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Fortune

Marco Quiroz-Gutierrez

EXPLAINED: Bitcoin s best quarter in 2 years beats all major indexes in q1 - The Real Truth

Bitcoin Crypto Coinbase US Federal Reserve

Artistic rendering of Bitcoins (Credit: Photo Illustration by Fortune)

After a rocky end to 2022, Bitcoin turned its luck around in the first three months of the year, skyrocketing 73% to outperform all major U.S. indexes.

The most popular cryptocurrency started the year off around $16,000 but finished the quarter around $28,500, its best quarterly performance in two years, according to CoinDesk. The cryptocurrency was trading at $28,000, down 1% on Monday morning, according to CoinMarketCap data.

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