Bitcoin is set to have its best quarter in two years

Bitcoin has surged almost 72% to $28,500 this year, achieving its best quarterly gain in two years. This rally has lifted BTC’s market value to $542 billion.

The resurgence of Bitcoin has been fueled by speculation that central banks, particularly the US Federal Reserve, will abandon their aggressive rate increases in response to recession signals.

This sentiment gained momentum after three US banks collapsed, and the Fed launched emergency funding programs to stabilize the banking sector.