Coin Race: Top Winners/Losers of June, Q2, and H1; Bitcoin Sees Worst Month Ever

cryptonews.com:

July is here, and both June and the first half of 2022 – which admittedly have been pretty miserable for the crypto market – are now finally behind us.

As usual, we take a look at how the most popular coins in the market have performed for the past month, quarter, and half-year.

In June, falling prices hit the second-most valuable cryptoasset, ethereum (ETH), particularly hard, as it lost almost half of its value in that month alone. However, bitcoin (BTC), by many seen as the ‘safe-haven’ within the crypto market, did not fare much better, dropping by close to 40% – its worst month on record.

Still, the number one crypto has held up better than some stocks if we look at the first half of the year as a whole, as pointed out by some leading voices in the crypto community.

Notably, the performance of the two most valuable coins in June was even weaker than in May, when BTC and ETH dropped by 17% and 30%, respectively. That came after another red month in April, when these two largest coins lost around 18% each.

Overall, June was a bad month for the crypto, with every single coin (except stablecoins) in the top 10 by market capitalization seeing double-digit percentage losses.

Starting with BTC, the number one crypto fell by 36.6% to a price of USD 20,106 by the end of the month. Perhaps surprisingly, the sharp drop made BTC the second-worst performer among the top 10 coins.

The only coin in the top 10 that performed worse than BTC in June was ETH, which fell by a whopping 45% for the month to USD 1,085. The drop came as many decentralized finance (DeFi) projects struggled, while centralized crypto lenders such as Celsius (CEL) – which has been active in the DeFi space – halted customer withdrawals.

Looking at the second quarter of