TRUMP(特朗普币)芝麻开门交易所

In the past three months the price of Bitcoin has plummeted by

Date:2024-07-30 19:24:48 Channel:Build Read:


The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


According to Coingecko data, Bitcoin fell for the third consecutive day on the last day of June, ending the worst quarter since the third quarter of 2011.

Bitcoin has just experienced its worst quarter in 11 years, falling from around $45,000 at the beginning of the second quarter to $19,150.89 at the close of June 30, a drop of about 57%.

In the past three months, Bitcoin has been at a low point in terms of both price and trading activity. Throughout the second quarter of this year, Bitcoin has experienced an unprecedented eight consecutive weeks of declines, with a drop of more than 37% in June alone, the largest drop since September 2011.

A drop of more than 50% in just three months is the first time for Bitcoin since the third quarter of 2011, when Bitcoin fell from $15.40 at the beginning of the quarter to $5.03 at the end of the quarter, a drop of more than 67%.

Compared to previous bear markets, Bitcoin fell 39.7% in its worst quarter in 2014 and 49.7% in its worst quarter in 2018.

There are signs that investors are holding back during the bear market, and there are also claims that their funds have run out. According to an analysis published by Arcane
Research on June 29, Bitcoin's spot trading volume fell by more than 58.5% in just nine days, meaning that trading activity on the blockchain has cooled significantly.

With inflation pressures high and global central banks starting to raise interest rates, traditional stock markets have also suffered heavy losses. Charlie
Bilello, founder and CEO of financial consulting firm Compound Capital Advisors, shared a chart on Twitter showing that the S&P 500 index has fallen more than 20% in six months, the worst first half of the year in more than half a century.

I'll answer.

2512

Ask

964K+

reading

0

Answer

3H+

Upvote

2H+

Downvote