Worst quarter in 11 years as Bitcoin price and activity plunge - BitcoinEthereumNews.com
BitcoinWorst quarter in 11 years as Bitcoin price and activity plunge07 / 01 / 2022बिटकॉइन एथेरियम समाचार बिटकॉइन (बीटीसी) 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 Thursday saw Bitcoins price fall from around $45,000 at the start of the quarter to trade at $19,884 before midnight EST on Thursday, अनुसार to CoinGecko. This represents a 56.2% loss, अनुसार to crypto analytics platform Coinglass. It‘s the steepest price fall since the third quarter of 2011 when BTC गिर गया from $15.40 to $5.03, a loss of over 67% and worse than the bear markets of 2014 and 2018 when Bitcoin’s price slumped 39.7% and 49.7% in their worst quarters respectively. The past quarter saw eight weekly red candles in a row for Bitcoin and the month of June saw a drawdown of over 37%. This was the heaviest monthly losses since September 2011, which saw the price fall more than 38.5% in the month. There are also signs that investors are keeping their powder dry — or they‘ve run out of funds — during the भालू बाजार. Activity on the blockchain is taking a dive with