- Bitcoin’s Q1 gains dominate, with an average 56.47% rise since 2013, outpacing losses.
- Q1 2024 continued Bitcoin’s strong trend with a 68.68% surge, reinforcing early-year growth.
- January shines for Bitcoin, recording 4 gains in the past 5 years, including 39.63% in 2023.
The first quarter (Q1) of each year has always been characterized by impressive and stable Bitcoin performance. Coinglass’s Bitcoin data analysis shows that there were three consecutive gains in the first quarter of the past five years and two losses. These gains have been much higher than the corresponding losses, underlining the possibility of early-year profits.
In the first quarter of 2024, Bitcoin increased by 68.68%, adding to its impressive performance for that year. The last year, 2023, was even more impressive, with an increase of a staggering 71.77%. The greatest growth in Q1 performance was in 2021, specifically when Bitcoin grew by a staggering 103.17%. On the other hand, losses in Q1 were much lower than in Q4, with 1.46% for 2022 and 10.83% for 2020.
Historical Q1 Trends
Historically, the first quarter of every year has been the best-performing quarter for Bitcoin since 2013, with an average gain of 56.47%. In this case, Q1 was positive for Bitcoin, with the virtual currency experiencing six gains and six losses within the period. However, while on balance about the number of gains and losses, the value of profits has been higher than that of the losses.
January, the first month of a quarter, has also been a good month for Bitcoin, especially in the last few years. In four of these five years, Bitcoin experienced an increase in the month of January. Key achievements include a 39.63% improvement in January 2023 and a 29.95% enhancement in January 2020. Since 2013, January has returned 3.35%, as it has followed a pattern of six gains and six losses in the first quarter.
Bitcoin Price Falls Below Peak as Year-End Rally Loses SteamThe historical Q1 performance of Bitcoin shows that the cryptocurrency can generate substantial returns now and then. For the first quarter of the year, Bitcoin’s gain since 2013 averages 56.47%, which makes it a preferred investment option. The early-year performance of the cryptocurrency market will continue to dictate the trends and interests of investors in the market’s future.
