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Bitcoin falls below $60,000, on track for a rare back-to-back quarterly loss
Key takeaways
- Ether fell 9.5% on the week to about $1,567, dogecoin dropped 11.7% to $0.073, Hyperliquid's HYPE lost 10.6% and XRP slid 8.7% to $1.04.
- The market has spent the week leaning on bitcoin's relative steadiness while everything riskier fell faster.
- The weekend marks the end of a weak first half, with just two days to go.
The altcoins again led the way down. Ether fell 9.5% on the week to about $1,567, dogecoin dropped 11.7% to $0.073, Hyperliquid's HYPE lost 10.6% and XRP slid 8.7% to $1.04. Solana held up better at $70, off 3.5%, and tron was the most resilient, down 1.5%.
The market has spent the week leaning on bitcoin's relative steadiness while everything riskier fell faster.
The weekend marks the end of a weak first half, with just two days to go. Bitcoin is on track to finish the second quarter down about 12%, after a roughly 22% drop in the first, according to data from Coinglass. Ether has fared worse, down about 25% in the second quarter following a 29% first-quarter fall.
Article preview — originally published by CoinDesk. Full story at the source.
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