Bitcoin Investors Aim to Break Four Consecutive Monday Losses
Bitcoin investors are looking to recover from four consecutive Monday losses. Recent price volatility is attributed to macroeconomic factors such as geopolitical tensions, tariffs, and rising global bond yields.
- Over the last three months, Mondays and Thursdays have been the most negative days in the workweek.
- Sunday is noted as the worst-performing day, with an average price decline of 1%.
- Bitcoin's performance on recent Mondays:
- Feb. 17: -0.31%
- Feb. 24: -4.6%
- March 3: -8.5%
- March 10: -2.6%
- Bitcoin has seen a 30% decline from its all-time high in late January, coinciding with a 10% drop in the S&P 500.
- S&P 500 also recorded three consecutive Mondays of losses.
Currently, Bitcoin is trading 1.4% higher over the last 24 hours, while S&P 500 futures are slightly negative.