Bitcoin Records Impressive 72.4% QoQ Gains, Emerges as Top-Performing Asset in Q1 2023
Business Today Sri Lanka|June 2023
Over the past few months, Bitcoin (BTC) has experienced a surge in value that has left all other major asset classes trailing. Per a BitcoinCasinos.com report, the premier cryptocurrency had an impressive 72.4% quarter-over quarter gain in Q1 2023.
Edith Muthoni
Bitcoin Records Impressive 72.4% QoQ Gains, Emerges as Top-Performing Asset in Q1 2023

Comparatively, the NASDAQ index jumped 15.7%, while gold had an 8.4% increase. Buoyed by positive inflation data, the US Dollar Index (DXY) remained fairly unchanged. And while all major asset classes ended the quarter with positive returns, crude oil decreased by 6.1%.

According to BitcoinCasinos financial expert Edith Reads, Bitcoin’s Q1 performance is a testament to its resilience and growth potential amidst a volatile and uncertain global market. Since its inception, BTC has been battling several hurdles, including regulatory crackdowns, hacking incidents, and market fluctuations.

Edith explains, “Bitcoin’s impressive gains clearly indicate its resilience despite the volatile market conditions. With the increasing institutional adoption and global recognition, the asset class is proving to be a reliable store of value for investors and traders alike.”

Bu hikaye Business Today Sri Lanka dergisinin June 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Today Sri Lanka dergisinin June 2023 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS TODAY SRI LANKA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Vision Care Expands Branch Network with New Wennappuwa City branch
Business Today Sri Lanka

Vision Care Expands Branch Network with New Wennappuwa City branch

Vision Care opened its newest branch in Wennappuwa, further expanding its network of accessible, top-quality vision care services across the country.

time-read
1 min  |
November 2024
HNB Wins' Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs'
Business Today Sri Lanka

HNB Wins' Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs'

HNB was honored with the titles of 'Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs at the Euromoney Awards for Excellence 2024.

time-read
1 min  |
November 2024
People's Bank 'People's Pay' App Now Offers Easy Access to CRIB 'My Report'
Business Today Sri Lanka

People's Bank 'People's Pay' App Now Offers Easy Access to CRIB 'My Report'

In the current fast-paced environment, the ability to promptly access vital information can greatly expedite financial transactions.

time-read
1 min  |
November 2024
HNB Partners with John Keells CG Auto
Business Today Sri Lanka

HNB Partners with John Keells CG Auto

HNB has strategically partnered with John Keells CG Auto (JKCG Auto) to offer innovative leasing solutions for their BYD vehicle range.

time-read
1 min  |
November 2024
Pathfinder Foundation Presents Sinhala Translation of 'The India Way' to Dr. S. Jaishankar, External Affairs Minister of India
Business Today Sri Lanka

Pathfinder Foundation Presents Sinhala Translation of 'The India Way' to Dr. S. Jaishankar, External Affairs Minister of India

The Pathfinder Foundation presented the Sinhala translation of Dr. S. Jaishankar's seminal work, The India Way: Strategies for an Uncertain World, (ඉන්දීය. මාවත අවිනිශ්චිත ලෝකයක උපාය මාර්ග) to the visiting Indian External Affairs Minister during a ceremony in Colombo.

time-read
1 min  |
November 2024
SLT-MOBITEL Nebula Institute of Technology recognized on Campus Chapter as the tenth IET
Business Today Sri Lanka

SLT-MOBITEL Nebula Institute of Technology recognized on Campus Chapter as the tenth IET

SLT-MOBITEL Institute Nebula of Technology, the education arm of SLTMOBITEL, has achieved a significant milestone by being recognized as the tenth IET on Campus Chapter.

time-read
1 min  |
November 2024
People's Bank Relaunches Multiple Enhanced Services for Migrant Workers
Business Today Sri Lanka

People's Bank Relaunches Multiple Enhanced Services for Migrant Workers

People's Bank Celebrated World Children's Day by relaunching 'Ethera Udana Minors' Foreign Currency Account with new features.

time-read
2 dak  |
November 2024
EU Delegation Commits to Strengthen Sri Lanka-EU Relations, Extends Presidential Greetings from Key European Leaders
Business Today Sri Lanka

EU Delegation Commits to Strengthen Sri Lanka-EU Relations, Extends Presidential Greetings from Key European Leaders

President Anura Kumara Dissanayake met with the European Union (EU) Delegation, led by EU Ambassador Carmen Moreno.

time-read
1 min  |
November 2024
ADB Delegation Meets President Dissanayake, Pledges Continued Support for Sri Lanka's Economic Development
Business Today Sri Lanka

ADB Delegation Meets President Dissanayake, Pledges Continued Support for Sri Lanka's Economic Development

The Country Director of the Asian Development Bank (ADB) Resident Mission in Sri Lanka, Takafumi Kadono, along with a delegation, met with President Anura Kumara Dissanayake.

time-read
1 min  |
November 2024
Sri Lanka Secures USD 200 Million from World Bank's IDA for Second Phase of RESET Program
Business Today Sri Lanka

Sri Lanka Secures USD 200 Million from World Bank's IDA for Second Phase of RESET Program

The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing package to support the second phase of Sri Lanka’s Resilience, Stability, and Economic Turnaround (RESET) Development Policy Financing (DPF) program.

time-read
1 min  |
November 2024