Key Takeaways
- Bitcoin plummeted by 56% in Q2 2022.
- Meanwhile, Ethereum had a negative quarterly performance of 67%.
- Low trading volumes and open interest point to further losses in Q3 2022.
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Bitcoin’s status as a hedging asset was called into question in Q2 2022 after it suffered a steep drop in tandem with global financial markets. Ethereum has performed worse than Bitcoin with liquidity drying up across all major cryptocurrency exchanges.
Low Liquidity Ahead…
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