Bitcoin posts Q4 return of '-23%'…turns negative for the first time in three years
Bloomingbit Newsroom
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Summary
- It reported that Bitcoin’s return in Q4 last year turned negative for the first time in three years, coming in at -23.07%.
- It said the size of the drop was the largest in seven years since Q4 2018, when it was -42.16%.
- It reported that Ethereum’s return in Q4 last year also came in at -28.28%, turning negative for the first time in three years.
Bitcoin (BTC) posted a negative return in the fourth quarter last year for the first time in three years.
According to CoinGlass on the 1st (local time), Bitcoin’s Q4 return last year was tallied at -23.07%. It marked the first negative reading in three years since 2022 (-14.75%). In terms of the magnitude of the decline, it was the steepest in seven years since Q4 2018 (-42.16%).
Ethereum (ETH) recorded a Q4 return of -28.28% last year. Ethereum also turned negative for the first time in three years since 2022 (-9.94%). By the rate of decline, it ranks fourth after 2018 (-41.62%), 2016 (-39.47%), and 2019 (-28.9%).
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