Bitcoin Had The Second Worst Quarter In Its Young History

Fear and panic are back in the crypto market.

Admittedly, they never really left, but investors had managed in recent sessions to take a break and catch their breath. But this was only short-lived.

June 30, the last day of the second quarter of 2022, which began on April 1, was like the May and June trading sessions: very volatile. Bitcoin began by falling below the $19,000 threshold before rising slightly.

The king of cryptocurrencies ended the quarter at around $19,305.77, according to data firm CoinGecko, down 58.5% over the quarter. This is the worst quarterly performance for Bitcoin since the third quarter of 2011 when it lost 68.1% of its value.


Leave a Comment