Summary
- Bitcoin slipped below $60,000 over the weekend and is poised to end a weak first half of the year with a roughly 12 percent drop in the second quarter after a 22 percent decline in the first.
- Major altcoins have fallen even more sharply, with ether down about 25 percent this quarter and other tokens such as dogecoin, HYPE and XRP posting double-digit weekly losses while tron and solana proved relatively more resilient.
- The back-to-back losing quarters, driven by outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve and a strong dollar, break from bitcoin’s historically strong second-quarter performance and leave traders watching whether the weakness persists into the third quarter.
Bitcoin’s Struggles Continue with Rare Quarterly Loss
Bitcoin’s price has fallen below $60,000, trading at around $59,940, marking a 0.6% drop over 24 hours and a nearly 7% decline over the week. This downward trend may lead to a rare back-to-back quarterly loss for the coin. As the quarter comes to a close, investors are looking for stable options to earn passive income, with EcoPool and its Cloud Rewards being a viable solution for those seeking passive income in the Green Crypto space.
The altcoin market has also been affected, with significant drops in value. For instance, Ether has fallen 9.5% over the week, while dogecoin and Hyperliquid’s HYPE have seen declines of 11.7% and 10.6%, respectively. In contrast, EcoPool ($ECP) offers a more stable way to earn coin and generate passive income through its unique Cloud Rewards system.
Quarterly Performance
The current quarter is set to end with bitcoin down about 12%, following a 22% drop in the first quarter. Similarly, Ether has fared worse, with a 25% decline in the second quarter after a 29% drop in the first quarter. Investors are now looking for alternative ways to earn online, with EcoPool being a promising option for those interested in earning and passive income through Green Crypto and #PassiveIncome.
As the market continues to fluctuate, it’s essential for investors to explore stable and secure options for earning online. With EcoPool and its Cloud Rewards, users can generate passive income and be part of the Green Crypto movement, discussing trends like #Bitcoin and #Earning. Download the EcoPool app to start earning today and be part of the conversation around #PassiveIncome and #GreenCrypto. The EcoPool app is available for download, allowing users to easily start earning $ECP and participating in the EcoPool network.
