Ethereum sees first monthly consecutive losses since August 2023 amid new ETFs 
Quick Take
Bitcoin
As July comes to a close, Bitcoin has finished approximately 6% higher, hovering around $66,000, nearly offsetting June’s 7% drop. In 2024, Bitcoin experienced five positive months and two negative ones. Looking ahead to August, Bitcoin has historically averaged a 2.7% gain since 2013, though it has fallen between 11% and 13% in the past two years. However, the real excitement lies in Q4, where October, November, and December have historically seen impressive average gains of 23%, 47%, and 5% respectively, according to Coinglass.
Ethereum
Coinglass data shows that Ethereum experienced a roughly 3.5% decline in July, marking the first consecutive back-to-back negative months since July and August 2023. Notably, July also saw the launch of Ethereum ETFs. Historically, Ethereum performs better in the first half of the year, with double-digit growth from January to May. This trend suggests that as we move into the latter stages of the year, Bitcoin, based on historical performance, is expected to outperform Ethereum.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
Latest Insights
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,474.10
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
