CryptoWatch: Here’s how brutal the first quarter was for bitcoin and other cryptocurrencies


The first quarter was horrible for cryptocurrency investors—there’s no other way to describe it.

The No.1 digital currency, bitcoin BTCUSD, -5.66% opened the year above $14,000, not terribly far off the all-time high of $19,694.69 reached on Dec. 17, 2017. After making another run higher in the first week of the year, it came to an abrupt halt and began what was a sustained fall, probably best described as a plummet.

Read:Don’t fight the FUD: HODL onto this list of bitcoin terms you need in your vocabulary

By Feb. 6, bitcoin had fallen through $6000 to $5,947.40, representing a 58% fall.

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