Bitcoin's Q2 Performance Declines 11.92% in 2024

Bitcoin's performance in the second quarter has historically been strong, with an average return of 24.86% over the past 12 years. However, the past five years have shown a different picture, with more drops than gains. In Q2 2020, Bitcoin saw a significant rise of 42.33%, but this was followed by a sharp decline of 40.36% in Q2 2021. The trend of decline continued in Q2 2022 with a drop of 56.2%, and although there was a slight recovery of 7.19% in Q2 2023, Q2 2024 saw another decline of 11.92%.

Looking at the month of April specifically, Bitcoin has experienced a mixed performance over the past 12 years, with 5 rises and 5 falls. The average monthly return for April is 12.03%, with a median return of 2.81%. However, the past five years have been less favorable. April 2020 saw a substantial increase of 34.26%, but this was followed by a decline of 1.98% in April 2021. The downward trend continued with a drop of 17.3% in April 2022, a modest increase of 2.81% in April 2023, and a decline of 14.76% in April 2024.

The data highlights a clear trend of volatility in Bitcoin's performance, particularly in the second quarter and the month of April. While historical data shows periods of significant growth, the recent years have been characterized by more frequent and substantial drops. This volatility underscores the unpredictable nature of Bitcoin's performance and the need for cautious investment strategies.