Bitcoin, ether prices continue to fall, below 40% in Q2

Bitcoin prices witnessed a slump with almost 50% from its mid-April high after questions were raised on its energy consumption by Tesla Inc.’s Elon Musk along with a clampdown from China.

Written By Zee Media Bureau | Edited By: Shubham Singh | Last Updated: Jul 06, 2021, 10:22 AM IST | Source: Bureau

Bitcoin, ether prices continue to fall, below 40% in Q2

Bitcoin slumped 1.89 percent in the last 24 hours to $33,813.12 on July 6.
Bitcoin fell around 40 percent in the second quarter.
Bitcoin prices witnessed a slump with almost 50% from its mid-April high after questions were raised on its energy consumption by Tesla Inc.’s Elon Musk along with a clampdown from China.

Bitcoin prices continued to see a downfall this week and remained under the $34000-mark on Tuesday. Ether was also down over 1% to $2,234, CoinDesk data showed.

Bitcoin slumped 1.89 percent in the last 24 hours to $33,813.12 on July 6. Due to the crackdown against cryptocurrencies across the globe, it has seen a downward trend from mid-April. Bitcoin fell around 40 percent in the second quarter, one of the largest quarterly declines in the history of cryptocurrency.

Meanwhile, other virtual tokens like Cardano saw a slight gain in margins as it was up at $1.42 whereas Uniswap increased by 4% to $21.2. Uniswap volume surged over 50% in the last 24 hours.

Bitcoin prices witnessed a slump with almost 50% from its mid-April high after questions were raised on its energy consumption by Tesla Inc.’s Elon Musk along with a clampdown from China.

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Bitcoin, ether prices continue to fall, below 40% in Q2

Bitcoin prices witnessed a slump with almost 50% from its mid-April high after questions were raised on its energy consumption by Tesla Inc.’s Elon Musk along with a clampdown from China.

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