Bitcoin (BTC) has seen positive returns for two consecutive quarters, ending the first half of 2023 in green, according to data compiled by the cryptocurrency information platform CoinGlass.
For the first quarter, the leading crypto asset posted a return of 71.77% and 7.19% at the end of the second one. The last time bitcoin recorded two consecutive green quarters was in Q3 and Q4 2021, with 25.01% and 5.45%, respectively. This is a significant development as the crypto market seems to be recovering from the bear season that spanned across most of 2022.
Bitcoin Sees 2 Consecutive Quarters in Green
Bitcoin broke its quarter-long negative streak in Q1 2023. For 2022, the asset recorded negative returns every quarter, with Q2 being the worst due to the fall of the Terra ecosystem. The crypto asset posted quarterly returns of -1.46%, -56.2%, -2.57%, and -14.75% in Q1, Q2, Q3, and Q4, respectively.
For monthly returns, bitcoin has also been positive in 2023. Compared to 2022, when the digit
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