After Four Straight Monday Declines, What's on the Cards for Bitcoin?

Bitcoin (BTC) investors are looking to determination past 4 consecutive Monday losses.

Over the past fewer weekends, the largest cryptocurrency has experienced important terms volatility, driven by macroeconomic uncertainty including geopolitical tensions, tariffs and rising planetary enslaved yields. The play nervousness appears to person carried implicit into Mondays.

Data from Velo shows the implicit the past 3 months Mondays and Thursdays person been the astir antagonistic days of the regular workweek. Sunday, however, stands retired arsenic the worst-performing time of the week overall, with an mean terms diminution of 1%. Overall, weekends execute somewhat worst than weekdays successful presumption of performance.

Bitcoin has fallen the past 4 Mondays, Coinglass information shows. It mislaid 0.31% connected Feb. 17, 4.6% connected Feb. 24, 8.5% connected March 3 and 2.6% connected March 10. It has dropped 30% diminution from its all-time precocious successful precocious January, coinciding with a 10% descent successful the S&P 500.

The S&P 500 has besides experienced 3 consecutive Mondays of losses. It did not commercialized connected Feb. 17 owed to a U.S. holiday.

Bitcoin is trading conscionable 1.4% higher implicit 24 hours, portion S&P 500 futures person turned somewhat negative. What happens adjacent is anyone's guess.