Bitcoin overall fell by more than 40% in the second quarter, setting the worst record in history for the same period

Time:2021-12-28 Source: 874 views Trending Copy share

Bitcoin market was very good at the beginning of this year. I thought it was a good year, but the result was not the case. According to Dow Jones Market Data, Bitcoin fell 41.98% in the second quarter, writing down the worst in history. Record over the same period.

Bitcoin prices have been on record since 2010, and the cumulative decline from April to June this year is the most tragic record in history. Although Bitcoin still rose by more than 20% in the first half of this year, it was the weakest since 2018.

Ether, the second-ranked cryptocurrency, also slowed down in the second quarter after experiencing a fiery rally at the beginning of the year. Despite this, Ether still rose by 185% in the first half of the year, the best since 2017.

Another popular cryptocurrency, Dogecoin, rose by 380% in the second quarter, dwarfed by the 980% increase in the first three months of this year. In the first half of the year, it still rose by more than 5,000%. The transfer price of this meme coin, which was born in 2013, was US$0.243 at the beginning of the year. It was temporarily quoted at US$0.251393 before the deadline on Wednesday, which was far lower than the high of US$0.7407 in May.

Before the deadline, the price of Bitcoin was temporarily reported at US$34,934.41, which was down 3.57% within 24 hours; the price of Ether was temporarily reported at US$2,267.16, which was up 2.94% within 24 hours.

As the economy gradually recovered from the inter-epidemic blockade and home epidemic prevention, the stock market also showed strong performance this quarter.

The Dow Jones Industrial Average rose more than 4% in the second quarter of this year and is expected to achieve five consecutive quarters of rise. The S&P 500 index is expected to rise by more than 8%, and the Nasdaq composite index is up 9.5%. This is the best quarterly performance of the two indexes since the economy rebounded from the new crown epidemic in the fourth quarter of last year.

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