47%. In May, the popular U.S. dollar-pegged stablecoin project UST and its sister token luna imploded, tallying a $60 billion collective loss. In early June, lending firm Celsius, which promised users high yields for their digital currency deposits, paused withdrawals for customers, citing "extreme market conditions" The drop in June was the worst for the cryptocurrency since it was first made available on exchanges in 2010. Still, many bitcoin enthusiasts expect another revival, and are buying at what they anticipate will be record lows. Source