Crypto Daybook Americas: BTC, ETH, XRP Face Bearish Seasonality June as ETF Flows Slow
Bitcoin,Cryptocurrency,Markets,Banking and Finance
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By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) and other major cryptocurrencies continue to offer little directional clarity to traders, with inflows into spot ETFs slowing during the seasonally bearish period. According to 10x Research, June tends to be a mixed-to-negative month for the largest tokens. Bitcoin has averaged a 1.9% return in June over the past 10 years, evenly split between five positive and five negative occurrences. Ethereum's ether (ETH) averaged an 11.7% decline, with only two out of the last seven Junes in the green....
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