- Bitcoin has lost around 58% of its value in the second quarter of 2022, its worst quarterly loss in more than a decade.
- This is the worst quarterly performance for bitcoin since the third quarter of 2011 when it lost 68.1% of its value.
- Meanwhile, ether is down 69.3% in the second quarter and is on track for its worst quarter on record, dating back to its inception in 2015.
- The price crash has led to hedge fund Three Arrows Capital entering liquidation while other companies have paused withdrawals for users amid liquidity issues.
Bitcoin is on track to post its worst quarterly loss in more than a decade.
The world's largest cryptocurrency has lost around 58% of its value in the second quarter of 2022, according to data from CryptoCompare. Bitcoin has fallen from $45,524 at the start of the quarter and was trading at around $18,000 on Thursday, the last day of the three-month period, according to CoinDesk data.
This is the worst quarterly performance for bitcoin since the third quarter of 2011 when it lost 68.1% of its value.
Arjun Kharpal | CNBC