Bitcoin (BTC) Takes a Hit Despite its strong start, Bitcoin (BTC) had a tough time in the second quarter. The price of the leading cryptocurrency fell from $59,000 to $35,000 in just a few weeks. This was a significant drop of nearly 40% in a short span of time. The main reason for this crash was the renewed crackdown on cryptocurrency mining and trading in China. The Chinese government's strict policies caused a panic among investors, leading to a massive sell-off in the market. Ethereum (ETH) Outperforms While Bitcoin was struggling, Ethereum (ETH) managed to outperform the market in the second quarter. The second-largest cryptocurrency recorded a quarterly return of +14%, despite facing similar challenges as Bitcoin. The main reason for Ethereum's resilience can be attributed to the growing popularity of decentralized finance (DeFi) and non-fungible tokens (NFTs). These use cases for Ethereum's blockchain technology helped to attract more investors and drive up its p...
Welcome to Daily Crypto Talkies News, your ultimate source for latest and most relevant news, insights, and updates from the world of cryptocurrency. Our blog aims to provide valuable information to crypto enthusiasts for only learning purpose.
Join with us !
Download App Now