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Can Bitcoin’s struggles and volatility of Q3 overshadow BTC’s Q4 performance

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ambcrypto.com

The third quarter (Q3) of 2022 has been one filled with intense scrutiny of crypto assets with Bitcoin [BTC] at the heart of it.

The king of crypto asset, recently, witnessed a dip in its tractions due to developments on major blockchains such as Ethereum [ETH] and Cardano [ADA].However, BTC still remains the largest market cap crypto asset by a country mile.

While the coin’s price dipped again in the previous quarter, another strange pattern was observed from the on-chain data.BTC witnessed a price slide in recent months on the back of sustained macro pressure.

Another major sell-off was initiated last week after the Ethereum Merge was launched. However, in light of these events BTC witnessed a downward volatility trend.

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