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<p>The post <a href="https://coinpedia.org/news/bitcoins-rollercoaster-ride-in-q2-2024-analyzing-the-12-price-drop/">Bitcoin’s Rollercoaster Ride in Q2 2024: Analyzing the 12% Price Drop</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a> experienced significant volatility in the second quarter of 2024, with a notable decline in price. This report delves into the quarterly and monthly returns, comparing them to previous years and analysing the data for a clearer understanding of performance.</p> 
<h2 class="wp-block-heading" id="h-second-quarter-q2-2024-a-decline-in-bitcoin-price-nbsp">Second Quarter (Q2) 2024: A Decline in Bitcoin Price&nbsp;</h2> 
<p>Bitcoin’s quarterly returns for Q2 2024 show a 12% decline, meaning the price at the end of June 2024 was 12% lower than at the beginning of April 2024. The closing price of Q2 2024 was $62,743, down from $71,262 in Q1 2024. This sharp decline contrasts with the same quarter in 2023, where Bitcoin saw a positive return of 7.03%.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="802" height="870" src="https://image.coinpedia.org/wp-content/uploads/2024/07/01165526/image-11.png" alt="" class="wp-image-321302" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/01165526/image-11.png 802w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165526/image-11-277x300.png 277w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165526/image-11-768x833.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165526/image-11-150x163.png 150w" sizes="(max-width: 802px) 100vw, 802px">
</figure> 
<h2 class="wp-block-heading" id="h-bitcoin-monthly-returns-in-2024-a-mixed-bag-nbsp">Bitcoin Monthly Returns in 2024: A Mixed Bag&nbsp;</h2> 
<p>Breaking down the monthly performance in 2024, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin’s price</a> fell by 7% in June, following an 11.1% increase in May and a 14.7% drop in April. Earlier in the year, Bitcoin enjoyed a significant rise, with returns of +16.3% in March, +44% in February, and a modest +0.87% in January.</p> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="942" src="https://image.coinpedia.org/wp-content/uploads/2024/07/01165528/image-12.png" alt="" class="wp-image-321303" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/01165528/image-12.png 1600w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165528/image-12-300x177.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165528/image-12-1024x603.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165528/image-12-768x452.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165528/image-12-1536x904.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165528/image-12-150x88.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
<h2 class="wp-block-heading" id="h-comparative-analysis-year-on-year-bitcoin-performance-nbsp">Comparative Analysis: Year-on-Year Bitcoin Performance&nbsp;</h2> 
<p>Comparing year-on-year performance, Bitcoin’s Q2 2024 decline stands out against its q2 2023 return of +7.03%. Despite the recent dip, Bitcoin’s six-month price change remains positive at +42.4%, highlighting its strong performance in the first half of the year. The three-month price change, however, shows a -9.92% decline as of July 1, 2024.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" width="802" height="747" src="https://image.coinpedia.org/wp-content/uploads/2024/07/01165526/image-10.png" alt="" class="wp-image-321301" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/01165526/image-10.png 802w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165526/image-10-300x279.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165526/image-10-768x715.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/01165526/image-10-150x140.png 150w" sizes="(max-width: 802px) 100vw, 802px">
</figure> 
<h2 class="wp-block-heading" id="h-bitcoin-historical-performance-average-monthly-returns-nbsp">Bitcoin Historical Performance: Average Monthly Returns&nbsp;</h2> 
<p>Looking at historical data from 2011 to 2024, Bitcoin’s average monthly returns highlight interesting trends. June typically sees an average return of +7.91%, while May averages +20%, and April a robust +34.7%. March and February also show positive averages at +11.8% and +16.6%, respectively, with January averaging +9.78%.</p> 
<p>In conclusion, Bitcoin’s performance in Q2 2024 illustrates the cryptocurrency’s inherent volatility. While the recent quarter showed a notable decline, historical and early 2024 data reveal periods of significant growth.&nbsp;</p> 
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Bitcoin’s Rollercoaster Ride in Q2 2024: Analyzing the 12% Price Drop

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