Weekly Wrap: Bitcoin Nears Two-Year Low

Leading cryptocurrencies such as Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) reached their lowest levels of the year over the past week.

In late afternoon trading on June 26, Bitcoin was trading at $59,900 U.S., near its lowest level in two years and down more than 30% year-to-date. Ethereum's price is down nearly 50% on the year at $1,580 U.S. Bitcoin has fallen below the key support level of $60,000 U.S. while Ethereum struggles to break through resistance at $2,000 U.S.

Other cryptocurrencies such as Solana (CRYPTO: $SOL) and XRP (CRYPTO: $XRP) also fell over the past trading week and are each down more than 40% at the end of the year's first half. The total crypto market cap has declined by 30% to nearly $2 trillion U.S. in this year's first half. A big issue continues to be outflows from exchange-traded funds (ETFs).

Ripple, The Company Behind XRP, Is Valued At $50 Billion

Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge

Blockchain Projects Decline 75% As Developers Shift To A.I.

Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance

New York Stock Exchange Invests $600 Million In Polymarket

U.S.-listed spot Bitcoin

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/weekly-wrap-bitcoin-nears-two-235200130.html)