Meanwhile, Ether, the world’s second-biggest cryptocurrency by market capitalization, also finished the month down by about 47%.
in an interview. “I think we have to get through the Fourth of July weekend and get through that quiet period in the market before we build in the second half of the year.”Bank of America analysts on Wednesday pointed to the fact that U.S. consumers are warier of the crypto market with a reported 50% decline in the number of active crypto users from its peak of over 1 million users in November 2021 to less than 500,000 in May. Meanwhile, the U.S.
“If your timeframe is a week, or a month, or even a quarter, I think there’s still significant volatility,” added Hougan. “If you have a time horizon measured in years, then yes, this is? Is this a good time to indeed buy low or will things get worse? Only time will tell.Stay ahead with the latest science, technology and innovation news, for free:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five reasons bitcoin had its worst quarter in more than a decadeBitcoin lost about 58% of value in the second quarter of 2022, posting its worst quarterly performance since 2011. Here's why.
Read more »
Not giving up: VanEck refiles with SEC for spot Bitcoin ETFApproving a spot Bitcoin ETF would be a logical step for the SEC after the authority decided to allow Bitcoin futures-based ETFs last year, VanEck believes.
Read more »
US stock market sees worst first-half slide in 50 yearsStocks plummet and S&P 500 sees worst first half in more than half a century as US data shows persistently high inflation pinching consumer spending
Read more »
Grayscale’s Bitcoin Fund Reaches Record Discount After SEC SnubGrayscale Bitcoin Fund's discount has hit a record at 35%
Read more »
What Is Pancreatitis, the Condition Travis Barker Reportedly Has?What Is Pancreatitis, the Condition Travis Barker Might Have? Gastroenterologists Explain
Read more »
Bitcoin mining revenues fell by over 26% in JuneBitcoin mining revenues were $668 million in June — a 26.3% drop from the previous month.
Read more »