The Bitcoin quarterly gains have been reviewed by many best cryptocurrency news sites. As of yesterday, its levels have skyrocketed to second best over the past five years, which may be a solid indicator that a new all-time high is on its way.
If Bitcoin remains above $8,000 by the end of June, the price may revisit new highs and increase even more. As it is right now, the Bitcoin quarterly gains show that BTC has increased from $4,100 to $8,000 in about a month and a half (since April 1st). The two-fold increase against the US dollar has been reported daily in our latest cryptocurrency news sections.
$BTCcurrent quarter ranks as the 2nd highest quarterly gain since 2014 and the 7th highest quarterly gain all-time pic.twitter.com/bNTohKJREw— Josh Olszewicz (@CarpeNoctom) May 19, 2019
current quarter ranks as the 2nd highest quarterly gain since 2014 and the 7th highest quarterly gain all-time pic.twitter.com/bNTohKJREw
— Josh Olszewicz (@CarpeNoctom) May 19, 2019
After visiting the lowest point in December 2018, Bitcoin was down about 85% from its all-time high at $20,000. However, the price of BTC rose and the most dominant cryptocurrency has formed a powerful recovery in the second quarter of 2019 which led to the powerful Bitcoin quarterly gains.
So far, the price trend of Bitcoin closely resembles the movement of 2017 which was a year in which Bitcoin demonstrated its strongest bull market as it surpassed $20,000 in key markets such as South Korea and other territories. Similarly, Bitcoin began 2017 with a large 40% quarterly gain which was followed by an explosive 80% gain in the second quarter, ending the fourth quarter with gains of 219%.
The most dominant cryptocurrency was also able to sustain its momentum throughout 2017 and achieve a new all time high due to the sudden spike in interest. If the Bitcoin quarterly gains over the next month collide, we could be seeing great price action – and possibly a new Bitcoin high.
According to industry executives and analysts, a new rally of crypto assets is likely to be led by institutional investors and strategists. Previously, people like these stated that they may have been overly optimistic on the entrance of institutional investors in the past few years.
According to Fidelity Digital Assets and their report, the inflow of capital from institutions to crypto may rise over the next five years (potentially increasing the Bitcoin quarterly gains too):
“Almost half of the institutional investors surveyed (47%) view digital assets as having a place in their investment portfolios, but opinions vary on how these investors would prefer to hold digital assets in the future. Across all institutional segments, when considering a custodian for digital assets, 76% of institutions surveyed placed security and safety as their most important considerations,” the report read.
In the altcoin news, the Bitcoin rally triggered a lot of altcoins to mimic it and post strong gains.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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