⚠️ Bitcoin has had two consecutive green quarters for the first time since 2021! How much was the return? Check here -
Bitcoin 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.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.
For monthly returns, bitcoin has also been positive in 2023. Compared to 2022, when the digital asset had only four green months, it has recorded just one negative this year. The asset started January with 39.63% monthly returns, breaking a negative streak of -16.23% and -3.59% in November and December.
In February, BTC posted a return of 0.03%, while March and April followed suit with 22.96% and 2.81%, respectively. May emerged as the only negative month with -6.98%, and June was better with 11.98%. For July, the leading digital currency already has a positive return of 1%, although it is still too early to say whether the month will end positively.
Overall, the cumulative growth of BTC since its inception has surpassed 20,000,000%, exceeding that of Nasdaq and major U.S. stock indices, which stand at 541% and 282%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin (BTC) Price Analysis for July 2Can the rate of BTC keep rising next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Read more »
These Small BTC Whales Continue to Buy Bitcoin Aggressively: ReportRecently published report shows that small-sized whales are monthly grabbing massive amounts of Bitcoin
Read more »
Bitcoin traders torn between breakout and $28K dip as BTC price stallsBitcoin traders are split over direction as BTC price moves trend sideways.
Read more »
BlackRock Re-Files for Bitcoin Spot ETF as BTC Price Approaches 2023 HighBlackRock has refiled for a Bitcoin spot exchange-traded fund (ETF), raising the stakes in the race among financial giants
Read more »
First Mover Asia: Bitcoin Crosses $31K After Spot BTC ETF Issuers Begin RefilingBitcoin began Tuesday's Asia business day at $31,153 as the world’s largest digital asset rallied on Monday after prospective spot BTC ETF issuers re-filed their applications. ALSO: The first half of 2023 has been good for majors. By TheSamReynolds
Read more »
Bitcoin (BTC) Bull Run Is Just Getting Started, Says AnalystWith potential ETF approval, new round of institutional investment in $BTC might surge even higher, and all we see now is just the beginning
Read more »