Bitcoin and Ethereum are in a terrible state


The two most popular cryptocurrencies in the world were mistreated in June — bitcoin recorded its biggest monthly loss in more than a decade.

Bitcoin fell by more than 37% last month, which was the biggest monthly drop since 2011, but Ethereum suffered even more: Ether token fell by 45%.

Key figures in the sector have started talking about an indefinite "crypto winter".

Bitcoin was trading at $19,111 today, which is the lowest price since 2020 and below the all-time high of $70,000 just 10 short months ago.

At $1,053, Ethereum also fell off a cliff after dizzying highs last July.

Over the past decade, two prolonged crypto downturns have caused bitcoin to lose more than 80% of its value.

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