Coinglass: Q2 2022 Was the Worst for BTC in 11 Years

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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.