Bitcoin's Sell-Off & Ethereum ETP Progress: June 2024 Recap

Bitcoin's Sell-Off & Ethereum ETP Progress: June 2024 Recap

The crypto markets were under considerable pressure in June 2024, driven primarily by selling pressures on Bitcoin, which had a broader pullback effect on the sector. Grayscale Research remains optimistic about the crypto market’s fundamentals. It supposedly has promising developments ahead, particularly concerning the progress toward spot Ethereum Exchange-Traded Products. Factors Contributing to Ethereum and Bitcoin’s Decline In June, Bitcoin and Ethereum dropped around 10%, weak performers on a risk-adjusted basis compared to other assets. More than one factor contributed …