Bitcoin Set for Second Quarterly Gain as Smaller Tokens Lag by the Most Since 2020

Largest digital asset’s 8% April-June gain extends 2023 bounce

Smaller tokens post quarterly slump amid a US SEC crackdown

By
Sidhartha Shukla

Bitcoin registered a second straight quarterly gain, tightening its grip on crypto markets as smaller tokens nurse losses.

The largest digital asset rose 7% in April through June, aided by optimism about increasing demand if BlackRock Inc., Fidelity Investments and others succeed in their efforts to start spot Bitcoin exchange-traded funds in the US.