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The Bitcoin price is on course for the worst first quarter of all time



Bitcoin has a terrible first quarter, in fact the worst thing it has ever seen.

4 was a decline in prices of almost 38 percent. It tracks the price of Bitcoin back to the middle of 2010.

CNBC considered Bitcoin's price performance in the first quarters of each year starting in 2011. Bitcoin has posted a decline in 5 out of the 8 first recorded quarters, representing the current 2018 Q1.

The biggest price increase was a 599 percent increase in the Bitcoin price in the first quarter of 2013.

Bitcoin experienced a massive price hike in 2017, reaching a record high of $ 19,000 at the end of last year.

But in 2018 it was subjected to a more stringent regulatory authority, and part of the air came out of the market.

At a G-20 meeting this month, the governor of the Central Bank of Argentina has set a summer term for members to "get specific recommendations" and the task forces are working to submit proposals by July. Italy's central bank chief told reporters after the meeting in Buenos Aires, Argentina, that cryptocurrencies pose risks, but should not be banned, according to Reuters.

Kate Rooney of CNBC has contributed to this article.


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