Bitcoin set for worst quarterly drop in a decade | Business and Economy News

Bitcoin set for worst quarterly drop in a decade | Business and Economy News

For all the gloom, some analysts say that the bottom may be near.

By Bloomberg

Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment.

The 58% drawdown in the biggest cryptocurrency is the largest since the third quarter of 2011, when Bitcoin was still in its infancy, data compiled by Bloomberg show.

The decade in between those hallmarks saw…


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