Bitcoin had the best first quarter of the past eight years!

Bitcoin (BTC) had the best first quarter of the past eight years, after March was better than expected.

According to the data of analysis source Bybt, BTC / USD showed the biggest increase in value since 2013 in the first quarter of this year.

103 percent increase in BTC price

Although Bitcoin did not hit the record high as the second quarter began, it performed a rare performance in March. March is a month in which Bitcoin generally yields negative returns.

Monthly yield chart of the BTC / USD pair. Source: Bybt

The largest cryptocurrency has not only gained nearly 30 percent this time, it also broke the record to $ 61,700.

Green candles were seen in all months of the first quarter of 2021 and the total return for the quarter was 103.1 percent. Bitcoin has recently demonstrated a surpassing performance in 2013, gaining 539 percent in the first quarter.

1-month candlestick chart (Bitstamp) of the BTC / USD pair. Source: Tradingview

The second quarter of the year is the quarter in which Bitcoin generally shows the strongest performance. Bitcoin has fallen only twice this quarter so far, both less than 10 percent.

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