Bitcoin suffers worst month since November 2022, while Ethereum holds steady

Quick Take

• Bitcoin is currently 8% down as May closes out, the worst-performing month since November 2022, according to Coinglass data.
• The largest cryptocurrency is down roughly 6% in the second quarter so far after a strong Q1 where Bitcoin appreciated 72%.
• Ethereum faired better in May; currently 1% down, and up 1.96% in the ongoing Q2.
• As the summer seasons start to kick in, this is a pretty good time for Bitcoin, with a lot of the pain historically coming in Q3.

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