Cryptocurrency News

Worst quarter in 11 years as Bitcoin price and activity plunges

2022.07.01 08:41

Worst quarter in 11 years as Bitcoin price and activity plunges
Worst quarter in 11 years as Bitcoin price and activity plunges

Bitcoin (BTC) has seen its worst quarterly loss in 11 years with price and activity on the blockchain both plunging over the last three months.

The second quarter ending June 30 saw Bitcoin’s price fall from around $45,000 at the start of the quarter to trade at $19,884 before midnight ET on June 30 according to CoinGecko, representing a 56.2% loss according to crypto analytics platform Coinglass.

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