Bitcoin Ends Q1 Down 10%, Outperforming Equities in Coronavirus Crisis
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 has kicked off the historically strong second quarter on a positive note – scoring gains overnight despite losses on Wall Street.
Bitcoin had another down day. How long the cryptocurrency follows stocks, and whether next month’s halving juices its price, remain open questions.
Bitcoin (BTC) rose Thursday for the fourth straight session and briefly climbed above $7,000 for the first time in three weeks.
Customers spent fewer bitcoins at darknet markets over the last two months despite the slide in the cryptocurrency's price, according to data from blockchain surveillance firm Chainalysis.
While bitcoin and the broader crypto market fell during Q1 amid a global crisis, a few coins outperformed. Here are a few notable winners and losers.