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Bitcoin ETFs bring in over $6 billion in November after another $1 billion day Solana hits new $264 all-time high as DEX volume reaches $100 billion monthly milestone US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders Bitcoin surges to $97k as market leverage hits historic $63 billion Memecoin revival drives Solana DEX Raydium past Tether in fees
Bitcoin suffers worst month since November 2022, while Ethereum holds steady Bitcoin suffers worst month since November 2022, while Ethereum holds steady James Van Straten · 1 year ago
Insights Bitcoin

Bitcoin suffers worst month since November 2022, while Ethereum holds steady

Bitcoin's worst-performing month since November 2022 contrasts with Ethereum's relative stability.

James Van Straten / @jvs_btc / May. 31, 2023 at 7:10 pm UTC

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.
Monthly Returns: (Source: Coinglass)
Monthly Returns: (Source: Coinglass)
Monthly Returns: (Source: Coinglass)
Monthly Returns: (Source: Coinglass)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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Bitcoin BTC (24h)
$98,623.03 -0.08%
Vol: $76.2B MCap: $1.95T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

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Ethereum ETH (24h)
$3,329.46 +0.15%

Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).

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