Reported 12 months ago
Bitcoin and various cryptocurrencies struggled in the second quarter of 2024, with Bitcoin's price facing pressure to stay above $60,000 as the quarter ends. Despite initial bullish predictions of reaching $100,000, Bitcoin saw a decline of over 14% during this period. Other cryptocurrencies like Ether also experienced losses, while altcoins like Solana, Ripple's XRP, and Dogecoin faced significant drops. Analysts anticipate more challenges in the upcoming third quarter, with potential price decline to $55,000 and historical data showing the third quarter as historically weak for crypto returns.
Source: YAHOO