Bitcoin’s April plunge: On track for worst month since August down 11%

2024-4-16 16:00

Quick Take

Data from Coinglass shows that Bitcoin is currently facing a challenging month, as it experiences a significant drawdown of over 11.2% in April. So far, this marks the worst-performing month for Bitcoin since August 2023, when it saw a similar drawdown of approximately 11.3%. To find a more severe monthly decline, one would need to look back to November 2022, when Bitcoin experienced a 16.2% drawdown during the FTX collapse.

Prior to this current downturn, Bitcoin had enjoyed a seven-month streak of consecutive gains from September to March.

Bitcoin Monthly Returns: (Source: Coinglass)

However, the recent volatility appears to have potentially halted this positive trend, though with two weeks remaining in the month. CryptoSlate had previously reported on April 4 that daily price drops of around 5% were expected. Since then, Bitcoin has seen significant daily declines, with a 3.5% drop on April 9 and roughly 4% drops on April 12, 13, and 15.

Daily Price Performance: (Source: Glassnode)

The post Bitcoin’s April plunge: On track for worst month since August down 11% appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61557.16 (-0.06%)
Объем 24H $26.461b
Изменеия 24h: -2.04 %, 7d: 6.36 %
Cегодня L: $61501.08 - H: $61650.41
Капитализация $1212.406b Rank 1
Цена в час новости $ 62560.36 (-1.6%)

bitcoin month april august drawdown significant far

bitcoin month → Результатов: 126


Analyzing Bitcoin’s summer performance with a cautionary eye on September

Quick Take As July comes to a close, Bitcoin’s performance offers a nuanced view, closing the month with a slight dip of about 3.5%. This is the second month this year where Bitcoin has declined, but despite this, the cryptocurrency has seen a remarkable yearly increase of 77%, Moving into the final month of summer, […] The post Analyzing Bitcoin’s summer performance with a cautionary eye on September appeared first on CryptoSlate.

2023-7-31 19:00


Фото:

Here’s Why Bitcoin Options Open Interest Has Surged 10x on the CME This Month

Bitcoin has seen immense volatility in recent times, and although most of this has favored buyers, the crypto has been unable to firmly surmount the $10,000 region It now appears that large traders are rushing to gain exposure to the cryptocurrency, as open interest for Bitcoin options on the CME has surged 10x this month alone This comes shortly after news of Paul Tudor Jones and other notable investors gaining upside exposure to BTC via […]

2020-5-16 21:00


Measuring the Rising Institutional Investment in Bitcoin (BTC) Despite Alleged Bitfinex-Tether Scandal

The past month has seen the cryptocurrency market boost in value as Bitcoin and other altcoins grew by double digits over the course of the month. However, the glory seemed short lived when the news on Bitfinex and Tether broke out as the prices halted the majestic rise seen hours before. The markets have since […]

2019-5-16 01:04