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Bitcoin was explicitly designed for today’s market environment, and it delivered strong performance in the first quarter of 2023. Bitcoin ended the quarter above $28,000 and up 72% YTD, making it bitcoin’s best performing quarter since 1Q21.

We take a look at the first quarter of 2023 and the news that shaped it as well as important events in the future.

Bitcoin ended 2022 down over 60%, which ranks as bitcoin’s second worst performing calendar year since the asset began trading in 2009.

Bitcoin ended September at ~$19.5K and delivered stronger performance for the quarter (+3%) than U.S. equities and bonds, with the S&P 500 Index and Bloomberg U.S. Aggregate Total Return Bond Index both down 5%.

We look back at the third quarter of 2022 and the news that shaped it as well as important events in the future.

As the summer came to an end, Bitcoin retreated from its rally earlier in August and ultimately sold off to end the month lower, falling by 14% to $20,229 in what continued to be a challenging macroeconomic environment.

NYDIG found that financial advisors have a compelling opportunity to diversify their offering to include bitcoin.

Bitcoin recovered 26% in July to $23,907, delivering its first positive month of performance since March.

Bitcoin continued to face performance challenges in June and found itself squarely in bear market territory.

May was another difficult month for digital assets, with bitcoin ending the month 18% lower.