【Block Rhythm】 The pressure in the crypto circle has indeed been quite significant recently. According to data statistics, Bitcoin’s performance in this Q4 has been quite bleak, with a total decline of 23.76% from the beginning of the quarter to now. Sounds not too scary? Hold on, just look at the ledger to see how heartbreaking it is—throughout Bitcoin’s history, only in Q4 of 2018 did it fall more sharply, dropping directly by 42.16%.
Ethereum’s experience is even more severe. Currently, the cumulative decline in the fourth quarter has reached 31.54%, a figure only slightly better than two periods: -39.47% in 2016 and -41.62% in 2018. In other words, in recent years, it’s rare to see Ethereum suffer such a big hit in a single quarter.
Such a level of adjustment often indicates that the market is re-pricing, so investors should stay alert.
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Bitcoin and Ethereum Q4 decline triggers historic alert—How severe is this correction?
【Block Rhythm】 The pressure in the crypto circle has indeed been quite significant recently. According to data statistics, Bitcoin’s performance in this Q4 has been quite bleak, with a total decline of 23.76% from the beginning of the quarter to now. Sounds not too scary? Hold on, just look at the ledger to see how heartbreaking it is—throughout Bitcoin’s history, only in Q4 of 2018 did it fall more sharply, dropping directly by 42.16%.
Ethereum’s experience is even more severe. Currently, the cumulative decline in the fourth quarter has reached 31.54%, a figure only slightly better than two periods: -39.47% in 2016 and -41.62% in 2018. In other words, in recent years, it’s rare to see Ethereum suffer such a big hit in a single quarter.
Such a level of adjustment often indicates that the market is re-pricing, so investors should stay alert.