See More

Bitcoin Posts Best Q1 Performance Since 2013

1 min
Updated by Anirudh Tiwari
Join our Trading Community on Telegram

In Brief

  • Bitcoin has gained around 100% over the last 3 months.
  • The gains in March marked a streak of 6 consecutive months in the green.
  • The COVID rebound as well as the rising institutional interest could be the driving force.
  • promo

Through March, Bitcoin’s price rose from 45,092 on average on the first day of the month all the way to around 57,627 at the closing.

This marks around 29% monthly gains in the price of bitcoin. In the first two months of the year, bitcoin’s price had increased 15% in January and 37% in February.

These increases mark the best start of the year for BTC since 2013. In that year, bitcoin had posted gains of about 300% in the first quarter. In contrast, 2018 would have to be remembered as the year when bitcoin had its worst first quarter. In that year, the cryptocurrency lost around 50% of its value in the same three-month frame. Currently, bitcoin has racked up six straight months in the green. 

Bear & Bull Runs  

The leading cryptocurrency had been hovering around $7,000 at the end of 2019 until its price reached the mid $10,000 range by February 2020.

From mid-February 2020 onward through, the price seemed to be on a downward trend – it plummeted from almost $8,000 to $5,300 in just a couple of days in March 2020. 

However, in the fourth quarter of 2020, the price surged from around $10,000 to $23,000.

More Companies Willing To Take A Chance On Bitcoin   

Just yesterday, Goldman Sachs announced that it would be exploring offering crypto assets, particularly bitcoin, to their big investment clients. Paypal and its former boss Elon Musk have also made big pushes to explore the cryptoverse through accepting BTC payments.

Top crypto platforms in the US | March 2024
Coinbase Coinbase Explore →
AlgosOne AlgosOne Explore →
Chain GPT Chain GPT Explore →
iTrustCapital iTrustCapital Explore →

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

images-e1706008039676.jpeg
Advertorial
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
READ FULL BIO
Sponsored
Sponsored