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BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB


Bitcoin dropped 56.2% within the second quarter of 2022, in response to crypto analytics platform Coinglass. That makes it Bitcoin’s worst quarter for the reason that third quarter of 2011 when BTC value fell by 67%. A big a part of the harm was achieved within the month of June when Bitcoin plunged 37%, the worst month-to-month drawdown since September 2011.

It’s not all gloom and doom for crypto buyers. On June 29, JPMorgan strategist Nikolaos Panigirtzoglou mentioned that the “Web Leverage metric” means that crypto’s deleveraging could also be on its final legs. The eagerness of crypto firms with stronger stability sheets to bail out crypto companies in misery can also be a optimistic signal.

Each day cryptocurrency market efficiency. Supply: Coin360

One other optimistic view on Bitcoin got here from Deutsche Financial institution analysts. In a current report, the strategists mentioned that the S&P 500 may get well misplaced floor and rally to the degrees seen in January. This might profit Bitcoin as a result of its shut correlation with the S&P 500.

May the downtrend resume or will decrease ranges appeal to consumers? Let’s examine the charts of the top-10 cryptocurrencies to search out out.