Bitcoin has registered its worst Q2 performance since 2018.
Bitcoin’s price opened Q2 at $58,800, falling to its current price of $33,200. According to data from analytics website Skew, Bitcoin’s return for Q2 2021 sits at a lowly -40%, falling from 102% for the previous quarter.
Bitcoin’s performance. Image: Skew
Bitcoin’s previous two Q2 returns (for 2020 and 2019) were 42% and 157% respectively.
Since 2014—when Bitcoin registered a Q2 return of 33.95%—it has never registered a Q2 return lower than -6%. In fact, Q2 has traditionally been a positive quarter for Bitcoin, with the cryptocurrency registering a positive return on six out of eight occasions since 2014.
Bitcoin’s Q2 struggles
There are several reasons behind Bitcoin’s record-setting drop during the last three months.
The flagship cryptocurrency’s long-standing issues with the environment came into sharp focus when Elon Musk, CEO of Tesla and former advocate for Bitcoin, announced that the EV man
Źródło: https://decrypt.co/74952/bitcoin-registers-worst-q2-performance-for-8-years
