{"id":425806,"date":"2020-06-01T15:08:27","date_gmt":"2020-06-01T15:08:27","guid":{"rendered":"https:\/\/wncen.com\/?p=425806"},"modified":"2024-06-11T14:03:27","modified_gmt":"2024-06-11T14:03:27","slug":"magical-q2-green-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/magical-q2-green-bitcoin\/","title":{"rendered":"Another Magical Q2 for Bitcoin Ends in the Green, BTC Up Almost 50%"},"content":{"rendered":"
Despite major volatility caused by the halving, Bitcoin has ended yet another Q2 in the green. After showing poor performance in Q1 being down 10% QoQ, Bitcoin closed the year\u2019s second quarter with a price increase of 48.56 percent.<\/p>\n
Bitcoin Finally Gets Out Q1 Rut<\/h2>\n
The economic downturn caused by the COVID-19 pandemic has left the crypto industry in shambles in the first three months of the year, losing over $74 billion in market cap in a single week.<\/p>\n
The first quarter of the year was the third consecutive negative quarter Bitcoin has seen since 2015, ending it with a 10.58% loss when compared to the fourth quarter of 2019.<\/p>\n
However, it seems that the volatility many predicted would cause an even worse performance in Q2 didn\u2019t hit as hard, as Bitcoin closed the second quarter of the year with a significant gain.<\/p>\n