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ETH.CM=-79.81 (-7.20%)
BTC.CM=-1,025.90 (-5.10%)
Bitcoin is on track to post its worst quarterly loss in more than a decade.
The world’s largest cryptocurrency has lost around 58% of its value in the second quarter of 2022, according to data from CryptoCompare. Bitcoin has fallen from $45,524 at the start of the quarter and was trading at around $18,000 on Thursday, the last day of the three-month period, according to CoinDesk data.
This is the worst quarterly performance for bitcoin since the third quarter of 2011 when it lost 68.1% of its value.
Bitcoin is down 39.8% in June and is on pace for the worst month ever dating back to 2010 when it became available on exchanges, Coin Metrics data shows.
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