Investorideas.com

Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS



Share on StockTwits

Bitcoin's Q2 Performance Worst in the Last 10 Years

 

July 21, 2022 (Investorideas.com Newswire) The crypto market has been in turmoil in recent days. According to research from BanklessTimes, Bitcoin experienced its worst quarter in a decade. The popular crypto fell by 56.27%, exceeding its previous record of a loss of 40.37% in the first quarter of 2021.

BTC was trading at roughly $45,000 at the beginning of the quarter that concluded in June. This was a 35% decrease from its all-time high of $69,000. On June 19, BTC was $17,100, the lowest price in the previous 18 months.

Commenting on the report, the CEO of BanklessTimes, Jonathan Merry, said this. "Bitcoin performance is worrying. However, if the past informs the present, then it will surge. In 2011, the drop was at 85%, but later it went up. So, Bitcoin's bad performance in Q2 might not be the end of the road. Historically, Bitcoin has been volatile. So, the recent drop in price should not come as a surprise to investors. Nevertheless, monitoring the market and making informed investment decisions is important."

Reasons for the Bitcoin Correction

During the quarter, the crypto market as a whole worked in an atmosphere characterized by excessive inflation. This was due to the Federal Reserve's efforts to impose high-interest rates.

With the collapse of the Terra (LUNA) ecosystem, the decline in the price of Bitcoin increased. The dispute was a contributing factor that led to Bitcoin dropping below a critical support level of $30,000.

Effects of Bitcoin Meltdown

Due to volatility, most businesses involved with cryptos have adjusted their business strategies. For instance, organizations like Coinbase have resorted to layoffs and hiring freezes. Some, such as Vauld and Voyager Digital, have filed for bankruptcy, while others had to close down their operations entirely. Full story and statistics can be found here: Bitcoin's Q2 Performance Worst in the Last 10 Years

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow Us on StockTwits






News and Research for Bitcoin, Blockchain, Digital Currency Stocks and ICO's

Get more Bitcoin, Blockchain, Digital Currency stock investor ideas - news, articles, podcasts and stock directories

Buy a crypto guest post on Investorideas.com