Bitcoin reached its lowest price in 21 months early Thursday, with both Bitcoin and Ethereum posting monthly drops exceeding 20 percent. Prediction market participants anticipate additional declines in the near term.
Bitcoin traded at $59,532 while Ethereum stood at $1,561.96 as markets reacted to the steep slide. The moves marked the largest monthly losses for both assets in recent periods.
Traders on prediction platforms indicated they do not expect the downward pressure to ease soon. The early Thursday low for Bitcoin underscored ongoing volatility in major cryptocurrencies.
Market data also showed prices for several other tokens fluctuating within narrow ranges during the same session.
