The first cryptocurrency closes June with a fall in value for the sixth time in a row. This June, the price decline was far from the most significant, the maximum drop of 37.28% was recorded in June 2022.
In June 2024, Bitcoin had several significant price corrections. At the end of the month, the price of the first cryptocurrency fell below $59,000 after it became known that the managers of the bankrupt MtGox exchange announced the start of paying compensation to clients.
Ether also showed a fall in value for the sixth time in its history. The worst was also June 2022 – 44.79%.
Ethereum saw an increase in early June 2024 amid expectations for the launch of ETH-ETF. However, the US Securities and Exchange Commission (SEC) slowed down the applications of issuing companies, which was one of the factors behind the drop in the ETH rate, CoinGlass noted.
Earlier, former CEO of the payment company PayPal and billionaire Peter Thiel said that he does not yet see the first cryptocurrency starting to grow rapidly anytime soon.
Source: Bits
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