According to analytical company Coinglass, the fall in the price of BTC for April-June by 56.2% was the strongest since the third quarter of 2011, when the losses amounted to 67%.
Bitcoin fell from $45,000 to $19,884 during this period. During the bear markets of 2014 and 2018, the quarterly dynamics did not exceed 39.7% and 49.7%, respectively.
Bitcoin posted its worst decline (-37%) in June since September 2011.
The negative dynamics in the second quarter continued against the backdrop of a fall in the S&P 500 index. During the first half of the year, the index lost 20.6% of its value, showing its worst result since 1962.
Deutsche Bank specialists have predicted Bitcoin will recover to $28,000 by the end of the year.