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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.
Bitcoin mining is the act of expanding Bitcoin’s digital ledger — called the blockchain — and ensuring that it adheres to prescribed rules.
April was a difficult month for assets across the board amidst rising rates as the Federal Reserve attempts to curb inflation.
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