While bitcoin prices were affected during the first quarter of 2022, it still managed to close between $36,000 and $45,000 spectrum for the quarter, as per a CoinGecko report.
Data from the report stated that bitcoin prices remained stagnant, compared to gold and oil prices which projected gains towards the end of the quarter.
The report further stated that bitcoin’s total hash value, which refers to the computational power of transactions by the proof-of-work mechanism, experienced volatility between 160m total hash rate per second and 220m TH/s, and reached an all time high of 248m TH/s on February 12, 2022.
Asset classes such as S&P500, NASDAQ, DXY and TLT sustained losses for the first quarter of 2022.