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.
Source: https://cryptoslate.com/insights/bitcoin-suffers-worst-month-since-november-2022-while-ethereum-holds-steady/