Bitcoin Experiences Fourth Quarter Slump

Bitcoin’s performance in the fourth quarter of 2023 has been marked by a series of declining values, with a notable decrease in both October and November. According to PANews, Bitcoin experienced a decline of 3.69% in October, followed by a substantial drop of 17.67% in November and a further 4.76% decline on the first day of December. This trend marks the first time since 2018 that Bitcoin has shown negative returns for each month within the final quarter of the year.