Cryptocurrencies: Bitcoin Hits 3-Month Low

Core Insights - The article provides an overview of major cryptocurrencies, focusing on Bitcoin, Ether, and XRP, highlighting their market positions and performance trends [1][6]. Bitcoin - Bitcoin is recognized as the first cryptocurrency and has evolved into a mainstream financial asset since its inception in 2009 [2]. - Recently, Bitcoin's closing price fell to its lowest level in over three months, currently up approximately 15% year-to-date but about 13% below its record close earlier this month [3]. Ether - Ether, launched in July 2015 on the Ethereum blockchain, holds the second largest market share among cryptocurrencies [4]. - Ether's closing price has also dropped, reaching its lowest level in over two months, with a year-to-date increase of around 16% and approximately 20% below its record close from August 2025 [4]. XRP - XRP, launched in 2012 and owned by Ripple, was once among the larger cryptocurrencies but has since faced increased competition [5]. Comparative Analysis - An index has been created to compare Bitcoin, Ether, and XRP, utilizing a logarithmic scale to illustrate relative percentage changes and long-term growth since November 9, 2017, with Bitcoin currently leading [6]. ETF Developments - On January 10, 2024, the SEC approved several spot Bitcoin ETFs from various issuers, including Grayscale Bitcoin Trust ETF and Fidelity Wise Origin Bitcoin Fund [7]. - On July 23, 2024, multiple spot Ether ETFs were launched, including Grayscale Ethereum Trust and Franklin Ethereum ETF, providing new investment opportunities [8].