The fall in the price of the first cryptocurrency in April-June by 56.2% was the strongest since the third quarter of 2011, when the losses amounted to 67% . Such data is provided by Coinglass.
During the specified period, bitcoin fell from $45,000 to $19,884. During the bear markets of 2014 and 2018, the quarterly dynamics did not exceed 39.7% and 49.7%, respectively.
Digital gold posted its worst 37% decline since September 2011 in June.
Recall that JPMorgan strategist Nikolaos Panigirtzoglou allowed the completion of deleveraging in the crypto market.
Earlier, Deutsche Bank experts predicted a recovery of bitcoin to $28,000 by the end of 2022.
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