Bitcoin closed June near $58,000, an 18% monthly drop that pushed prices to levels not seen since late 2024. Ethereum finished the second quarter down 25%, marking its third consecutive losing quarter — a first in the asset's history.
Bitcoin's June slide
The world's largest cryptocurrency ended June at roughly $58,000, shedding 18% over the month. That's the lowest close since late 2024, erasing months of gains. The sell-off accelerated in the final week of June, with Bitcoin briefly dipping below $57,000 before recovering slightly.
Ethereum's historic losing streak
Ethereum closed Q2 down 25%, its third straight losing quarter. No other period in Ethereum's history has seen three consecutive quarters of declines. The streak highlights the depth of the current bearish cycle for the second-largest cryptocurrency.
Uncharted territory
The three-quarter losing streak is unprecedented for Ethereum. Since its launch, the asset has never posted three consecutive losing quarters. The Q2 drop of 25% adds to losses from previous quarters, though exact figures for those are not available in this report. The streak underscores persistent selling pressure that has kept ETH in a downtrend for over nine months.
The June close and Q2 numbers leave little doubt: the crypto market is in a sustained downturn. For Ethereum, the third straight losing quarter is a historic first. For Bitcoin, the $58,000 level is a line in the sand.
