Bitcoin Ends Q1 Down 10%, Outperforming Equities in Coronavirus Crisis

Bitcoin Ends Q1 Down 10%, Outperforming Equities in Coronavirus Crisis

By Dominus1 | My News Gh | 1 Apr 2020


351665157-1eb340bb3c50e10a577b03ce39cf92da0cb9b5ebf7729c2328d917baed73c47e.jpegGood day to all my followers here, hope you doing extremely wonderful today. Today I bring to you before my price update, Bitcoins performance in the first quarter of the year.

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Bitcoin ended the first quarter of 2020 down from the start of the year, but not as badly as the record-setting losses suffered by global equities. 

Bitcoin earlier in the year went as high up as reaching all time high of $10,200, which was very profitable for investors but no one knew that the storm of everyone losing almost 50 percent of assets was around the corner.

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But hope is not list as BTC has and continues it best in climbing up,though the journey has been rough but it still doing amazingly well.

On a 24-hour basis, bitcoin (BTC) was in the green less than a percent Tuesday afternoon Eastern time and Etherium (ETH) was up slightly as well. The performance of other cryptocurrencies was mixed. 

Cryptocurrencies operate 24/7 and don't have quarters for closing the books. However, bitcoin, the market bellwether, was down just 10 percent for 2020’s first three months.

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BAT was down 50 Percent after climbing up, Eth, BCH,LTC combined was also down 40% in the first quarter.

Will we see an increase or a bull run in the next 3 Months or in the next quarter of the year starting today.

Will BTC reach the predicted 10k? Are cryptocurrencies the safe haven as we have been made to believe?

Let your thoughts flow!!!

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Dominus1
Dominus1

A young Ghanaian with interests in Blogging and Crypto. A Content creator. Am an avid football fan and a 3D Epoxy installer.


My News Gh
My News Gh

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