• Bitcoin (BTC) has seen positive returns for two consecutive quarters, ending the first half of 2023 in green.
• The last time bitcoin recorded two consecutive green quarters was in Q3 and Q4 2021.
• Bitcoin broke its quarter-long negative streak in Q1 2023 with monthly returns of 39.63%.
Bitcoin (BTC) Posts Positive Returns for Two Consecutive Quarters
Bitcoin (BTC) has seen positive returns for two consecutive quarters, ending the first half of 2023 in green, according to data compiled by the cryptocurrency information platform CoinGlass. For the first quarter, the leading crypto asset posted a return of 71.77% and 7.19% at the end of the second one. The last time bitcoin recorded two consecutive green quarters was in Q3 and Q4 2021, with 25.01% and 5.45%, respectively.
Q1 2023: Breaking Negative Streak
This is a significant development as the crypto market seems to be recovering from the bear season that spanned across most of 2022. Bitcoin broke its quarter-long negative streak in Q1 2023, posting quarterly returns of 71.77%. For 2022, it had recorded negative returns every quarter, with Q2 being the worst due to the fall of the Terra ecosystem (-56.20%).
Positive Monthly Returns
For monthly returns, Bitcoin has also been positive in 2023 compared to 2022 when it had only four green months; recording just one negative this year so far – -16.23% and -3.59% in November and December respectively). BTC started January with 39.63% monthly returns breaking this streak followed by 0 .03%, March 7th 19th April 17th 29th May 11th 23rd June 5th 17th July 1st 13th August 3rd 15th September 7th 19th October 2nd 14st November 6th 18st December 4th 16st 2021/22 calendar – 0%.
Crypto Market Regaining Strength
The strong performance indicates that investor confidence is returning to cryptocurrencies as institutional investors have increasingly invested into BTC over recent months backed by various macroeconomic events such as inflation concerns which have caused traditional assets like stocks to lose value while maintaining their bullish stance on digital assets like bitcoin instead because they are seen as safer investments during times of economic uncertainty or risk aversion among traders/investors alike–regardless if these are short term or long term traders/investors — either way this has helped propel BTC higher throughout many different markets across multiple countries/regions worldwide thus increasing its overall demand & relative price appreciation accordingly; making it an attractive option even during bear markets when other assets might not perform well during those periods too!
Increased Adoption & Institutional Interest
Furthermore there has been increased adoption from both retail customers & institutional investors alike which further helps support BTC’s long-term outlook as more people become aware/educated about cryptocurrencies & blockchain technology which could eventually lead towards mainstream acceptance once regulatory frameworks catch up accordingly too–something that will likely happen sooner rather than later given current trends surrounding governments around world looking into implementing new regulations surrounding digital asset trading activities etc.. All these factors combined make now an especially good time for investors looking to get involved with cryptocurrencies if they haven’t already done so yet!