The second quarter of 2022 for bitcoin was the worst in 11 years

The second quarter of 2022 for bitcoin was the worst in 11 years

The second quarter of 2022 was the worst for bitcoin in 11 years

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.

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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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