Bitcoin price down 20% so far in 2022 after worst January since 2018
January gives no relief to hodlers, but it’s been eight years since Bitcoin had a double-digit “red” February. Bitcoin (BTC) is heading for its worst January performance in four years — could all not be what it seems?Data from on-chain analytics resource Coinglass shows January 2022 to be the least profitable since the peak of Bitcoin’s last halving cycle. Investors, however, are still waiting for a “blow-off top.”Will Bitcoin see a rare “red” February?Against practically all expectations, BTC price action has continued to underperform this month.At current spot prices of $36,800, BTC/USD....
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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 […]
Despite extreme fear in the market, institutional investors appear to be re-accumulating Bitcoin using dedicated funds. After recording heavy outflows at the start of 2022, cryptocurrency investment funds have seen a gradual uptick in investor demand over the past two weeks, offering cautious optimism that the worst of the market downturn had passed.Digital asset investment products saw $19 million worth of cumulative inflows last week, according to CoinShares. Bitcoin (BTC) and multi-asset funds led the gains with $22 million and $32 million worth of inflows, respectively. The news wasn’t....
Data compiled by Messari indicates that the 157 crypto assets that posted record highs in 2018 are still bumbling along at prices more than 90% down from their ATHs. Data published by crypto market data aggregator Messari shows that 83% of crypto assets that tagged all-time highs in January 2018 are still down by at least 90%.The data was spotted by CMT Digital analyst Matt Casto, who tweeted data showing the average return-on-investment, or ROI, of crypto assets sorted by the year in which they posted record price highs.Holding assets that hit high marks +3 years ago is proving to be a....
Bitcoin had previously failed to close above $13,000 every day since Jan. 15, 2018.
The leading cryptocurrency in the world, Bitcoin (BTC), saw its worst quarter-over-quarter drop in 11 years. According to data from CoinGecko, BTC has lost over 57.43% in the second quarter of 2022. Additionally, by selling below $19,000 on the final day of Q2, Bitcoin had its most significant quarterly loss in more than a decade. The current state of the Bitcoin market is not good. The position was favorable even at the end of Q1 when it was approaching close to $50,000. But after that, things became more complex, and the price kept dropping. Related Reading | TA: Ethereum Trims....