Bitcoin Sees Worst Quarter In 11 Years

Name	Symbol	Market	Market Cap ($)	Algorithm
Amp	AMPUSD	Crypto	402,437,317	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Amp

AMPUSD

Crypto

402,437,317

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.000235	-3.16%	0.00719	0.00719	0.0072

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.000235

-3.16%

0.00719

0.0072

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.00744	0.00714	0.00737	0.007425	0.001400 - 0.016850

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.00744

0.00714

0.00737

0.007425

0.001400 - 0.016850

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	03:40:45	5,647.00	0.00722	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

03:40:45

5,647.00

0.00722

USD

Price x Volume	Volume	Base Symbol	Related Pairs
187,163.01	25,706,138.00	AMP	AMPEUR	AMPGBP	AMPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

187,163.01

25,706,138.00

Bitcoin Sees Worst Quarter In 11 Years

01/07/2022 4:00pm

NEWSBTC

The leading cryptocurrency in the world, Bitcoin (BTC), saw its worst quarter-over-quarter drop in 11 years. According to data from CoinGecko, BTC has lost over 57.43% in the second quarter of 2022. Additionally, by selling below $19,000 on the final day of Q2, Bitcoin had its most significant quarterly loss in more than a decade. The current state of the Bitcoin market is not good. The position was favorable even at the end of Q1 when it was approaching close to $50,000. But after that, things became more complex, and the price kept dropping. Related Reading | TA: Ethereum Trims Gains, Why ETH Remains At Risk Below $1,100 From $45,524 at the beginning of the year, bitcoin slid to a low of $17,593.2 on June 18. It recorded its worst-performing quarter as a result of its persistently negative price moves, which have seen it drop below $20,000 several times in June. According to CoinGecko data, BTC dropped by 38% over the month of June and is currently trading at $19,447.62. Since its launch in January 2009, the price of bitcoin has been on an up-and-down Ferris wheel. Like Q2 2021, the second quarter of 2022 will be referred to as the “Bloodiest Quarter In Crypto. Quarter 2 of last year lost more than 40% of its value. Concerns About Risks Due To Market’s Downturn Situation After the news that the Federal Reserve is preparing to reduce liquidity in the financial markets, Bitcoin fell precipitously and the downturn continued. Investors avoided riskier assets because of rising inflation and interest rates. As a result, the market lost huge profits. Throughout the quarter, several significant problems have surfaced. For example, Celsius; recently, the firm decided to halt all account withdrawals, raising concerns that the business would soon go bankrupt. Cryptocurrency exchange CoinFlex also stopped customer withdrawals on June 23, due to the harsh market conditions. CEO of CoinFlex, Mark Lamb stated: Due to extreme market conditions last week & continued uncertainty involving a counterparty, today we are announcing that we are pausing all withdrawals. Moreover, on the other hand, regulators have become ever more concerned about cryptocurrencies’ hazards. Everyone is terrified due to the recent failure of TerraUSD (UST) and the issues experienced by crypto lenders, including Celsius. In order to address the possible threat that crypto-assets can bring to the financial system, the European Systemic Risk Board (ESRB) urged urgent regulation to solve the situation. Related Reading | Avalanche Might Continue Its Downtrend As Price Slips To $16 In a report on June 30, the EU stated: While potential systemic implications stemming from these market segments currently seem limited, systemic risks could materialise quickly and suddenly. Europe is not the only one. There are 103 countries listed in November 2021 whose governments urged their financial regulatory agencies to set legislation and policies for financial institutions concerning cryptocurrency. Including France, Germany, Japan, Mexico, and many others. Featured image from Flickr, chart from Tradingview.com

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

AMPUSD Amp