Bitcoin (BTC) Investors Face Consecutive Losses

Bitcoin (BTC) investors are aiming to move past four consecutive Monday losses.

Price Volatility and Market Conditions

Recently, the largest cryptocurrency has witnessed significant price volatility due to macroeconomic uncertainties, including geopolitical tensions, tariffs, and rising global bond yields. This nervousness often spills over into Mondays.

Data from Velo indicates that over the past three months, Mondays and Thursdays have been the most negative days of the week. Notably, Sundays emerge as the worst-performing day, averaging a price decline of 1%. Overall, weekends tend to perform slightly worse than weekdays.

Bitcoin’s Performance on Mondays

Bitcoin has seen losses over the last four Mondays according to Coinglass data. The specific losses are as follows:
– 0.31% on Feb. 17
– 4.6% on Feb. 24
– 8.5% on March 3
– 2.6% on March 10

This culminates in a 30% decline from its all-time high in late January, which coincides with a 10% drop in the S&P 500.

The S&P 500 has also faced three consecutive losing Mondays and did not trade on Feb. 17 due to a U.S. holiday.

As of now, Bitcoin is trading just 1.4% higher over a 24-hour period, while S&P 500 futures appear slightly negative. The future remains uncertain.