Bitcoin heading for worst quarter since start of 2018 bear market
Bitcoin appears poised to post its second-weakest quarter since the start of 2014. Bitcoin is poised to post its worst-performing quarter since the start of the 2018 bear trend.The current quarter is also on track to be the second-worst on record for BTC ine almost eight years since the start of 2014.According to crypto data aggregator, Skew, Bitcoin is currently down nearly 46% for the quarter, the weakest quarter since Q1 2018 — when it shed approximately 50% of its value over just three months amid the fall-out from 2017’s all-time highs.#bitcoin up 10% year-to-date but on track for....
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Bitcoin sees its worst quarter since Q1 2018, with returns falling down by 45.91%. As per the data released by Skew., the worst quarter in BTC history was Q1 2018, where the returns were almost -50%. Q2 2021 sees a return percentage of -45.91, not too far off from what it was back then, and […]
Quarterly returns on Bitcoin haven’t been this bad since it was trading under $20 in the early days of Mt. Gox, but the stock market isn’t faring so hot either. Bitcoin (BTC) has seen its worst quarterly loss in 11 years with price and activity on the blockchain both plunging over the last three months. The second quarter ending June 30 saw Bitcoin’s price fall from around $45,000 at the start of the quarter to trade at $19,884 before midnight ET on June 30 according to CoinGecko, representing a 56.2% loss according to crypto analytics platform Coinglass. It’s the steepest price fall since....
Last week, when the June monthly candle came to a close in Bitcoin, it also signaled the end to the second quarter of the year and its first half. The top cryptocurrency suffered its worst quarterly decline since 2011, but it ultimately held above a key support level. Here is a closer look at the quarterly support level currently holding in BTCUSD and how it has put in nearly ever major bottom in the past. Bitcoin Crash Falls To Level Where Bear Markets Bottom Throughout the 2018 bear market, a primary narrative giving hope to bag holders, was the fact that institutions would eventually....
June saw the worst monthly performance for Bitcoin since 2011, but several metrics indicate that its underlying support base continues to grow stronger. Bear markets in cryptocurrency are known to be painful, but the month of June was especially trying for the crypto faithful as a confluence of factors resulted in the price of Bitcoin (BTC) falling 37.9%, its worst monthly performance since 2011.Bitcoin monthly performance. Source: Glassnode.As a result of the continued widespread weakness, a majority of the so-called Bitcoin “tourists” have now exited the space, leaving only the most....
Hardware wallet providers are seeing increases in revenue in this bear market as crypto investors withdraw assets off centralized exchanges. Blockchain analysis firm Glassnode recently characterized the 2022 bear market as the worst on record. This seems to be the case due to events such as the war in Ukraine and rising inflation, coupled with serious problems among centralized crypto exchanges. Yet, the bear market hasn’t negatively impacted all players in the crypto ecosystem. Hardware wallet providers seem to be benefiting from the massive amount of crypto withdrawals from centralized....